Caucasus Auto Import: Second-hand car prices may further soar

Caucasus Auto Import: Second-hand car prices may further soar

access_time2022-11-16 10:00:39

Giorgi Surguladze, Director of Caucasus  Auto Import, says that  in 2022  prices of second-hand vehicles have hiked by 20-30% compared to the same period of last year, but this is not the price hikes cap and the trend will continue.

Prices will stabilize as they cannot rise indefinitely but still we don’t expect  a downtrend,” he notes.

Giorgi Surguladze  believes the surge  in prices is caused by high demand for used cars from the United States.

“As for  imports, more budget cars are the most in–demand  but as for re-exports, both cheap and expensive cars are popular,” he points out.


The  company’s  re-export share increased to 60%  in its total  turnover.  Caucasus Auto Import imports cars to Tajikistan, Uzbekistan, Kyrgyzstan, Kazakhstan, Moldova and Russia.

Ukraine accounts for  about 20% of the total  re-exports, but this market is closed due to the war, it is replaced by the countries of Central Asia  and now Ukraine accounts for only 3-4% of re-exports.


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