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: Tehran Auto Dealers Association has been holding talks with authorities and carmakers offering proposals on market management so as to rein in the auto sector's chaotic conditions and control the skyrocketing prices which have stunned the public.
EghtesadOnline: Kian Motor Varna has started the sale of crossover Borgward BX7 in Iran. The vehicle is priced at 2,799 million rials ($62,200). No installment plans are available.
EghtesadOnline: A face-lifted version of the Chinese crossover JAC S5 was spotted on the streets in Tehran by car enthusiasts late last week.
EghtesadOnline: Executive vice president of Groupe PSA for Africa and Middle East has declared that the automotive conglomerate will continue its operations in Iran.
EghtesadOnline: SAIPA’s Pride, no pride after all, was once produced in unusually large numbers and is still the cheapest car in the local market. Now all that seems to be over and it is gradually on its way out. Hopefully for good.
EghtesadOnline: Much like developed markets SUVs and crossovers are now becoming more visible in Iran’s imported car market.
EghtesadOnline: South Korea’s auto exports rose in the second quarter thanks to demand from Europe, Iran and other Middle East markets.
EghtesadOnline: French carmaker Renault’s production and sales outlets in Iran sold 68,365 vehicles in the first-half of the current year giving the French carmaker a significant boost in profitability.
EghtesadOnline: SAIPA has taken the covers off its joint venture with Citroen, announcing that the first car to roll off the production line will be the Citroen C3 hatchback.