Despite a prolonged stagnation in Iran's auto market due to skyrocketing prices which have bewildered buyers and put the brakes on auto deals, local parts makers have signaled another wave of price jumps.
Suppliers, displeased with their fortunes and in the face of surging production costs and the current raging inflation rate, are not satisfied with the already exorbitant car prices and have yet again called on authorities to give the go-ahead to the carmakers to jack up car prices once more. Suppliers argue that higher car prices would enable automakers to pay their outstanding debts to them.
July 28, 2018 17:19
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New Wave of Car Price Hikes on Horizon in Iran
Iran’s auto parts makers association has called on the government to deregulate Iran’s auto market and give makers further leeway in determining prices in return for halting allocation of subsidized currency to the industry
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