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Iran: Major Makers Endeavoring to Quench Market Thirst for Cars

In recent weeks, car prices have been on a bullish run in Iran’s auto market with demand for new vehicles skyrocketing. In a move aimed at calming the markets, major manufacturers SAIPA and Iran Khodro are to collectively pre-sell 90,000 vehicles
Major Makers Endeavoring to Quench Market Thirst for CarsMajor Makers Endeavoring to Quench Market Thirst for Cars
dealers are charging people over 450 million rials ($4,610) for SAIPA’s Pride, which used to be sold for about 200 million rials ($2,049) a few months back

Two leading car manufacturers Iran Khodro and SAIPA are to offer 90,000 vehicles in the coming days to meet the overwhelming public demand for vehicles so as to help balance supply and demand to curb the exorbitant prices.
CEOs of the two car companies went on live national TV programs on Sunday night to voice their grievances and win the people’s sympathy by shedding light on the roots of the car price hikes.
One of the most important talking points of SAIPA CEO Mohsen Qasem Jahroudi was the announcement that the firm is to offer 50,000 vehicles through their website starting from 10 a.m. local time on Wednesday, a promise which was realized, however with some twists and turns.
Furthermore, Iran Khodro CEO Hashem Yekezareh said his company will put up for sale 40,000 vehicles starting from next week. He did not specify the models.


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