The Azerbaijan Chamber of Appraisers (ACA) says the median price of car listings climbed 3.7% in October to 19,500 manats. The chamber attributes the rise not to actual price inflation but to a shift in the brand mix of vehicles on sale.
According to the Azerbaijan Chamber of Appraisers (ACA), the total number of car listings fell 7.0% in October to 37,531, while the average price rose 1.9% to 30,089 manats. In the budget segment, the share of VAZ-brand listings slipped from 9.4% to 8.8%, and KIA’s share dropped from 7.5% to 5.7%. By contrast, pricier brands such as Mercedes, Hyundai, Toyota and BMW gained ground in the listings, pushing the overall median price higher.
To isolate the effect of this shift in supply structure, the chamber calculated two separate indices using December 2025 as the base period. A variable-structure index covering all listings rose 3.7% over the month to 112.7 points, while a fixed-structure index tracking only nine popular brand-model combinations moved just 0.4%, reaching 104.2 points. The 3.3-point gap between the two indices is entirely explained by changes in the composition of listings rather than genuine price growth.
An analysis of 7,156 listings that remained on the market in both September and October found that prices were cut in 39.6% of cases and raised in only 8.9%, producing an average decline of 1.5%. The chamber says this confirms there is no artificial price inflation in the market.
Price moves in the mass-market segment
After a 1.1% increase in September, prices in the mass-market segment were broadly flat in October. Among models in the fixed basket, the Hyundai Sonata rose 2.4% to 23,750 manats and the Ford Fusion gained 1.6% to 18,500 manats. The Opel Astra (9,400 manats) and Ford Transit (19,000 manats) each rose 1.1%, while the Hyundai Elantra (21,500 manats) edged up 0.5%. The VAZ-2107 held steady at 5,500 manats, while the KIA Sorento (34,800 manats), Chevrolet Cruze (13,300 manats) and Hyundai Santa Fe (28,500 manats) fell 0.3%, 0.7% and 1.4% respectively.
The ACA’s analysis shows that 51.2% of listings are priced below 20,000 manats and 22.9% below 10,000 manats, while cars priced above 50,000 manats make up 13.0% of the market. The median model year remained unchanged at 2013, while median mileage dropped by 3,000 kilometres to 190,000 kilometres. Cars older than 13 years account for 52.2% of listings and those up to 3 years old for 16.4%, and new cars, with a median price of 44,300 manats, for 8.2%. Baku accounts for 66.9% of listings with a median price of 23,900 manats, while the rest are spread across cities such as Sumgayit (6.6%) and Ganja (4.3%), where the median price stands at 12,500 manats.
By fuel type, petrol cars lead with 66.7% of listings, followed by diesel vehicles at 20.4%, while hybrid and electric models together account for 12.9%. There were 496 listings for electric vehicles, with a median price of 50,750 manats. By body type, sedans account for 43.9% of listings and five-door SUVs for 29.6%, while automatic transmissions dominate with a 72.2% share. By brand, Mercedes leads with 15.1% of listings, followed by Hyundai at 10.9% and LADA at 8.8%. Among Chinese manufacturers, Changan ranks ninth with 1,463 listings, while BYD and Geely recorded 348 and 231 listings respectively.
A hedonic pricing model built on 25,063 listings covering the 120 best-selling brand-model combinations found that each additional year of a car’s age lowers its price by 5.8%, while each additional 1,000 kilometres of mileage reduces it by 0.037%. Cars with manual transmissions are priced 8.3% lower than automatic equivalents. Vehicles that have been in an accident and repainted sell for 7.5% less, while unrepaired accident-damaged vehicles sell for 23.1% less. The chamber advised buyers and sellers to rely on specific technical parameters rather than the overall median figure, and recommended that appraisers use the fixed-structure index together with updated hedonic coefficients.
The Azerbaijan Chamber of Appraisers regularly publishes monthly indices covering the real estate, automobile and construction sectors.
