82868
The forex volatility has drawn money away from the auto market.
The forex volatility has drawn money away from the auto market.
Sunday, March 04, 2018

Tehran Car Sales Decline

Market observers usually expect demand for cars to increase sharply during the closing days of the current fiscal year (ending March 20), but industry insiders report that demand for vehicles has plummeted
The recent surge of 18-80 million rials ($380-1,700) in car prices and volatility in the foreign exchange market are the two main reasons behind the low vehicle demand
Sunday, March 04, 2018

Tehran Car Sales Decline

While carmakers and auto dealers expected a surge in demand during the closing days of the current Iranian year (ending March 20), the head of Tehran Auto Dealers Association said car sales have plummeted.
“In the past three weeks, the auto market has observed a sharp fall in demand,” Saeed Motemani was also quoted as saying by Young Journalists Club.
As is customary in Iran, demand for goods from food to vehicles spikes as the year comes to an end and families prepare for the New Year holidays. However, according to Motemani, demand for vehicles has fallen below projections.
"The price of locally manufactured vehicles has registered a hike of 18-80 million rials ($380-1,700) over the past few weeks," he said. 
 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/afx7UP
03/04/2018
  1. https://goo.gl/E9YabB
  • https://goo.gl/mJbJuU
  • https://goo.gl/k4tKX3
  • https://goo.gl/L3M55o
  • https://goo.gl/Lv6kFv

You can also read ...

Forex Rates Decline Continues in Tehran Market
The currency market in Tehran stabilized further on  Sunday...
Trump Tactic to Sanction Swift May Not Work
The Trump administration abandoned the Iran nuclear deal this...
Iran's 9-Month Trade With China Grows 1.8% to $29b
China remains the top customer of Iran’s oil and non-oil goods...
36% Rise in Iran's Cigarette Tax Revenues
The government earned 2.5 trillion rials ($17.48 million) from...
Snapshot of Iran's Nomadic Economy
The findings of the recent National Population and Housing...
Iran H1 Steel Exports Top 3.5m Tons
Major Iranian steelmakers exported a total of 3.51 million...
Organic Crop Production to Be Piloted in 4 Provinces of Iran
Four provinces of Khuzestan, Fars, Isfahan and Zanjan have...
Q1 Production Index Signals Lackluster Industrial Performance
Iran's major industries staged a relatively weak performance...

Add new comment

Trending

Googleplus