News ID : 166
Publish Date : 07 August 2017 - 09:28
Khodrocar reports ;
In the past two weeks, the price of imported cars in the market has increased by 5 to 7 percent, and for some products, this increase has reached to 200 million Iranian Rials, but now by tension in the foreign exchange market, it is anticipated to see an expensiveness, waiting for imported cars in Iran.
According to Khodrocar journalist, blocking car registration website and applying limitations to the importation has had a major impact on the increase of imported cars' price in Iran. The market that now has a share of 6% of the market by offering cars like Toyota, Kia Hyundai, Mitsubishi and DS.

Now, due to the decision to close the ordering website and applying limitations on importing cars and of course rising dollar prices in Iran, what is destiny of this market?

"The wrong strategy of the Ministry of Industry ,Mining and Trade to ban the registrations continues which has led to a decrease in car imports. This will gradually lead to a shortage of vehicle supply.", said Farhad Ehteshamzad, chairman of the Automobile Importers Association, in response this question to Khodrocar. " On other hand, we are observing an increase in the exchange rate which will have a double impact on the price of imported cars. As we can see, at least 7% has been adds to the price of  imported cars."

He adds: The exchange rate in Iran's market has always been a factor affecting the price of imported goods. So the cars have never been the exception and the prices of Iranian manufactured cars has increased as a result of the impact of the exchange rate on car manufacturers' raw materials.

Due to the situation and as a result, the price of imported cars on the Iranian market will be expected to increase dramatically in the near future.

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