16:11 - 12.05.2026

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May 12, Fineko/abc.az. Slowdown was recorded on growth rates compared with previous months, despite the fact that the price rise in the Azerbaijani car market continued in April 2026.

ABC.AZ was informed at the Azerbaijan Chamber of Appraisers (AQP) that the overall market indicator for the index, which was adopted for the base period in December 2025, increased by 5.8% compared to the base period in April and by 1.3% compared to March, reaching 105.8 points. This result proves that the uptrend remains in the market, but price growth is entering a phase of greater stabilization.

According to the analytical estimates of the House of Representatives, the main driving force in the market this time was also the used car segment. The index for used cars in April was fixed at 108.2 points, which corresponds to an increase of 8.2% compared to December and 2.1% compared to March. And in the new car segment, growth was relatively low. The new car index increased by 3.5% compared with the base period and by 0.8% compared to March.

The results of the study show that growth of average prices in the automotive market across the country has also continued. In April, the average market price rose to 30,480 manats, which is 9.2% more than in December 2025 and 1.9% more than in March. The index of trading activity also increased. This indicator grew by 10.5% over the base period and by 1.7% over the month, reaching 110.5 points in April. The share of sales made through loans also increased and reached 48%. This represents an increase of 8 percentage points compared to December and 1 p.p. compared to March.

The most noticeable increase in price dynamics was observed in vehicles such as SUVs and economy class. The average market value of SUVs and crossovers rose to 39,100 manats in April, an increase of 11.1% compared to the base period and 1.8% compared to March. Prices for economy class cars increased by 10% compared to December and by 1.4% compared to a month earlier. The growth of middle-class cars was 7.6%, and the premium segment - 4.1%. Experts explain this by the fact that consumers gravitate towards both budget and functional cars for family use.

The report also focuses on changes in the market structure. The share of used cars in the market rose to 72% in April, while the share of new cars fell to 28%. The main reason for this is that buyers are turning to more economical options. At the same time, there is a significant increase in the market share of hybrid and electric vehicles. The share of this segment increased from 5% in December to 9.5% in April. The share of diesel cars decreased from 19% to 16%. This trend indicates an acceleration of the process of technological transition in the automotive market.

According to the AQP analysis, the biggest loss in the value of used cars occurs in the early years. Especially in the third year, the decline in prices manifests itself in a more drastic form. However, depreciation proceeds at a more moderate pace in subsequent periods. The analysis shows that as the vehicle's service life increases, the impact of each additional kilometer on the market value decreases.

The Chamber concluded that the current dynamics reflect the fact that the market is developing a model of gradual and stable development, as opposed to sharp price spikes. At the same time, it is predicted that the persistence of high demand for used cars and the rapid growth of the market mass of hybrid electric vehicles will remain the dominant trends in the automotive market even in the coming months.

The AQP regularly publishes monthly indices on real estate, the automotive market and the construction industry.