• Auto Market Sees  Price Spikes Again

    US pressure on Iran’s key auto industry coupled with domestic faulty policies have pushed up car prices once again, only a few days after the introduction of the government’s new forex policy which saw the market take a break from its months-long bullish run.
    Over the past few days, car prices have jumped 6 to 20 million rials ($1,420 to $4,760) reacting to the news that President Hassan Rouhani’s administration might implement “free market reforms” in the auto industry and cut the state-backed Competition Council out of the price-setting process.
    The Competition Council is a state body which when it comes to the auto industry is in charge of setting the price of vehicles under 450 million rials ($10,714). 

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Read the latest news about Iran’s automotive industry, market trends, output figures, & import data, along with updates about Iran Khodro, Saipa and Pars Khodro

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