Car Deals Put on Hold
Car Deals Put on Hold
Thursday, June 28, 2018

Car Deals Put on Hold

Thursday, June 28, 2018

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.


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/SXV3zQ
  1. https://goo.gl/aeLix9
  • https://goo.gl/pLhj3T
  • https://goo.gl/rgQs1p
  • https://goo.gl/P3xKXE
  • https://goo.gl/j5JdZR

You can also read ...

Europe May Tap Cryptocurrencies to Shield Iran Against US Sanctions
The European Union may opt for digital currencies in its...
Iran’s net hot-rolled coil consumption was 5.6 million tons in 2017, of which 0.8 million tons were imported.
Russia and Kazakhstan are temporarily stepping back on sales...
Secondary Forex Market: Corruption Loopholes Abound
Two goals set have been set for the recent establishment of...
EU foreign policy chief, Federica Mogherini, hailed the imposition of the blocking statute on Monday as a “consistent step forward”.
As it races to save the Iran nuclear deal, the European Union...
Colza Production Exceeds Expectations
The government has purchased more than 300,000 tons of colza...
Hashtgerd Subway Station Construction Underway
Iranian authorities are pushing ahead with construction plans...
Plastic Production Plant Launched in Chabahar
A factory producing different kinds of plastic products was...
Interbank Rate Tweak to Impact Interest Rates
Officials at the Central Bank of Iran have announced the...

Add new comment