New signals for car stocks

According to Tejarat News, the capital market experienced a slight growth yesterday and the total index was in the range of one million and 476 thousand units. Yesterday, the homogeneous index, however, fell and was in the channel of 422 thousand units.

Yesterday, the automotive and petrochemical groups were ahead of the other groups due to receiving positive signals and were effective in the general movements of the stock market.

Yesterday, the head of the stock exchange organization, in a letter to the Minister of Economy, called for a re-examination of the issue of mandatory pricing of the automotive industry and the manufacture of parts in the Competition Council and a halt to mandatory auto pricing. This signal had a significant impact on the trend of cars and most of the symbols of this group became positive.

In an interview, Minister of Silence Fatemi Amin also stated his opposition to the car lottery and said: “We have a detailed plan and plan for managing the car industry in the next few weeks and we will discuss it.” (Reporters Club)

According to some experts, if the car lottery plan is eliminated, the car sales rent from the factory to the buyers will be lost, and as a result, the shareholder will not have to pay the carmaker’s losses.

In extraordinary sales plans, some cars are offered to buyers with very high price differences with the market. The price of the dollar and the difficulty of importing auto parts, the sale of each car at the price that the factory announces in the extraordinary sales plans, has no economic justification for the factories and only leads to their loss.

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