By AZE.US
Car prices in Azerbaijan have remained broadly stable despite an apparent decline in the market’s median price. At the same time, the country has recorded a sharp drop in vehicle imports and a growing shift toward hybrid models.
According to the Azerbaijan Chamber of Appraisers, the share of older, low- and mid-priced vehicles increased in July, while expensive and premium cars accounted for a smaller portion of the overall supply.
This change pushed the raw median price down by approximately 5%. However, it did not represent a comparable decline in the value of individual vehicles. When the same models and production years were compared, prices fell by only 0.2%. With the market structure held constant, the decrease was about 0.4%.
In other words, vehicles did not become significantly cheaper. The median declined primarily because more affordable and older cars were placed on the market.
The Chamber’s July analysis was based on more than 25,000 observations covering 120 of the most actively traded makes and models. The assessment considered age, mileage, engine specifications, transmission, drivetrain, body type, equipment and technical condition. The pricing model had an explanatory accuracy of 93.3%, according to the market study.
Vehicle age remains the strongest factor affecting value. Each additional year of use reduces a car’s market price by an average of 6.1%.
Mileage has a smaller independent impact. An additional 50,000 kilometers reduces the value by approximately 1.27%, provided that the vehicle’s other characteristics remain unchanged.
Transmission type also matters. Cars with manual transmissions are valued an average of 6.3% below comparable vehicles equipped with automatic transmissions.
Accident history can have a much larger effect. Even after repairs, a vehicle with a documented accident history retains an estimated 5.2% loss in market value. An unrepaired damaged car may lose as much as 21% of its pre-accident price.
For example, an undamaged vehicle valued at 25,000 manats ($14,706) could lose more than 5,000 manats ($2,941) in market value if it has unrepaired accident damage. The final amount would depend on the affected components, replacement parts, labor costs and an expert assessment.
Vehicles with their original body paint, verified mileage and transparent service records continue to command higher prices. Additional safety, comfort and technology features also increase the asking price compared with more basic versions of the same model.
Meanwhile, Azerbaijan’s vehicle imports have declined sharply. The country imported 29,637 passenger vehicles worth $546.7 million during the first half of 2026. Compared with the same period in 2025, the number of imported cars fell by 37.2%, while their total value decreased by 36.8%.
The average declared import value was approximately 31,400 manats ($18,400) per vehicle, based on State Customs Committee data.
The composition of imports is also changing. During the six-month period, Azerbaijan imported 3,204 conventional hybrids, 7,201 plug-in hybrids and 547 fully electric vehicles. Hybrids therefore accounted for around 35% of all imported passenger vehicles, while fully electric cars represented less than 2%.
The fall in imports has not yet created a shortage because Azerbaijan has a large supply of used vehicles. However, a continued reduction in new arrivals could support prices for popular models, particularly fuel-efficient sedans, crossovers and vehicles with verified histories.
The apparent decline in prices is therefore largely statistical. Azerbaijan’s auto market now contains more older and affordable vehicles, but comparable cars of the same model, age and condition have not become substantially cheaper.
AZE.US