Car Deals Put on Hold

Following a total ban on car imports as per a directive signed on June 20 by the industries minister, vehicle prices have once again hiked in Iran’s market, with many putting their plans to purchase a car on hold.
Head of Tehran Auto Dealers Association Saeed Motemanni told Asre Khodro that since Saturday and with the implementation of a sweeping import ban on many commodities including vehicles, the car market has seen zero trades and has become stagnant.
The suspension of car imports since Saturday which heralds an imminent scarcity of foreign-made vehicles has driven prices to unprecedented highs, with a knock-on effect on the costs of locally made cars.