The sensitivity of the car market to the ministers of industry / Aliabadi did not come, the car became more expensive! – Tejarat News
According to Tejarat News, the wave of increase in car prices that started in the winter of last year continued its upward trend until the last day of Reza Fatemi Amin’s ministry. But since the 10th of May, when he was impeached and dismissed in the parliament, this market shifted gears and experienced a price drop in some products. To the extent that some products of Kerman Motor such as KMC T8 today, despite the price increase of 80 million tomans in the open market, are still 20 million tomans lower than the factory price.
But last day, finally, Abbas Aliabadi, as the successor of Fatemi Amin and the new Minister of Peace, was able to win the vote of confidence of the representatives. His feet had not yet reached the building on Samiye Street, the car market once again showed its sensitivity to the presence of the Minister of Silence and once again entered the upward phase.
It seems that this market also reacts better to the ministry without a minister. As during the 44 days that the ministry of privacy was managed by the supervisor, most of the products moved in a downward spiral.
The negative reaction of the car market to the appointment of the Minister of Silence
A look at the price chart of various cars from May 10, when Fatemi Amin was removed from the ministry, to today, June 24, 1402, which is the second day of Aliabadi’s tenure in this ministry, is a good proof of the sensitivity of the market to ministers of silence.
On May 10th, when Fatemi Amin was going to Baharestan, for example, Peugeot 206 Type 2 (zero kilometers) was priced at 595 million Tomans in the open market. One day after he left, this product went up to 605 million tomans. Until the last day, when the Ministry of Security did not have an administrator, the price of this product dropped to 470 million tomans, and in 43 days, Peugeot 206 Type 2 experienced a price drop of 135 million tomans in a rare event.
But since yesterday, before Aliabadi’s foot reached the building on Samiye Street, this product experienced the highest daily price increase in the last 44 days and reached 511 million tomans with a jump of 41 million tomans. The following chart is specific to Peugeot 206 type 2, however, it can be a good example of the movement of the domestic car market in the days when the minister was at the head of the ministry of silence.
The assembled car market also went through a similar process during this period. During Fatemi Amin’s tenure, Jack J4, as the cheapest Chinese available, reached around one billion tomans; But until June 22, when the ministry was managed by the supervisor, this product fell to its price floor in the last few months, that is, 765 million tomans.
However, yesterday and immediately after the representatives’ vote of confidence in Aliabadi was sent to the market, this car went up to 780 million tomans and today it was priced at 810 million tomans. After a day of the minister’s presence, the cheapest assembly product increased by 55 million. To experience Tomani.
The jump of 160 million tomans Tigo 8 in 2 days!
In the meantime, the fluctuation speed of cars with a higher price class was also higher. As an example, you can go to Tigo 8 Pro, the product of car managers until May 10, up to three billion and 10 million tomans.
On June 22, this product reached the bottom of the last five months with a price of two billion and 270 million tomans, in addition to a price drop of 740 million tomans in 43 days. But this car also recorded a price increase of 160 million tomans in the last two days to show its sensitivity to the presence of the minister in the Ministry of Silence.
Improving car policies in the absence of the minister
The drop in car prices was not the only positive event in this market in the days without a minister. The liberalization of the import of cars above 2500 cc, the clearance of 4000 foreign products from customs, the general approval of the used car import bill, etc. are just some of the events that happened in the 43 days of the ministry without a minister.
This is despite the fact that in his 15 months of activity, Fatemi Amin, despite his statements, was never able and perhaps did not want to complete these matters. In the end, he put all the blame on the mafia, who it is not clear who or who they are?!
Now, not even two days have passed since the appointment of the new minister, and the car market has taken a trend that can be reminiscent of the 15 months of the former minister’s tenure.
The minister is not to blame for everything that happened
Of course, this trend should not be summed up only in the sensitivity of the market to ministers of silence. Since yesterday, the price of the dollar also increased slightly, unlike the previous weeks. Traditionally, the fluctuation of the currency market is always dumped on the car market, and this time there was no exception in the market.
Also, the optimistic news related to the JCPOA has faded a little since the previous day so that this issue also sends a bullish signal to the market.
In addition, after an upward momentum in the market, applicants who had left the market for two months and were not heard from when the prices fell, were seen again to buy in the market.
Determining the task of registration in the integrated car system is also not without influence in this regard, and the entry of new cars into the market may cause another shock to the market. This is despite the fact that according to the principles of economics, it is expected that the prices will decrease with the entry of new goods into the market and the increase in supply; But this time, the Iranian car market showed that it has its own special and unique conditions and does not follow any principles.
To get more information, read the car news page in Tejaratnews.