Iran Auto Output Drops in Q1

Iran’s automotive output decreased by 1.14% during the first three months of the current Iranian year (March 21-June 21) compared to the year-ago period.
According to data released by Securities and Exchange Organization on Codal.ir, 200,828 sedans were produced by three major automakers, Iran Khodro Company (IKCO), SAIPA and Pars Khodro, during the three months. In last year’s corresponding quarter, the figure was 203,160. 
IKCO’s output rose to 96,678, which is 0.1% higher year-on-year. Peugeot models had the lion’s share with 69,077 cars during the period and Dena was IKCO’s second most popular model with 12,479 units. 
SAIPA produced 79,520 vehicles during the three months, marking a meager rise of 0.02% YOY. Tiba models topped the company’s production chart with 39,586 units. 
The only output downtrend was registered by Pars Khodro, with a 9.23% fall, as it produced 24,630 vehicles during the first quarter compared to 27,136 in the year-ago period.
The production rate of automakers in the month ending June 21 has also declined, falling by 1.07% compared with the year-ago month when 85,903 units were produced.