IME Expected to Restore Some Calm to Auto Market

One thousand Peugeot 207s were sold at the Iran Mercantile Exchange on Monday within an hour after trade opened.
The cars were offered at an average price of 3.43 billion rials ($9,616). Adding “other costs” at the major trading center, the final price of each sedan reached 3.91 billion ($10,967), IRNA reported. It was not clear what the “other costs” were related to.
The final price, however, was almost 500 million rials lower than the market price based on data from online auto trading platforms. IME has said that the vehicle will be delivered to buyers by mid-February. 
Last week Iran Khodro Company (IKCO) said it would offer 1,000 Peugeot 207s at the IME. The base price of the car was set at 1.87 billion (around $5,234) and the key condition was the full price should be paid in advance.