75092
Half-Hearted Welcome for Peugeot 508
Half-Hearted Welcome for Peugeot 508

Half-Hearted Welcome for Peugeot 508

Half-Hearted Welcome for Peugeot 508

Peugeot 508 that entered the Iranian market through imports in July has failed to draw the attention of luxury sedan lovers. The vehicle is imported by Iran Khodro as part of a joint venture between IKCO and Peugeot. Seemingly the unreasonably high price imposed by the Iranian firm has discouraged car buyers, local automotive website Asbe Bokhar reported. While the 2017 model is currently sold for $28,500 in the international market, IKCO has priced it at 1.85 billion rials ($46,250). Curiously, according to Tehran-based car dealers the model is changing hands for some $4,000 less in the market. Since introduction the model has faced-off with Renault Talisman, Hyundai Sonata and DS 5LS, which fall in the same price range, a challenge Peugeot has apparently failed to meet. The 508 is a family sedan and is equipped with a 1.6-liter, 163 horsepower, four-cylinder turbo engine and the output is managed by a six-speed automatic transmission.

Short URL : https://goo.gl/FyJ4Lm
  1. https://goo.gl/x9rRCv
  • https://goo.gl/4e2AZr
  • https://goo.gl/d6ozB2
  • https://goo.gl/LXKMLG
  • https://goo.gl/DDkwVu

You can also read ...

Iran Welcomes Cryptocurrencies
Iran’s High Council of Cyberspace, one of the main entities...
Iran the ‘Most Dynamic’ Asian Nation in ICT Sector
The latest data on ICT development from International...
Gold Rally Cools, Not Its Bubble
 After gold coin’s continued rally in the past month, which...
Greenhouse Cultivation Up 38%
The area under greenhouse cultivation in Iran presently spans...
S. Korea Shifting Iran Focus From Trade to Investment
The South Korean ambassador to Iran said Seoul is shifting...
Tehran Hosts Int’l Home Appliances Expo
Tehran is hosting the 17th International Exhibition of Home...
TEDPIX Ends Trading Week 1.5% Higher, IFX Up 2%
Tehran Stock Exchange’s main index TEDPIX gained 1,333...
Life Insurance in Iran Underdeveloped
The share of life insurance in the overall portfolio of the...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus