Time needed for growth of luxury cars market

By Azernews

By Rashid Shirinov

The luxury car market in Azerbaijan needs time for development, said Ibrahim Ahmadov, Director of Avtolux Azerbaijan Company, which is the official distributor of luxury car brands.

Ahmadov, talking to Trend, said that despite the high interest in luxury cars, this market is quite small in Azerbaijan.

“In general, there is a high interest in luxury brands, but the market itself is small, and the further development of the luxury car market in the country needs time,” Ahmadov said.

However, he added that the demand for luxury cars remains at a good level. “Cars of this category continue to be purchased, especially after the Baku Formula 1,” said Ahmadov.

Nevertheless, he added that the sale of luxury cars in Azerbaijan has declined slightly because of the economic crisis in the world.

“On average, 2-5 luxury cars are sold in Azerbaijan in a year. But I believe that the interest for such cars will grow and the sales will increase in the years to come," said Ahmadov.

Avtolux Azerbaijan has been operating in Azerbaijan since 2012. The company is the official distributor of such cars as Ferrari, Aston Martin, Lamborghini, FCA Group (Fiat, Fiat Professional, Jeep, Dodge, Chrysler, Abarth, Alfa Romeo).