5 years of waiting to buy a car! / What signal did the car IPO give to the market?

According to Tejarat News, the sales highway car There is a lot of traffic in the commodity exchange. After a long queue of domestically produced cars, now imported cars are parked at the back of the market.

In the meeting of the acceptance board of the Iran Commodity Exchange, 19 thousand units of Changan products (Saipa Automobile) and 2 thousand 140 units of Kia products were accepted as the first imported cars in the commodity exchange.

A few days ago, the products of “Dena” group (Iran Khodro Company) were accepted for sale in the commodity exchange. With this amount of car supply in the commodity exchange, the car lottery has been practically dismantled.

According to the spokesman of the Ministry of Security, the car lottery will still be conducted according to the previous procedure for cars that have not yet been offered in the stock market and has not been removed. But there are not many cars left for the lottery.

The car jumped out of people’s hands

It seems that only those who can hope to buy a car at a lottery price are those who are included in the outdated plan or the youth of the population. Entries in car sweepstakes were in the millions, but only a limited number of cars were sold.

In fact, the chances of winning the lottery were so low that it was not justified to sign up for them. But the low price of the lottery cars attracted people to sign up.

For example, in the lottery at the beginning of September, 4,794,166 people applied for 4,000 cars. Therefore, the chance of each person winning was 1 in 1243. In fact, there is more than 1200 demand for each car.

But now with the release of the car in the commodity exchange, that minimal chance has disappeared for a group of people. Meanwhile, the price of Peugeot 207 in the lottery was 325 million tomans, but it is sold at the price of 460 million tomans in the commodity exchange. (This car was traded in the stock market at a price of 400 million tomans, which, with additional costs and taxes, costs the buyer 460 million tomans.)

In fact, those who intend to buy Peugeot 207 could buy it 135 million Tomans cheaper in the lottery. Because its stock market price is 41% more expensive than the lottery price.

Now Dena Plus is going to be added to the list of stock cars. In the extraordinary sales plan of Iran Khodro for Mehr 1401, the price of Dena Plus was 398 million Tomans. If it is to be priced according to the Peugeot 207 formula, it will probably be traded at a price of 560 million tomans.

Although the listing of cars on the stock market creates the most profit for the car manufacturer, the hands of the people, especially the consumers, are reduced from buying cars.

Very difficult conditions for buying a car

A stock car costs at least 350 million tomans. If a person with a salary of 6 million tomans wants to buy a car from the commodity exchange, he must save his salary for 58 months. It means that it will take 5 years for this person to own a car, even if the price of the car remains constant during these 5 years, which is almost unlikely!

5 years ago, the price of Pride was 22 million tomans, but today it is 265 million tomans, which means it has grown by 1100% (equivalent to 243 million tomans) during this period.

Peugeot 207 automatic also has 1185 percent from 5 years ago until now, that is, it has reached 720 million tomans from 56 million tomans. However, the salary of the Ministry of Labor has increased from 900 thousand tomans to 6 million tomans, which means it has increased by 566%.

Therefore, the hope of owning a car these days has been lost for many people.

The increasing signal of the commodity exchange to the market

On the other hand, with the sale of cars in the commodity exchange, the dealers were supposed to withdraw from the car market and the prices would become real. For this reason, since the beginning of October, the supply of cars in the stock market intensified and reached several thousand units in the last two weeks. But this listing of car sales was expensive for the market. Because the price of cars in the market started to grow from mid-autumn.

The current stoppage of price increases in the car market also seems to be affected by other factors such as the control of the dollar price in the currency market and the arrival of the first shipments of foreign cars.

Read more reports on the Auto News page.