The Ministry of Security’s acknowledgment of 2 violations by car manufacturers in the commodity exchange/car production reached the highest level in the last 4 years

According to Fars news agency, citing the public relations of the Ministry of Security, one of the ways to reduce the car price is to increase its supply, and in this regard, the supply of passenger cars increased by 32% in the first 8 months of this year compared to the last 8 months, and also in November. 122,000 units of light and heavy vehicles were produced, which broke the 5-year record in November of this year.

One of the complementary solutions to reduce car prices is the approval of capital gains tax. The capital gains tax plan has been pending in the parliament for two years and as long as the country is deprived of capital gains tax, every market is open for traders and dealers.

In the automobile industry, what was the responsibility of the ministry of integrity was to improve production, which will be mentioned below.

* 32% increase in car delivery to customers compared to 1400

From the beginning of 1401 to the middle of December, compared to the same period last year, the delivery of cars by the two main car manufacturers of the country to customers has increased by 187,000 cars and has grown by 32%. Last year, until mid-December, the country’s two main car manufacturers had delivered 577,000 cars to customers, which has increased to 764,000 cars this year.

* 91% reduction in defective car production in 1401

The production of incomplete cars by the country’s two main car manufacturers decreased by 91% in 2011 compared to last year. Until the middle of December last year, the total number of cars produced with defective parts was 508,000 units, which has decreased to 47,000 units in the same period of this year.

* Zeroing of cars stored in the parking lot of car manufacturers

The number of cars stored in the parking lots of car manufacturers has decreased to almost zero due to component defects in 1401. The total number of parking floor cars in the country’s main car manufacturer was 165,000 units until November of last year, which decreased to 1,618 units in the same period this year, which indicates a 99% decrease in parking floor cars, in other words, its zero.

* The production of all kinds of cars reached the highest level in the last 4 years; 50% more than 2018

The production of all types of cars in the first 8 months of this year reached 748,000 units, which is the highest figure in the last 4 years. Car production in the first 8 months of this year was 15% more than the same period last year, 20% more than 2019 and 53% more than the same period of 2018.

In fact, the inflammation in the car market, the disruption of the balance of supply and demand, goes back to the performance of the previous government, which did not take steps to solve the problems of this industry under the excuse of sanctions, which caused a sharp fall in car production. The automobile industry was handed over to the 13th government in a situation where tens of thousands of incomplete cars were left on the floor of car manufacturers’ parking lots, the debt of car manufacturers to parts manufacturers had skyrocketed, the supply chain of car parts was broken, the losses of car manufacturers were increasing and there was talk of bankruptcy. was in the middle

But in one year of the 13th government, we saw a significant increase in car production despite the continuation of sanctions, which shows that the previous government did not have the will to solve the problems of the car industry and, like other issues of the country, such as the Corona vaccine, only sought excuses and leveraged economic problems to conduct negotiations. and giving more privileges to America. Therefore, it is clear that the main culprit of the car market inflammation is Hassan Rouhani’s government, which had a disastrous performance in the car industry, and it was expected that Site A would mention this fact.

* An expert look at the problems of the automobile industry

The problem of the country’s car market has existed since 2017, and the following reasons have caused turbulence in the car market in the last few years:

1- The decrease in the production of domestic automobile manufacturers from 2017 to half of 2016 and the lack of effort of the previous government to solve the problems of this industry, while the 13th government increased the supply and production of automobiles in the last one year.

2- The production of incomplete cars and their depots in the parking lot of car manufacturers, which could not be offered to the market due to defects and incompleteness.

3- Turning the car into a capital good. In the conditions caused by the macroeconomic variables of the country and inflationary conditions.

4- Invasion of dealers in this market due to the mandated pricing in the products of domestic car manufacturers and the difference created in the market and the boom in speculation.

5- Absence of necessary levers to levy taxes on incidental incomes and windfall profits from speculation (due to the lack of approval in the parliament).

The aforementioned factors caused the car issue to become a blind spot from 2017 to the end of last year. Since the end of last year, with the implementation of transformational programs of the Ministry of Safety, car deliveries have increased by more than 50% this year, and the production flow has practically stabilized this year.

On the other hand, since September of this year, the production of defective cars has practically stopped, and the number of parked cars in parking lots has dropped to zero.

Therefore, one of the factors and a chronic complication that was disturbing the country’s car market for more than four years; It was completely cured, but the issue of the country’s car market has other aspects.

Following the increase in production and then by implementing a successful sales plan through the integrated car system; The products of one of the car manufacturers were removed from the lottery after four years, and practically the other one did not need to continue the plan because only one car manufacturer’s supply was left in the lottery, and so far half of the production capacity of the car manufacturers’ products has been removed from the lottery process and offered on the commodity exchange.

In the past few months, the car supply plan was put to the test in the commodity exchange and was accepted as one of the methods of pricing and supplying the car to the market, with the announcement of the supply conditions by the Ministry of Security, which was effective in addition to the increase in the production of car manufacturers and the regulation of the ministry. Industry, mining and trade and the Iran Commodity Exchange Company should respond to part of the demand of real consumers.

In order to regulate the market, the supply of automobile manufacturers’ products in the commodity exchange must be done in compliance with the following conditions:

1- The minimum supply of each product in each period is 2,000 units per product for two large automobile companies and at least 500 units for other private companies.

2- Automobile companies are required to announce the list of buyers of products in the past 48 months before each offering to the commodity exchange, so that all the people in the aforementioned aggregated list, as well as the buyers of previous periods in the commodity exchange (whose information is available with the stock exchange organization) are included. Buy out at every new release.

3- Automobile manufacturers are obliged to fulfill the legal obligations notified (such as population youth plan, car scrapping, etc.) corresponding to the supply in the commodity exchange.

4- Automobile manufacturers are obliged to plan the necessary planning regarding the stock market in accordance with the sales licenses granted in such a way that there is no violation of their previous obligations or new pending obligations.

5- Any supply of cars beyond the license obtained, or financial derivatives related to cars, including certificates of deposit, default and parallel default transactions, or any type of securities or asset-backed securities (ABS) based on cars in the commodity exchange, according to It affects the future obligations of every car manufacturer, it requires obtaining a license from the Ministry of Industry, Mining and Trade.

In this regard, due to the failure to comply with the first paragraph of this circular in the supply of a Bahman Group product on Monday, December 21, the Deputy Minister of Transport Industries of the Ministry of Industry, Mines and Trade in a letter to the CEO of the Iran Commodity Exchange Company, requested the cancellation of the transactions of this day. And compliance with all the conditions of the directive was communicated to car manufacturers.

Also, due to non-compliance with the conditions of competition and the average price of another Bahman Group product on Wednesday, December 23, the trading committee of the Iran Commodity Exchange Company did not approve the transactions of this day.

Therefore, the governing bodies that supervise and regulate the car physical product market, by closely monitoring and examining the way cars are offered in the stock market, use all their facilities and powers to deal with the formation of false demand in the “stock market-market price” duality and increasing prices in order to To prevent monopolistic and quasi-monopoly behaviors after the car is released in the commodity exchange.

On the other hand, by examining the changes in the price of cars and currency in the last 6 months, the correlation of the increase in the price of cars in the market due to the increase in the price of currency can be seen.

Also, the trend of changes in the dollar and the two model cars of Iran Khodro and Saipa in the last 6 months compared to its price in July of this year, shows a 17% growth of the dollar in December compared to July, as a result of which the price of the car has finally increased by 9%. Is.

Therefore, it is expected that with the all-round measures of the Ministry of Security, including facilitating the import of cars, we will soon see a decrease in false prices in the market.

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