Talks Underway to Tame Iran’s Unruly Car Market

Tehran Auto Dealers Association has been holding talks with authorities and carmakers offering proposals on market management so as to rein in the auto sector's chaotic conditions and control the skyrocketing prices which have stunned the public.
The association's director is of the opinion that if carmakers were to refrain from offering vehicles through wholesales to unofficial distributors and increase supply, the market would recover, IRIB News reported.
Iranians in recent months have seen car prices shoot up as US President Donald Trump's opt-out from the historic nuclear deal hit Iranian markets hard, initiating sharp hikes in foreign exchange rates in local currency markets and consecutively wreaking havoc on the key automotive sector.
Head of the Tehran Auto Dealers Association Saeed Motemanni says they have submitted proposals to the Consumers and Producers Protection Organization (CPPO).