In July the process for used cars in the markets of the capital did not increase, compared to the first month of summer; but significant decline was fixed in supply of goods 0.2%.
According to the information portal of the public association "The market property" based on the monitoring of the automobile market, the average price in the secondary car market in July this year totals an average of $ 16.200.
The monitoring covered data about 15.900 used cars, 24.3% of which came on the market in July.
Last month, car brand Mercedes-Benz were the leaders in the secondary car market with a specific weight of 35% in the overall supply portfolio.
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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