EghtesadOnline: Iran Consumer and Producer Protection Organization (CPPO) and local automotive companies have reached an agreement to jack up factory prices between 50-130%.
EghtesadOnline: No decision has been made about increasing car prices, the Industries Ministry said in a statement released on Thursday following comments from deputy minister of industries Mohsen Salehinia to the effect that new car prices would be announced at the weekend.
EghtesadOnline: Following the spikes in car prices and a lingering stagnation in the auto market, Deputy Industries Minister Mansour Moazemi is optimistic that the new state forex policy will help alleviate shared concerns of customers and producers over the troubled sector and lead to a drop in prices.
EghtesadOnline: A new wave of higher car prices has arrived; pushing decent rides further out of average Iranians' reach and helping avaricious dealers make another quick buck at the expense of customers. This is while some public figures have rushed in to calm down the market saying that nothing is out of the ordinary.