Khodrocar – Prices increases in the market started one month ago and in some popular car has reached to its highest position for example Peugeot 206 and Pride have backed to their 1 billion and 500 million IRRs position which is because of supplement shortage and it is deepening the stagnation of the market.
"Automotive supply has declined in recent weeks due to recent holidays, which has led to a decline in supply.” Mahmood Mokhles, deputy manager of car sellers association told khodrocar reporter.
"Automakers deny the decline in supply because they believe they do not benefit from the increase, but take a look at the decline in supply.” He added.
"As prices increase, followed by more supply and the continuation of this trend, prices can be expected. The prices of some cars have dropped slightly, with prices expected to continue to decline as part of a relative improvement in supply.” He said.
"A look at the market price trend shows that Pride 111, which has recently entered the channel of 500 million IRRs, is nowadays priced at 510 million IRRs.” He called.
Iran Khodro's popular Peugeot 206 Hatchback has also returned to the 1 billion IRRs channel, which was largely attributed to market price cuts, reduced invitations, as well as supply from the automaker, as the car has always been in high demand. That is why we saw a rise in the market price of this car.
Other cars such as Samand, Dena, Peugeot 405, Changan, Peugeot 2008 had increasing prices and some had significant price increment.
Car market participants believe that only if the current trend of rising prices will stop supply will improve so that we can control demand.