EghtesadOnline: Mehdi Khatibi, the CEO of IKCO, has announced that the company does not plan to increase the prices of its products in the Iranian New Year (starting March 21).
EghtesadOnline: Car prices have shot up in the past several months as never before to the extent that for an average Iranian household owning even a used car has become a dream not come true.
EghtesadOnline: The government's decades-old taxi renovation program has been hampered by rising car prices in Iran, as only 9,000 dilapidated taxis were replaced with new cars in the last Iranian year (ended March 20, 2021).
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.