Used-car sellers in Azerbaijan say vehicles priced between 15,000 and 17,000 manats ($8,820 to $10,000) are repeatedly returning to market without finding buyers, even as owners resist sharp price cuts.
One seller told a local television report that he was seeking 15,000 manats and had brought the car to the market for a second time. Another owner, asking between 16,000 and 17,000 manats and in need of cash, said he was making his fourth visit but had received only offers he considered too low.
The examples relate to individual vehicles. The report did not identify their models, model years, mileage or technical specifications, so the amounts should not be read as a market-wide price benchmark.
Sellers described demand as weak during the autumn. Despite fewer serious buyers, the report found no evidence of a major overall shift in used-car prices. The main gap appeared to be between sellers’ expectations and the budgets buyers were prepared to spend.
Smaller cars were said to attract more interest, while minivans were proving harder to sell. Buyers interviewed at the market said they were weighing purchase price against fuel and maintenance costs. One shopper said he was considering a new Lada Niva because of its winter performance and perceived value.
Some sellers said they hoped activity would improve before the New Year, though the report offered no forecast or sales data confirming that expectation.
The findings were reported by Vesti Baku, which also published the television segment.