Iran government removes ban on auto presales

Financial Tribune – While complaints against local automotive companies over delayed deliveries have piled up at the judiciary, the government has given the green light to these firms to launch new presales, albeit with a condition, a deputy industries minister says.

Abbas Tabesh, who also heads Iran Consumer and Producer Protection Organization, told Mizan Online, “Car companies can register a new preorder in return for delivering one vehicle.”

Earlier last week, the official had told ISNA that carmakers have been barred from holding presales until they meet their overdue commitments and deliver cars that were sold months ago.

However, seemingly under pressure from the strong lobby of these state-affiliated carmakers, the authorities have been forced to abandon their earlier position and let car companies register more orders.