After starting a marathon of rising prices earlier this year, the car market has started to decline with incredible speed since November of this year. In the current situation, the market is completely asleep and trading has reached zero. The first role of this change in the car market should be attributed to the dollar. The customer will not make his purchase until the exchange rate is fixed at a certain amount. Follow Artan Press to review the latest developments in the car market.
*** Eliminate a capital look at the car
One of the commodities that has taken on a capital role in Iran in recent years is the car market. This market has an annual financial interaction of 895 thousand billion Tomans for the country and is considered a large market in terms of market volume. In the current situation, the car market is falling in proportion to the dollar exchange rate and there is no buying in it. With the continuation of this trend and the migration of capital from this market, we will see the shrinking of this market and consequently the shrinking of its investors, which is a major risk for the Iranian automotive industry.
*** Continuous drop in car prices
In the past week, on average, domestic cars have lost one percent of their daily price. In such a situation, buyers have the right to react in this way, and when they see the exchange rate fall, they will stop buying. For example, today the price of Peugeot 206 Type 2 reached about 170 million Tomans and Pride 131 less than 100 million Tomans, but the prices have not decreased to the prices of last month.
*** Dependence of the car on the dollar exchange rate
In the current situation, everything in the car market depends on the dollar exchange rate, and if the dollar continues to fall as experts predict, we will see further price declines in the car market. The decline in prices began in November, coinciding with political changes in the United States, and within about two months, despite cross-sectional fluctuations, the overall market trend declined.
*** Drop in prices of Iran Khodro products
According to car market activists, Iran Khodro Company’s over-circulation products experienced a drop of 1 to 2 million Tomans yesterday, January 20th. At the same time, the Peugeot 206 and Samand families experienced a drop in prices in the market today and became cheaper than yesterday. Today, coinciding with the first day of February, the car market has maintained its downward trend as in previous days, and despite the fall in prices from 500,000 to 25 million tomans, buyers still do not make a deal.
*** Short-term forecast of car prices
Regarding the short-term forecast of car prices, Babad said that it seems that the car market will continue to maintain this trend under the influence of the exchange rate. With the decrease in the price of the dollar to the channel of 21 thousand Tomans yesterday, we witnessed the fall of prices in the car market again, however, customers have stopped buying in anticipation of further drop in prices. Maybe the good news about the Corona vaccine and the approaching end of the year holiday could change the course of car prices in the last two months of the year. We have to wait and see which factors will play a more key role in the market.
*** Eliminate the liquidity of the car market downturn
Due to the economic developments in Iran, and the elimination of a large part of the liquidity in the society, the purchasing power of the people does not allow them to buy a car in the current situation. Therefore, it is predicted that a more severe recession will occur in the market and prices will decrease more in the market, and the difference between the factory and market prices, especially for Iran Khodro cars, should be reduced.
*** Eliminate the cross-sectional growth of car prices
Due to the market conditions, the council decided not to do any exciting behavior in the car market and the products of Iran, Khodro and Saipa will not have any price increase until the last quarter of the year. We were supposed to increase the price of cars every three months due to the inflation rate, but now this procedure may change every six months due to the current situation and the decrease in the exchange rate. It can be said that price stability will continue until the end of April next year, and prices may change again in May next year.
*** Check the price of car days in the market
In order to examine the presented analysis more closely, we will present the prices of Iran Khodro cars in the market on Tuesday, January 20, but it should be noted that the announced rates should not be used as a basis for buying and selling. The announced transaction prices in the car market today were until 15:00.
Pride 131: 101 million Tomans
Pride 111: 117 million Tomans
Pride 132 Model 98: 107 million Tomans
Pride 151: 108 million Tomans
Cashier Tiba: 115 million Tomans
Tiba dual-burner cash register model 98: 120 million Tomans
Tiba 2: 123 million Tomans
Tiba 2 Plus: 131 million Tomans
Saina: 128 million Tomans
Saina Plus: 138 million Tomans
Quick: 139 million Tomans
Quick R: 142 million Tomans
Nissan single-burner truck with radial tire, model 18: 220 million Tomans
Nissan single-burner optional model 18: 225 million Tomans
Nissan dual-burner truck with radial tire, model 18: 230 million Tomans
Nissan Dual-Burner Optional Model Model 18: 240 million Tomans
Nissan Diesel truck: 250 million Tomans
Kara single cabin van: 200 million Tomans
Kara van with two cabins: 212 million Tomans
Arisan van: 139 million Tomans
Peugeot 206 Type 2: 176 million Tomans
Peugeot 206 Type 5: 233 million Tomans
Peugeot 206 sedan: 229 million Tomans
Peugeot 207 manual transmission: 260 million Tomans
Peugeot 207 Panorama manual transmission: 290 million Tomans
Peugeot 207 automatic cash register: 390 million Tomans
Peugeot 207 automatic hatchback: 380 million Tomans
HTC Cross Model 28: 315 million Tomans
Peugeot Pars Automatic: 285 million Tomans
Peugeot Pars LX: 230 million Tomans
Peugeot Pars dual-burner: 220 million Tomans
Peugeot Pars Year: 196 million Tomans
Peugeot 405 GLX: 172 million Tomans
Peugeot 405 dual-burner: 175 million Tomans
Peugeot 405 SLX: 184 million Tomans
Dena with Cruise: 239 million Tomans
Dena Plus: 278 million Tomans
Dena Plus Turbo: 325 million Tomans
Dena Plus automatic turbo: 407 million Tomans
Samand LX: 169 million Tomans
Samand EF7 Texuz: 187 million Tomans
Samand EF7 class 16 dual burner: 215 million Tomans
Samand Soren: 215 million Tomans
Rana: 190 million Tomans
Rana Plus: 205 million Tomans
Haima S7: 665 million Tomans
Jack S5: 638 million Tomans
Jack S3: 437 million Tomans
Jack G4: 340 million Tomans
Brilliance H330: 350 million Tomans
Changan Model 18: 440 million Tomans
Sandro Model 18: 430 million Tomans
Sandro Stepway Model 18: 450 million Tomans
MVM X22 automatic luxury: 410 million Tomans
MVM X22 Automatic Excellent: 420 million Tomans
MVM 315 automatic: 350 million Tomans
Cerato 2000 optional model 18: 755 million Tomans
Peugeot 2008 model 98: 790 million Tomans
Mazda 3 model 18: 840 million Tomans
Citroen C3 model 28: 782 million Tomans
Tigo 5: 660 million Tomans
Tigo 7: 835 million Tomans
Ultra: 1020 million Tomans
Suzuki Grand Vitara Model 98: 925 million Tomans
*** Car pricing requirements
It is necessary to explain that the price of all cars produced by Iran Khodro has been announced without the cost of a gold card. The announced prices are for free document cars and document cars are mortgaged between 10 to 50 million Tomans, depending on the type of car, less than the free document price. The prices are only announced by the exhibitors and we do not interfere in it.
The above prices have been traded and higher prices may be announced in the market with no deals made at those prices. Also, the color of all cars is white. In the current situation, the market is volatile and these prices may vary by up to 2% in some other cities.
*** Exhibitors’ resistance to falling prices
Very few fairs offer prices, or announce extremely high prices, according to market news, car prices have dropped by 5 to 20 million, and the price of these fairs is definitely false. As inflation expectations and exchange rates continue to decline, the price curve in the car market continues to decline, and it seems that in these circumstances, there is a golden opportunity to abandon the policy of regulatory pricing.
*** The car market is a step towards balance
The Competition Council recently took the first step in overcoming this policy by liberalizing the price of 18 low-volume cars, and now, due to the reluctance of the market to climb, space has been provided for the completion of this project. Despite years of regulatory pricing, neither the consumer nor the producer is satisfied with this policy.
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