Azerbaijan announces most sold car brand in capital

The monitoring revealed that prices on cars averaged $16,100 in the capital in October.

About 40.2 percent of 7,100 cars involved in the monitoring were put on sale in October and the rest in previous months.

For already two consecutive years cars of Mercedes-Benz brand hold a solid 1st place with share of 38.6 percent, a rise of  4.6 percent from September.

Nine brands hold 82.5 percent of the used car market. The remaining 17.5 percent was shared by  vehicles of more than 85 different brands owned by 20 firms.

Experts note decline in demand and supply of cars produced in 1997-1998 while demand for cars produced after 2000 is rising.

Experts also say demand for SUV has significantly increased (a rise of 26.9 percent).

Day.Az