The reaction of car symbols to the liberalization of car imports / stocks?

According to Tejarat News, the approval of the car import plan in the parliament has created a lot of margins these days. The plan, which has many supporters and opponents, is currently suspended due to the general opposition of the expediency of the system. However, these margins have already affected the car market.

The plan also did not leave stock market car symbols ineffective. Car stocks started the week with a negative performance and only during today’s trading some of these symbols reached the zero and positive range.

Since the beginning of this week, the return of all car symbols on the stock exchange has been negative, which is part of the effect of this decision of the parliament. From the beginning of the week until today, Khodro had a negative 7.5, Khasapa negative 7 and Khapars negative 8.2. Of course, the market as a whole is negative these days, and the overall stock market index has become 4% negative during these few days.

Financial performance of automakers

This statistic was obtained while the financial performance of these four automakers in August was a good performance. In August, Iran Khodro had a revenue of 4.5 trillion from the sale of more than 28,000 cars and has increased its car sales to 162,144 units in the first 5 months of the year. A figure that shows a growth of 12% in terms of number of sales and a growth of 137% in terms of sales amount.

Saipa Automotive Group also had a positive performance in the first 5 months of this year and while tripling its Rial sales, it has also increased its car sales by 20%. The sales of Khapars in the first five months have increased by 234% compared to the same period last year.

The effect of import liberalization on car symbols

Meanwhile, Nima Mirzaei, a capital market expert, told Tejarat News about the impact of the car import liberalization plan on the automobile group: He created a car. A plan that seems to have a difficult and ups and downs path until the final approval and notification, and at the very beginning, its winning path, which was the import of a second-hand car, was eliminated! But if passed in the same way, it will have two disproportionate effects on the automotive group and parts manufacturers.