Does the stock market balance the car market? – Tejarat News

According to Tejarat News, the deputies of the Ministry of Security in a meeting with the senior managers of the stock exchange reached 6 agreements to balance the car market.

From 7:00 a.m. today, a meeting was held with the presence of Manouchehr Lagigi, Deputy Minister of Transportation Industries of the Ministry of Security, Abdullah Tawakli, Director General of Automobile Industries of the Ministry of Security, Reza Mohtashmipour, Deputy Minister of Mines of the Ministry of Security, and directors of the Iran Commodity Exchange.

In this meeting, it was decided to balance the car market:

1- The car supply floor table and the monthly production plan by model should be announced by the Ministry of Safety to the commodity exchange and be the basis for approval of supplies and transactions.

2- The Commodity Exchange should confirm the amount of supplies on a weekly, bi-weekly and monthly basis so that the floor of monthly supplies is respected.

3- Regarding the way of supply, it was decided to aggregate the supplies based on the class of cars, high circulation and low circulation and commercial vehicles.

4- Determining the advance receipt of car purchase in a way that fits the market conditions so that the car demand becomes more balanced.

5- Those national codes are able to buy cars in the Commodity Exchange, which have not purchased from the Commodity Exchange or Ministry of Security systems since the beginning of 2018.

6- It was decided to facilitate the guarantee conditions of car manufacturers for the stock market in order to increase the supply.

Source: stamp