The details of the car supply were announced in the commodity exchange

According to Tejarat News, following the approval of the supply of cars in the Commodity Exchange by the Supreme Council of the Stock Exchange, the spokesperson of the Ministry of Security explained the details of the approval of this organization to the supply of cars in the Commodity Exchange (while it was canceled once before) and emphasized that the supply of all The cars will be sold with the approval of the ministry and it will be formed for the cars whose supply is equal to or more than the demand.

ISNA He wrote, during the 229th meeting of the Supreme Council of the Stock Exchange, Minister Samet announced the valuation of Iran Khodro and Saipa and agreed to offer some cars in the stock market.

It is reminded that the order registration of two Bahmanmotor products (Fidelity and Dignity) started on the 11th of June in the commodity exchange and these two cars were supposed to be offered on the 18th of June in the car hall of the commodity exchange. While 430 Fidelity and Dignity devices were supposed to be traded in the commodity exchange on this date, the Ministry of Industry, Mines and Trade (Samat) canceled this supply in two letters.

This issue drew criticism from economic experts and capital market experts and they believed that decisions such as suspending the supply of cars in the commodity exchange can only deepen the emergence of rents and opaque transactions in the car market, and this is to the detriment of manufacturers, shareholders and It will be consumers.

Following that, the Ministry of Industry, Mines and Trade explained in relation to this decision: Considering the gap between supply and demand, the supply of cars in the stock market will lead to an unbridled increase in the price of cars compared to the price of products in the factory; Based on this, a third price may be formed in the market, which is beyond the factory prices and the price in the stock exchange.

In addition, the only difference that the supporters of the car supply in the stock market raise is the manufacturer’s access to the increased price, instead of the dealer. This argument makes sense when it applies to cars that are sold at a loss; Therefore, it is not applicable in the case of high-priced cars that have a fair profit for the car manufacturer.

Now, due to the re-approval of the Ministry of Industry, Mines and Trade to supply some cars in the stock market, we followed up the details of the matter from the Ministry of Security.

From the beginning, the Ministry of Security was not against the sale of cars in the stock market

Omid Qalibaf, the spokesperson of the Ministry of Industry, Mines and Trade, stated: The Ministry of Safety has not opposed the sale of cars in the stock market from the beginning.

In the first stage, the supply in the integrated system, which was against the supply of Bahman Group products (Dignity and Fidelity), was due to the fact that it was decided that all of them should be consolidated in one place, and that it would not be the case that each individual car manufacturer wants to supply a car of its own accord. slow Here, the Ministry of Silence stood firm and canceled the supply of cars in the stock market.

For cars that can be sold without a lottery, it is also possible to sell them on the stock exchange, but with coordination

He added: “This issue was not the only request of the Ministry of Privacy, but the Prosecutor’s Office and the Presidency also requested the issue.” After that, the Ministry of Security felt that there is a possibility of exiting the lottery process for some cars that are produced more than the demand, and of course it is also possible to offer them in the stock market.

In the incident that happened yesterday (Tuesday) in the Supreme Council of the Stock Exchange, in fact, the Supreme Council of the Stock Exchange approved the request of the Ministry of Security to sell cars in the commodity exchange; But on the contrary, it is reported that the Ministry of Security has agreed to the request of the Supreme Council of the Stock Exchange to supply cars. In fact, the Supreme Council of the Stock Exchange has approved the sale of cars with more supply than demand.

The spokesperson of the Ministry of Safety emphasized: Basically, the issue of the sale of cars on the stock exchange was not under the order of the Supreme Council of the Stock Exchange, and the Minister of Safety himself stated that there is a preparation for the sale of some cars on the stock market, but with the coordination of the Ministry of Safety.

Therefore, car manufacturers cannot arbitrarily offer in the stock market or even in the integrated system or free market. This issue is not acceptable from our point of view, but it can be done with the coordination of the Ministry of Security, the supply of cars that will be determined by the Ministry of Security.

The decision taken by the Ministry of Silence, all car manufacturers will be obliged to implement

In response to which cars will be able to be offered, he said: As mentioned, the cars whose production is equal to or more than the demand for them can potentially be offered in the stock market, but this potential does not mean that the Ministry silence, to allow; Therefore, it needs to be investigated.

For example, let’s assume that the Ministry of Security decides to sell SUVs in the stock market; In this case, all car manufacturers, including private and semi-government sectors (Iran Khodro and Saipa), which produce SUVs, should be listed on the stock market. All models and by all manufacturers must be in the stock market only.

It is emphasized that this supply of SUVs is only an example to understand the subject and purpose.

Qalibaf clarified: In the case of cars whose demand is much higher than production and currently they are not relevant for stock exchange, naturally, if they are to be sold on the stock exchange, competition will be formed among buyers and a third price will be formed, which will signal the market. and its confusion; Therefore, such cars are not available in the stock market.

Regarding the implementation time of this decision, he also said: the issue is under further investigation and no decision has been made yet for the exact time of implementation of these cars in the stock market.