Auto prices are still going down in Iran’s market

Tehran, September 8, The Iran Project – The downturn in Iran’s automotive market has reduced the price of some domestic and foreign cars.

Consumers’ reluctance to purchase cars has caused the prices of domestically produced as well as a few foreign cars to edge down in the past few weeks.

Following automakers’ insistence on raising the prices of local car, Iranian people who believed the nuclear deal would lead to a drop in prices, expressed their opposition to the low quality and high prices of cars assembled in the country by starting an online campaign to not buy domestic cars.

In reaction, Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh criticized the campaign, saying that it is politically supported by anti-revolutionary groups.

But, president Rouhani issued a note of warning to his minister following his bitter remarks on a campaign against the Iranian cars which provoked strong reactions from different groups inside the country.

And, Mohammad Reza Nematzadeh offered apologies to people and ordered domestic car makers to try to improve the quality of their products.