News ID : 3949
Publish Date : 19 March 2020 - 09:03
The spread of the Corona virus in recent weeks has made life-saving a top priority, with the automobile market experiencing a recession in New Year eve more than ever before, and prices have also fallen sharply.
Khodrocar - Car market participants believe that prices have returned to the price range of about two months ago, and because of lack of demand, in addition to the recession, we are seeing a drop in prices. They believe that this process will continue as long as the Corona shadow is in the public health, and may even exacerbate the car market downturn.

The situation is undoubtedly the car market is experiencing different conditions nowadays if the virus does not spread and the Norouz trips continue, with prices rising more than ever. While carmakers continued to supply, but due to expectations of further price increases, there was no buy in the market, which led to higher demand for cars.

Nowadays, activists in the field insist that prices for domestic and imported cars will fall by 10 to 15 percent over the period, and the trend is expected to continue.

"The effect of Corona has been oblivious to the car market, and if people were trying to change or buy a car for Nowruz travel, the disease has made them to lose their motivation.” Kazem Mohammadi Nikkhoh, member of car sellers union told khodrocar reporter.

"In addition to being a car enthusiast, conditions are not conducive to buying and saving lives is a top priority for people. In recent weeks, we have seen domestic car prices drop from 8 to 12 million tomans, and the whisperings of import liberalization in budget 99 have also affected the market, with 10 to 15 percent of imported cars experiencing price declines. Every year in the current budget the government expects revenue from imports but ultimately the Guardian Council will not vote on it.” He said.

"According to the latest surveys of shopkeepers, many have had no sales for more than 10 days.” He continued about the recession in car market.

"The trend is expected to continue as the disease will continue until mid-May, according to the World Health Organization, unless a miracle occurs.” He said.

"Not only will this continue to be the case, but the forecasts will be even worse, the only thing that could put the market in a deeper slump under current conditions and break prices.” He told.

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