Is car cheapness real? – Trade News
According to Tejarat News, According to forecasts, will car prices decrease?
Quoted from the world of economy, Car price trend decreased in January compared to December. According to the data of the online market (wall), the car has faced a growth of 6.7% in December, which decreased by about 30% to 40% in January. In December of this year, car prices from the beginning saw a growth of 18%, while prices in the market, contrary to expectations, did not grow by 18% in the prices of Iran Khodro and Saipa. The promise of increased production and supply, a reduction in the exchange rate, and the continuation of the Barjami negotiations and the relative outflow of capital from the car market, were effective in preventing the maximum growth of prices.
However, prices declined in January compared to December, from 6.7 percent to 40 percent. With this situation, however, car market activists emphasize that the market is stagnant than ever and transactions are in recession. On the other hand, these market participants emphasize that the supply of cars by the automaker has reached its lowest level and has not progressed as promised by the car policy maker.
Along with an 18% increase in prices, the car policymaker promised to increase the production of 130,000 cars by next year by the end of the year. This is in the context that the lack of microchips and the non-payment of the debts of the parts manufacturers have prevented more supply of the car in January. On the other hand, some news reports about the growth of depot cars in the parking lots of car manufacturers, cars that cannot be commercialized due to defective parts. Thus, the question that arises is how, with a small supply, prices have decreased in January compared to December?
The impact of Borjam on the car market
In this regard, some market participants emphasize that the uncertainty of Borjam has caused the car market to stagnate like other markets. On the one hand, car applicants have stopped buying in anticipation of the end of Borjam and are waiting for the miracle of price reduction in the market, and on the other hand, sellers are following the news related to Borjam negotiations and being aware of the situation of the country’s car industry. They have no incentive to offer. However, supply may occur in the last month of the year with peak demand.
Thus, it seems that if the car manufacturers are not able to supply more cars in February and March, due to the proximity of the Nowruz holiday, due to the proximity of the Nowruz holiday, prices will surely rise again.
However, a review of the statistics of January this year compared to January of last year, which are extracted from online market data (wall), also shows a 22% growth in prices. What is clear is that in January of last year, with the US presidential election, many markets, including the car market, fell in price, despite the fact that in January of this year, not only the problems of the car industry were not reduced by sanctions, but also the lack of electronic microchips. It has also caused more and has grounded the country’s car industry in a way.