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How does the decrease in automobile imports to the country affect prices? – ANALYSIS of “Kaspi”.

Azerbaijan reduced car imports by 10 percent. Thus, in January-July of this year, 51,179 vehicles for various uses were imported into the country for a value of 944 million dollars. According to the State Customs Committee, in seven months, the import of motor vehicles designed to transport 10 or more people, including the driver, increased by 62.5 percent, up to 130 units, while the import of passenger cars and other Motor vehicles designed primarily for transporting people increased by 12. They decreased by 6 percent and amounted to 46,017 units.

11,276 of these vehicles are vehicles powered by an internal combustion engine in addition to an electric motor, and 1,792 are vehicles powered solely by an electric motor.

Previously, we rarely saw a decline in car imports into the country. I wonder what the reason for this decrease is. Can we consider this as a decline in interest in cars in the country?

“Caspian” The newspaper published an article on the subject.

Although imports have decreased, the quantity has increased

Eyyub Aliyev, executive director of the public union “Azerbaijan Automobile Dealers Association” (AADA), told the newspaper “Kaspi” that although the number of imports decreased, an increase in the volume of imports was observed: “We observed it in The first quarter also compared to last year, the number of imported cars there was a decrease, but this quantity was not affected at the end of the semester, there was a decrease in the number of cars imported into the country “It is useless for the country. . Expired cars are not brought. This is a step towards the renewal of our car fleet. I hope that from now on healthy cars arrive in the country.”

If the cars that arrive in the country cost between 8 and 10 thousand manats…

Regarding the reasons for the increase in the amount due to the decrease in imports, the expert highlights that because new cars are brought to the country, their prices are different from the others: “They do not allow cars with more than 10 years, lack of interest In this type of vehicles, the importation of old vehicles is prevented in the taxi business. The prices of new vehicles are also different from those of others, if the cars that arrived in the country cost between 8 and 10. thousand manats, the new ones cost between 8 and 10 thousand manats. Naturally more expensive than these prices.”

Has the number of car enthusiasts increased?

I wonder if not releasing old cars has reduced the number of car enthusiasts in the country. According to the director who answered our question, the interest not only decreased, but also increased: “Even the interest in green, electric and hybrid vehicles is increasing day by day. If we look at the import statistics for 2022 and 2023, We see an increase of 8 to 9 times in the number of electric cars. We hope that there will be an increase in 2024. I would like to recommend it to people who want to buy cars, because they give you a guarantee and you have no problems with imported cars we lose in terms. of time”.

Traders are already following it

The expert emphasizes that the decrease in imports has positive consequences on the automobile market: “Bringing and selling expired and discarded cars in some country was a negative situation for us. Now, after certain requirements imposed by the State, those who bring cars individually “(Dealers) also comply with this, the cars they bring are increasingly healthier. They are forced to import less, but they bring healthy cars.”

Is the price of a car increasing?

Transportation expert Yasin Mustafayev also confirms that restrictions on the year of manufacture of vehicles recently imported into the country, the promotion of electric cars, restrictions on built infrastructure and taxi activity have a direct impact on imports and prices: “This is the reason why the decrease in imports had no limit, vehicles of any age were brought into the country, but now this is not the case. The second reason is that the production history of automobiles used in the activity of taxis is not more than eight years old. This affects prices and imports.

The goal is to update the parking

The expert states that the main objective is the renovation of the parking lot: “There are now many old cars on the market. Over time, their number will decrease and the parking lot will be modernized. 10 percent of the vehicles in use are new and the rest They are old, even the year of manufacture is more than 10 years old. 20 percent are small and 80 percent are old. The introduction of innovations reduces the number of imports and increases the average price per car.

Source

Jeffrey Roundtree
Jeffrey Roundtree
I am a professional article writer and a proud father of three daughters and five sons. My passion for the internet fuels my deep interest in publishing engaging articles that resonate with readers everywhere.
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