6% reduction in car prices

According to Tejarat News, How much did car prices fall as a result of recent dollar fluctuations?

Kazem Mohammadi Nikkhah, a car market expert, said about the situation in the car market: “Currently, there is no buying and selling in the market, and the car market is hibernating.”

“Given the fluctuations in the price of the dollar, we can not hope that the price of the currency will remain stable and the rate will probably rise,” he said.

Mohammadi Nikkhah stated: At present, the price of a car is 14% different from the factory to reach the consumer. For example, in the past, our cars were priced at 675 million tomans in the factory, but when they reached the consumer, they were traded at 800 million tomans. Now this price difference has decreased compared to previous months.

He continued: the price of the car is affected by the price of the currency and as long as there are currency fluctuations, the price of this product will not decrease.

“I hope that next year, with the support of the President and the Minister of Industry, Mines and Trade, the supply of cars will increase and the car market will prosper,” he said.

Prices of popular cars

Tiba hatchback model car reached the price of 202 million Tomans.

Peugeot 206 Type Two reached the price of 268 million. The Peugeot 206 Type Five is also available in the market at a price of 325 million.

Predict future car prices

Firooz Naderi, a car market activist, said about the car market: “The supply of cars to the market has accelerated, and if it continues in the same way, prices will decrease.” Although prices have fallen, supply and demand in the market have decreased. People are waiting for further reductions in car prices.

He added: “At the moment, the market is in a commensurate state and will continue to be so.” Prices are expected to fall further at the end of the year, as in previous years.