Will the new record in registration in the Iran Khodro lottery/government lottery return?
According to Tejarat News, the 43rd stage of Iran Khodro lottery registration started this week and ended 24 hours ago. The registration process for this period of the super sale plan was done like other plans and ended within its deadline. But the strange thing about this extraordinary sale was the number of registrations, which shows the ineffectiveness of the policies of the Ministry of Privacy to reduce false demand.
According to statistics published by FarsIn this period of Iran Khodro lottery from 17th to 25th of December, more than 9 million and 250 thousand people registered for the supply of 20 thousand machines, which broke the record of registration of demand in the Khodro lottery. This is while the previous record number of participants, including the total number of applicants for the three normal plans, the youth of the population and used cars, was less than 7 million people.
In the meantime, this issue is raised because despite the implementation of the new policies of the Ministry of Security, long queues are still formed for this state lottery?
To answer this question, first of all, it should be noted that at the same time as the Iran Khodro lottery was held, it was announced that the supply of cars in the commodity exchange was also stopped. Although this news was denied in a short period of time, it seems that it was enough for car buyers to rush from the commodity exchange to the lottery.
On the other hand, it seems that the applicants have lost their hope of importing cars to the country. Those who still hope for these cars to enter the country are now aware that the prices of foreign cars are not low for customers. As a result, the accumulated market demand appeared in Iran Khodro’s lottery queues.
Factory and market price rent; The main accused
Amid the commotion of car sales in the commodity exchange and the movement of car prices in line with inflation and the dollar price in the country, one of the main reasons for the popularity of this government lottery is the difference between the market and factory prices of the cars offered in the Iran Khodro lottery.
The factory and market price rent for four Iran Khodro products that were released in the new lottery on January 17 was between 200 and 275 million tomans. Due to the significant price difference between the factory price and the free market, the car lottery has been a breeding ground for car dealers in recent years, who seek to make a profit from this price rent.
It should be noted that not all people participate in lotteries in order to buy a car. In the meantime, even people who can’t afford to buy a car and only have the registration conditions, participate in the lottery, and after winning, sell remittances to make a profit.
Will the lottery return?
Recently, there have been whispers about the re-entry of the Competition Council in the car pricing debate. It seems that the government and the Ministry of Security are still insisting on mandated pricing and they want to regulate Iran’s automobile industry and its market with the mandate.
Some people are of the opinion that with the entry of competition into the pricing discussion, the policy of offering cars in the commodity exchange and pricing in a transparent environment will become practically ineffective and the sale of cars in the capital market will no longer be fruitful. As a result, queues to buy cars are forming again at the doors of car factories. As a result, breaking a new record in the number of Iran Khodro lottery registrations was not far from expected.
To read more, read the news of the government’s policies increasing car prices/increasing monopoly with mandated pricing in TejaratNews.