Car price forecast by the end of the year / wait for car price reduction?

According to Tejarat News, Iranian and foreign cars became cheaper on Eid night. It seems that with the decrease in car prices in the Iranian market, buyers and dealers have retreated from this market.

Surveys show that the price of Iranian cars fell on Wednesday (March 9, 2014) due to cheap negotiations. Car exhibitors say that the price of some Iranian cars has dropped by between 10 and 15 million tomans in the last week.

What was the price of Iranian cars?

For example, the Pride 111 car reached the price of 185 million Tomans. Pride 131 was also traded at the rate of 170 million Tomans. Dena Plus automatic 1400 model car was reduced by three million. This car is available in the country’s car market at a price of 475 million Tomans.

Will the end result of the negotiations make the car cheaper? “Car prices fell as a result of the negotiations,” a car market activist told Trade News. Forecasts indicate that the downward trend in car prices will continue due to declining demand.

Firooz Naderi explains: The price of Iranian cars has dropped between 10 and 15 million tomans in a recent week. The news of the release of foreign cars has also affected the price of luxury cars.

Cheap 50 to 60 million Tomans for foreign cars

He continued: cars worth about one billion and 500 million tomans became cheaper between 50 and 60 million tomans. Now not only domestic car buyers but also luxury car buyers have retreated from the market.

Naderi said: “Since the president visited the car industry, the supply of Iranian cars to the market has increased.” Now the market is faced with a large supply of cars. The price of Iranian cars is expected to fall by another three to five million by the end of the year.

Earlier, the world of economics wrote: “Citizens have hoped to reduce prices, improve quality and increase supply, and on the other hand are reluctant to buy a car.”

To read more, read the announcement of the car import tariff in 1401.