News ID : 3748
Publish Date : 05 September 2019 - 09:15
The continuing downward trend in car prices in recent weeks, which began in late August, has led to a 40% drop in car prices, according to market participants.
Khodrocar - Despite the decline in production, auto market participants believe the trend will continue as prices approach April or March of last year. They believe an increase in supply, a lack of demand and control measures, including blocking major sales and a cartel alongside exchange rate stability, have led to lower prices and pushed intermediaries out of the market.

"In recent times, car prices have fallen to around 40%, driven by changes in automobiles and currency price stability.” Saeed Motameni, manager of auto seller association told khodrocar reporter.

"Blocking the sale and sale of carts and giving up are the reasons for the decline in car prices in recent weeks. The exchange rate stability in recent days and its relative decline have been one of the main reasons for the decline in recent weeks, affecting the prices of domestic, assembly and imported cars and still continue.” He added.

"Lack of market demand leads to lower prices, and if prices continue to rise, prices are expected to close to April, with each Peugeot 2008 machine selling around 280 million. But it has now reached 302 million tomans, which indicates that we are still witnessing a bubble of 20 million tomans in the price of the car, indicating the need for further reduction.” He said.

"Meanwhile, in April this year, Santa Fe was priced at 700 million tomans, while the price of the car has now reached 760 million tomans, which should be reduced, while the Serato and El Nutra prices are almost at the beginning of this year.” He told.

"If the downward trend continues, prices will close in March of last year and April of this year, rising in the car startup period, which goes back to the last days of January, which declined in March, and prices went down. From March 20 to April 25, prices reached a reasonable range, and from mid-July to the mid-July, we saw a dramatic increase in car prices up to 100 percent.” He continued.

"As the prices of domestic cars rise, the prices of imported cars are rising, but investors who have entered the car market are now leaving the market and the excitement in the market has disappeared, leaving only the real buyers in the market.” He said.

"As the current price bubble continues, some cars, such as the Peugeot Pars, which have been around 120 million IRRs, have disappeared and are approaching realistic prices. In imported cars, despite the lack of supply due to import bans, due to the exit of intermediaries from the market and increased supply due to investments made, the market price of cars is lower than factory prices and yet buyers are willing to sell the car. Are lower than their purchase price.”He said.

With these statements, we should expect more cars to decline. Prices that went up by 100 percent and hit buyers who came in for more profit. But according to car market activists, the outflow of intermediaries has led to a return to calm in the car market and lower prices.
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