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Iran Auto Output Down 32%

The output of two major Iranian carmakers, Iran Khodro and SAIPA, has slid further. IKCO observed a 35.8% YOY decline in the eight months to Nov. 21 while SAIPA’s production rate dropped 17.2% year-on-year
Iran Auto Output Down 32%Iran Auto Output Down 32%

Iran’s automotive output fell by 32.3% during the eight months ending Nov. 21 compared to a year earlier.
According to data announced by the Persian economic daily Donya-e-Eqtesad, Iran produced 487,096 passenger cars during the period.
Previously, the Industries Ministry regularly published statistics about car production. However, following consecutive declines, the ministry stopped the practice.
The following data are extracted from the financial statements submitted by automakers to Tehran Stock Exchange:
The number of passenger vehicles produced during the period was 445,774, 32.8% lower than the figure registered in the corresponding period of last year...

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