Given the severe recession in Iran's car market, the decrease in customers, as well as a drop in the prices of all types of cars, seemingly, now is the best time for consumers to buy cars because prices may surge next year.

Tasnim Iranian President Hassan Rouhani dismissed the minister of industry and assigned a caretaker to the ministry to handle the situation in the domestic car market and ensure a steady supply of basic commodities amid the cruel sanctions against Iran. In a decree on Monday, President Rouhani appointed Hossein Modarres Khiabani as the caretaker ...

Financial Tribune - Iranian lawmakers are studying a draft bill on the introduction of a capital gains tax to control the auto market that has experienced a sharp price hike in tandem with the upward forex rate trajectory over the past few months. To curb soaring car prices and ease public resentment, Iranian officials and MPs have proposed solutions ...

Financial Tribune - Following a sharp surge in car prices, local authorities are pushing online sales platforms to remove adverts carrying price tags. Now the judiciary says a new mechanism has been devised for regulating online vehicle price listing. Reza Olfatnasab, the head of E-Commerce Union, earlier wrote on Twitter that unionists, e-retailers ...

Financial Tribune | Khosro Kalbasi: 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. Since Washington imposed new sanctions against Tehran last summer, car pricesjust like the cost of every other commodityhave been ...

Financial Tribune - Car prices have been soaring on an hourly basis in Iran over the past few days. Vexed by the raging prices, Iranian parliamentarians have censured local car companies and government officials. Nader Qazipour, who represents Urmias electoral district in Majlis, told ICANA, If car prices are not controlled, the parliament will ...

Financial Tribune - The cheapest car in the local market, SAIPAs Pride 131, is being sold for 480 million rials ($3,700). At this time a year ago this small vehicle was easily available for 223 million rials. After few weeks of relative stability in the chaotic car market, prices have shot up again reaching unprecedented highs leaving the people ...

AzerNews - A Member of Iranian Parliament said that at the meeting between the Parliament members and minister of industry, mine and trade, the representatives threatened to lift the ban on the import of foreign cars, if the prices on domestic cars are not lowered. The warning was made during Iranian Minister of Industry, Mines and Trade Reza Rahmani's ...

Financial Tribune - 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. According to price lists published on saipacorp.com, the price tag for SAIPA 151, a small pickup has ...

Financial Tribune - The Consumer and Producer Protection Organization and major carmakers have reached an agreement that says car prices at the factory that are under 450 million rials ($4,360) will jump between 50-130% Iran Consumer and Producer Protection Organization (CPPO) and local automotive companies have reached an agreement to jack up factory ...

Financial Tribune - Automakers will soon receive the okay from relevant authorities to increase prices once again, a deputy minister of industries said. Bad news that translates into a simple message for the common man: cars are gradually becoming luxury items most families cannot afford anymore. In an interview on Sunday, Mohsen Salehinia told ...

Financialt Tribune - Irans largest private automaker Modiran Vehicle Manufacturing Co., a partner of Chinas Chery, at the weekend jacked up prices by a massive 55%. In a statement published by ISNA, MVM said due to the significant rise in the USD exchange rate in Iran, the company has no alternative but to increase prices. Since US President ...

Financial Tribune - Market observers are anticipating a new round of car price jumps in the coming days as the auto market adjusts to the most recent increase in the USD rate against the rial currency. The USD rate in the free market stood at 144,000 rials on Saturday morning, up 3.94 % from 138,530 last Saturday, sparking speculations that cars ...

Financial Tribune - US pressure on Irans key auto industry coupled with domestic faulty policies have pushed up car prices once again, only a few days after the introduction of the governments new forex policy which saw the market take a break from its months-long bullish run. Over the past few days, car prices have jumped 6 to 20 million rials ...

Financial Tribune - A new wave of higher car prices has arrived; pushing decent rides further out of average Iranians' reach and helping avaricious dealers make another quick buck at the expense of customers. This is while some public figures have rushed in to calm down the market saying that nothing is out of the ordinary. With the US dollar exchange ...

Financial Tribune- Car prices in Iran will remain unchanged in the new fiscal year according to a price-list released April 6 by auto website Asre Khodro. Prices for several locally produced cars were expected to increase in line with the annual inflation rates. But according to the latest figures published by the website, all local car companies ...

Iran's Competition Council, the body responsible for setting vehicle prices, gave the go-ahead last week to domestic carmakers allowing them to increase car prices. The council announced that local automakers may increase the price of cars sold for less than 400 million rials ($11,500) by 1.5%. It did not set a price for Tondar L90 (known globally ...

Car prices are going up again in the new Iranian year (started March 20), but is that justified or helpful to the automotive industry? According to a report last week, the average price of Iran Khodro (IKCO) cars in the coming year will increase by 5 million rialsat the most, according to Asre Khodro. What will this mean to car buyers inside ...

Tehran, Aug 18, IRNA -- Mismanagement of car pricing started 40 days ago, as the Competition Council came under fire, Iran Daily?s Tuesday edition writes in its opinion column, Tuesday edition of the English language newspaper Iran Daily writes. Industries, Mines and Trade Minister Mohammad Reza Nematzadeh announced last week that car pricing is the ...

Prices posted on the websiteofIran Khodro(Automotive Company) indicate that car prices have gone up by 20 to 30 million rials. ILNA reports that the price hike is contrary to the settlement reached with the National Competition Bureau in early May. The market has already felt the effect of this price hike and Iran Khodro products are already ...