Iranian, Assembled Car Prices Dip

The prices of Iranian and assembled vehicles in the domestic market have declined, following car imports and an increase in car supply.
Their prices registered an 8-15% decrease since the beginning of the second month of the current fiscal year (April 21), the head of Tehran’s Car Showrooms Union said on May 7.
“The main reason behind the decline in prices is the higher supply of cars by domestic automakers. With the first shipment of imported cars after about five years, the import taboo was broken and this also helped reduce prices,” Saeed Motemani was also quoted as saying by IRNA.
He added that government officials have come to the conclusion that car imports are necessary to reduce inflation in the automotive market.