Wagonlog

Car and the City

Tag: market

  • Are prices in Azerbaijan’s car market declining?

    Against the background of global turmoil, the fashion for the word Tariffs and pessimistic forecasts, it is surprising to hear about falling prices on the Azerbaijani market. But experts of automobile economy have found a positive and I can’t help but share it with you.

    According to the State Customs Committee, 9,868 passenger cars were imported into the country in April 2025, of which 43% or 4,216 were equipped with hybrid engines. This is an impressive jump – 2.8 times more than the same period last year.
    Hybrid cars are entering the country at more attractive prices. In addition, the growing number of importers is creating healthy competition that is curbing price hikes in the market.
    Official statistics confirm a noticeable decrease in MRSP. If in April last year the average price of one hybrid car imported into the country was $29,272, in the same month of 2025 this figure fell by 28.7% and amounted to $20,875.
    A significant factor in the availability of hybrid cars is tax and customs benefits. Until January 1, 2026, the import and sale of hybrid cars with a production date of no more than three years and an engine displacement of no more than 2,500 cubic centimeters are fully exempt from value added tax.
    Although we should probably thank Chinese low-priced cars first of all (a decrease in the average price may also mean a shift of buyers’ interest from medium and high segments to low segments).

  • Azerbaijan Auto Market 2025

    I came across an interesting post on Reddit. Some statements there are controversial, but overall the trends are described well. I used to follow the market through the eyes of BestSellingCars, the information on which was taken from an unclear place. Someone privately provided it to Matt, having access to some inside information on dealers. It reflects only sales of new cars, which are inferior to the import of used cars (at least they used to be inferior). I also got information from fragmentary data from the State Statistics Committee.

    Then I abandoned this idea, even though I have slightly more data, coming into contact with the largest platform for ads for the sale of cars. The latest data on BestSellingCars, by the way, is also for 2022.
    It seems obvious to me that Chinese brands dominate among new cars now, the import of used cars from Korea has grown a lot. The State Customs Committee reports on figures, but not on brands and models, without even specifying where the vehicles are imported from:

    Azerbaijan imported 16,758 vehicles in January-February 2025, which is 26% more than in the same period last year. The total value of vehicles imported into the country was $288,940,130 (an increase of 16.7%). The average price of a car was $17,251
    The largest number of vehicles were passenger cars and other motor vehicles for the carriage of passengers – 15,309 thousand units (an increase of 27.3%) with a total value of almost $256 million (an increase of 17.6%). Average price of a car is $16,717
    Of passenger cars, in particular, 7,577 thousand hybrid cars were imported during the reporting period (an increase of 2.9 times) for the amount of 146 million US dollars (an increase of 1.8 times). Average price of a car is $19,303
    In addition, over 2 months, the number of imported electric cars amounted to 309 units (a decrease of 42.9%) for the amount of 12,839,900 US dollars (a decrease of 1.9 times). Average price of a car is $41,553

    Turbo.az shares information about the most popular car dealerships operating on their site, as well as official dealers. This is not about sales, but about ad views, but it is still very interesting (data for 3 months of 2025):

    Самые продаваемые автомобили в Азербайджане в 2019

  • Pre-Owned Tesla Prices Tumble as Trade-Ins Climb To All-Time High

    • In the year to March 31, the average price of a used Tesla fell 7.03% in the U.S. and 17.3% in the U.K., industry data suggests.
    • The falling prices reflect higher-than-ever trade-in rates.
    • Demand for new Teslas is also weak and could get worse if tariffs induce significant price increases.

    As a glut of traded-in vehicles hit the market, prices for pre-owned Teslas have dropped in the U.K. and U.S.

    The price drop further complicates Tesla’s business prospects as the firm faces plummeting global sales and supply chain uncertainty amid an escalating trade war.

    Used Tesla Prices Fall Faster Than Other Brands

    According to data from CarGurus, the average price for a second-hand Tesla in the U.S. fell from $31,590 on March 31, 2024, to $29,370 a year later

    The 7.03% decline is much steeper than the 2.72% average observed across brands and models.

    Cybertrucks faced the most severe price drop of more than 54% year-over-year.

    Despite Elon musk’s prediction that Tesla would sell 250,000 Cybertrucks per year, the company has sold just 46,000 since they hit the market in 2023.

    Tesla in the U.K.

    The decline was even more pronounced in the U.K., where the average price of a second-hand Tesla fell 17.3% from ?26,895 to ?22,213.

    As Tesla doesn’t sell Cybertrucks outside of North America, the model with the steepest price decline in the U.K. was the Model Y, which saw an average price reduction of 22.55%.

    Overall, pre-owned vehicle prices fell a little over 4% in the country, CarGuru data reveals.

    When it comes to new Teslas, the U.K. has bucked the wider European trend for declining sales. Yet the increase is down to an uptick in electric vehicle (EV) sales across the board.

    Looking at all EVs sold in the country, Tesla has actually lost market share.

    Tariffs To Impact New Tesla Prices


    While the cost of used Teslas has fallen, new vehicles are expected to rise in price once the full impact of recent U.S. tariffs is factored in.

    Like most automakers, Tesla relies on international supply chains that will incur significant new taxes under Donald Trump’s latest tariff regime.

    An analysis by Barron’s estimates that new import duties will cause the average cost of a Tesla made in the U.S. to rise by $4,000, or 11%.

    The looming price hike comes at a bad time for Tesla, which has suffered a dramatic drop in sales as more buyers boycott the company over CEO Elon Musk’s politics.

    In the first quarter of 2025, Tesla sold just 336,681 units, its worst performance since 2023 and nearly 80,000 fewer EV than rival BYD

    Between the growing boycott movement and weaker demand for EVs generally, the firm has lost market share in almost every market.

    Source: https://www.ccn.com/news/business/pre-owned-tesla-prices-tumble/

  • В США новые машины дешевле подержаных

    carsaleНапример, средняя цена подержанной Honda Accord EX sedan 2008 года – $21,544, модель 2009 года стоит на 80 долларов дешевле.
    Объяснение просто – продажи новых автомобилей достигли максимального снижения за 27 лет, и продавцы в отчаянии снижают свои накрутки и прибыли. В тоже самое время растет спрос на подержанные автомобили.
    “Нутром мы чуем, что автомобиль б/у должен стоить дешевле”,- говорит Джереми Анвил, представитель сайта, торгующего автомобилями,- “но покупатели должны следить за нашей противоречивой реальностью”.
    Обычно б/у автомобиль дешевле нового, но снижение цен и разные финансовые инициативы уменьшают этот разрыв. Например, снижается процент по ссуде на новые автомобили и в итоге при проценте 2,9 за новый и 7 за подержанный, подержанный автомобиль будет стоить на 2,673 долларов дороже. (more…)

  • Продается машина – Фуль:)