Which cars came to the market?
According to Tejarat News, Cars Will they come to the stock market in high demand?
Quoted from the world of economyAccording to this announcement, two car models, Haima S5 and S7, are going to be released soon through the commodity exchange. Earlier, the country’s largest automobile company had announced that it will offer Shaheen in the stock market.
It was also reported from private car manufacturers that Fidelity and Dignity will open their way to the stock market. From the published names, it appears that the strategy of the Ministry of Security to start the supply of cars in the commodity exchange by supplying low-circulation and low-demand cars that are not in the lottery cycle has been keyed.
However, the question arises whether the supply of cars in the stock market will be limited to the same type of cars, or will the cars in high demand be opened to the stock market? If the answer to this question is positive, we will probably witness the beginning of a new season in the supply of cars in the domestic market of Iran.
The Ministry of Security had previously announced that the sale of cars in the stock market could happen for cars that were out of the lottery process, but it did not mention the high-demand cars that are still in the lottery process. In this regard, “Economy World” talked with Hasan Karimi Senjari, an automobile expert.
Senjari believes that it is the responsibility of the Egyptian Ministry of Interior to remove the car lottery in any way, and for the purpose pursued by this ministry, the commodity exchange can be the best tool, because it follows the mechanism of the market and the system of supply and demand.
The price of the car increases
Karimi Senjari emphasizes that this action can also prevent the loss of automobile manufacturers. However, this car expert does not rely only on the positive aspects of this decision and has some warnings in this regard.
According to Karimi, since the amount of demand is not proportional to the amount of supply, if high-circulation and high-demand cars enter the commodity exchange, they will probably see a significant price increase, and this issue can deprive a large and important part of the demand pyramid from buying cars.
He emphasizes that the supply of such cars in the commodity exchange can act as a double-edged sword. On the one hand, the old problem of loss of car manufacturers will be solved, but on the other hand, it is the applicants who will suffer and stop buying cars.
This automobile expert has also offered a solution for this contradiction and says that to solve this problem, the government should hold back until the car import is implemented, but when the car import is freed, it can attract a part of the market demand and prevent the increase in car prices in the stock market.
However, he emphasizes that the price entered in the commodity exchange as the third price, and although it will be higher than the factory price, it will not reach the free market price. Karimi Senjari also advises that the imported cars should be in the price range of high-demand cars so that they can play such a role and reduce the pressure of demand.
However, the import car is also in an aura of uncertainty and despite the announced schedule, it still does not seem that we are close to the start of importation. However, the supply of low-demand cars has started in the commodity exchange, and it should be seen whether there will be a risk of price increase for applicants in the commodity exchange, considering the government’s insistence on removing the lottery process.