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Iran Auto Market: Car Prices Double!

The Consumer and Producer Protection Organization and major carmakers have reached an agreement that says car prices at the factory that are under 450 million rials ($4,360) will jump between 50-130%
Car Prices Double!Car Prices Double!

Iran Consumer and Producer Protection Organization (CPPO) and local automotive companies have reached an agreement to jack up factory prices between 50-130%.
After a long fracas, the CPPO and major carmakers Iran Khodro and SAIPA, have reached an agreement that says  car prices at the factory that currently cost under 450 million rials ($4,360) will jump between 50-130%, informed sources told the Persian-language economic newspaper Donya-e-Eqtesad,  a sister publication of the Financial Tribune.
According to prices introduced by the Industries Ministry, cars made or assembled inside the country are categorized into two price groups: under 450 million rials ($4,360) and above.

 

 

Maker Model Current Factory Price (m IRR) Forecast Factory Price (m IRR)
SAIPA Pride 131 230 345
Tiba 270 440
Tiba 2 310 500
IKCO Peugeot 405 330 495
Peugeot 206 Type 2 360 610
Peugeot 206 Type 5 420 710
Samand 340 575

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