EghtesadOnline: The Iranian Parliament on Sunday passed a law on regulating the country’s automotive sector months after a turmoil spiked car prices to unprecedented heights.
EghtesadOnline: With car prices hiking north of 30% over the past three weeks in Iran, local media and officialdom have rushed in to lay the blame at the feet of auto dealers and online marketplaces.
EghtesadOnline: Car prices have been soaring on an hourly basis in Iran over the past few days.
EghtesadOnline: Soaring car prices in Iran have put the brakes on the government’s decades-old taxi renovation policy.
EghtesadOnline: As car prices keep rising as never before, the two main Iranian auto companies, Iran Khodro and SAIPA, launched what they call are ‘special sales’, selling their cars like hotcakes.
EghtesadOnline: After few weeks of relative stability in the chaotic car market, prices have shot up again reaching unprecedented highs leaving the people more perplexed than ever.
EghtesadOnline: After carmaker Iran Khodro jacked up prices twice over the past few weeks, its archrival SAIPA apparently did not waste precious time! The second biggest carmaker raised the price of three models from 24 to 80% over the weekend.
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.