The car market is in complete recession and there are almost zero transactions

Online Economy – Fatemeh Javadi; Saeed Motmani, head of the Tehran Automobile Dealers and Exhibitors Union, told Ekhtaz Online about the current situation of the market: the automobile market is in complete recession, customers visit less and transactions are almost zero.

Motmani added: It is possible that the price of a car fluctuates by 1 to 2 million per day, but overall, there is no change and the prices have remained stable in the last ten to fifteen days.

He continued: The prices that have been reduced before have been maintained, the price of 10 billion cars is about 2 billion; 5 billion cars, about one billion and 200 million tomans; 4 billion cars, about 1 billion; The price of 3 billion cars is about 700 million tomans; 2 billion cars have decreased by about 600 million tomans and 1 billion cars have decreased by about 100 million tomans.

The head of the Tehran Car Dealers and Exhibitors Union stated that the market is indecisive due to the issue of import of used cars, and said: the government has not yet commented on the details of this law, regulations and tariffs, all these matters should be clarified, then registration of orders will be done and it will be known. How many days will the car enter the country to show its market. If this does not happen, the market will continue its trend. Before Eid, they said that the import of new cars was released, a series of order registrations were also done, but the final result has not yet been determined.