The possibility of a 10% increase in car prices
According to Tejarat News, on Tuesday, November 9, the two major automakers of the country – Iran Khodro and Saipa – will increase their support to get out of the mandatory pricing, according to the approval of the Coordinating Council of Heads of Forces on October 19 and the decision of the Ministry of Silence as the new custodian of car pricing. They priced some of their products. In this regard, Iran Khodro products increased between 15 to 19 percent and the price of Saipa products increased by about 15 to 17 percent.
The CEOs of the two companies also announced the holding of an extraordinary weekly sale to organize the car market and the mortgage of sold cars (previously, the sold car could not be mortgaged for a year) and emphasized that due to the price correction, Mortgage restrictions will no longer be included in automakers’ extraordinary sales plans, and car supply will increase. So people are waiting for change.
However, on Thursday, November 11, the President addressed the issue of increasing car prices, and in this regard, Minister Samat ordered the automakers to return to previous prices, and it was announced that new car prices will be announced after a thorough review.
This not only led to the carmakers’ promise of extraordinary weekly sales not being fulfilled, but also to the fact that the car market was sinking even deeper; Although the changes in the dollar rate have always caused prices to fluctuate in the car market, but over the past two weeks, the car market has been in a steady state and has not reacted to various news.
Possibility of announcing new prices during the current week
On the other hand, due to the lack of transparency in this area, during the last two weeks, many contradictory news were announced about the policy in the automotive industry and how to set prices. It turned out that the headquarters, which is meeting in the new government chaired by the first vice president, has replaced the Competition Council in car pricing.
This uncertainty is while Majid Eshghi, the head of the Stock Exchange and Securities Organization, announced on November 14 that with the follow-up of the Exchange Organization and the Minister of Economy and in the meetings held with the Minister Samat and the President, it was decided to reform the car price again at the Market Regulation Headquarters. Check that and the result will be announced soon.
In this regard, although it was expected that new prices would be announced in December and the task of the car industry and market would be determined, but in the past few days, the meetings of the headquarters did not have a specific output about cars and only Minister Samat presented a report on car market and production .
However, follow-up shows that it is likely that in Wednesday’s meeting of the Market Regulation Headquarters on Wednesday this week, the issue of domestic car pricing will be examined and this headquarters will announce its final opinion on price reform.
The possibility of a 10% increase in car prices
The news also indicates that the market regulation headquarters is opposed to the previous price increase and seeks a 10% increase in car prices.
It should be noted that the lack of transparency of government officials regarding the policy of the automotive industry and the uncertainty of the industry and the market, not only does not lead to market organization, but also provides more background for dealers and increase the losses of automakers.
Source: stamp