In 2016, Prime Minister Hovik Abrahamyan announced about the optimization of the state stock of vehicles. More than 1200 cars were alienated. Most of them were produced in 1980-1990, were not functional, and were not used anyhow. In fact, the government got rid of corroded metal.
However, in line with cars not fit for operation, a number of new cars were also sold with prices that were much lower than the market price.
380,000 AMD worth Hyundai
The photo shows the 2008 Hyundai Tucson car. It was used by the Prosecutor’s Office, bearing the 085 GG 01 license plates. The car of the same year of production is on sale for 5800 USD (or 2,781,100 AMD) in auto.am website. However, the Department of State Property Management alienated it with 380,000 AMD.
226,000 AMD worth Nissan Maxima
The next car sold with a low price is the 2003 Nissan maxima sedan. The same car of 2001 production is on sale on Auto.am website for 1,600,000 AMD. However, the car was sold for 226,000 AMD.
Mitsubishi pajero V6: 580,000 AMD
The market price of this car is about 3,000,000 AMD. However, it was sold for a price 6 times lower than the market price, namely 580,000 AMD.
Nissan Tiida for 60,000 AMD
The 2008 Nissan Tiida used by the Police was sold for 60,000 AMD. The market price of this model is 2,300,000 AMD.
Hyundai Sonata: 1,100,000 AMD
This 2007 sedan was sold for 1,100,000 AMD, while the market price is 2,800,000 AMD.
The alienation process of the cars continued in 2018 as well.
Thus, on April 9, 2010 Nissan Sunny car was sold for 720,000 AMD. The market price for the car is 2,300,000 AMD.
Apart from the aforementioned cars, 2008 Toyota Corolla crashed car used by the Police was sold for 57,000 AMD. Note that even the car lights are more expensive than the sale price. Even if this car was sold as a spare part, its price should have exceeded 57,000 AMD by at least 10 times.