While the main article of the transformation plan in the car industry and market is the supply of cars in the commodity exchange and pricing based on supply and demand, the Competition Council continues to play a key role in determining the initial price of cars and cars by announcing a price floor by these councils enter the commodity exchange for final pricing.
Khodrocar - The insistence of car industry activists on moving away from mandatory pricing and pricing based on supply and demand eventually led parliament to outsource car pricing to the Commodity Exchange. A financial institution in which the price of all goods is out of any interference and supply and demand only determine the price.
And now, according to Article 2 of the plan, "carmakers and companies affiliated with the automotive industry can only offer their production car through direct supply on the commodity exchange." Accordingly, the supply of cars by these companies outside the commodity exchange in any way is a crime and the perpetrator, both the seller and the buyer, will each be sentenced to the punishment mentioned in Note (1) of Article (18) of the Law on Combating Commodity and Currency Smuggling. "It happened." Therefore, buying and selling zero-kilometer domestic cars is only allowed in the commodity exchange, and that is where the price of cars is determined.
"According to the transformation plan of the car industry and market, the pricing of high-volume cars will be done only in the commodity exchange. However, since the commodity exchange determines the price based on supply and demand, cars with low circulation and the possibility of increasing production will be exempt from supply on the commodity exchange, because in this case, with the increase in demand. In the commodity exchange, we will see an increase in car prices again.” Hojat Firouzi, speaker of the parliament’s commission of industry told khodrocar reporter.
This decision takes the automotive industry one step away from mandatory pricing, because with the implementation of this law, supply and demand will be the only criterion for determining the price, but the price base is set and announced by the Competition Council and the final price is determined by supply and demand.
Meanwhile, Mohammad Reza Poorabrahimi, Chairman of the Economic Commission of the Islamic Consultative Assembly, emphasized on using the capacity of the commodity exchange in the plan to transform the car industry and market, stating that it should be determined how much bubble there is from the current car price and how much production can increase.
"Since the exchange is a place of supply and demand with transparency and leads to the extraction of real prices, based on this, a proposal was made in the commodity exchange to present 10% of the daily production of automakers in the exchange to be directly available to the consumer. The method of determining the price in the commodity exchange will be based on supply and demand.” Majid Safari, expert of stock market told khodrocar reporter.
"Pricing in the commodity exchange has benefits for the manufacturer and can be used as one of the financing tools for automakers. In this case, automakers do not have to pre-sell for financing, but will be able to offer parallel futures.” He said.
According to studies, part of the demand that has led to a sharp increase in car prices is the demand for speculation and investment and is not consumed, while many of the current problems in the country's commodity markets are due to government-set prices. Declaring opposition to price suppression and reducing the incentives of manufacturers and agreeing to the full release of commodity prices, including cars, seeks to offer cars on the commodity exchange, which is the best option as a transparent and observable market.
And now, according to Article 2 of the plan, "carmakers and companies affiliated with the automotive industry can only offer their production car through direct supply on the commodity exchange." Accordingly, the supply of cars by these companies outside the commodity exchange in any way is a crime and the perpetrator, both the seller and the buyer, will each be sentenced to the punishment mentioned in Note (1) of Article (18) of the Law on Combating Commodity and Currency Smuggling. "It happened." Therefore, buying and selling zero-kilometer domestic cars is only allowed in the commodity exchange, and that is where the price of cars is determined.
"According to the transformation plan of the car industry and market, the pricing of high-volume cars will be done only in the commodity exchange. However, since the commodity exchange determines the price based on supply and demand, cars with low circulation and the possibility of increasing production will be exempt from supply on the commodity exchange, because in this case, with the increase in demand. In the commodity exchange, we will see an increase in car prices again.” Hojat Firouzi, speaker of the parliament’s commission of industry told khodrocar reporter.
This decision takes the automotive industry one step away from mandatory pricing, because with the implementation of this law, supply and demand will be the only criterion for determining the price, but the price base is set and announced by the Competition Council and the final price is determined by supply and demand.
Meanwhile, Mohammad Reza Poorabrahimi, Chairman of the Economic Commission of the Islamic Consultative Assembly, emphasized on using the capacity of the commodity exchange in the plan to transform the car industry and market, stating that it should be determined how much bubble there is from the current car price and how much production can increase.
"Since the exchange is a place of supply and demand with transparency and leads to the extraction of real prices, based on this, a proposal was made in the commodity exchange to present 10% of the daily production of automakers in the exchange to be directly available to the consumer. The method of determining the price in the commodity exchange will be based on supply and demand.” Majid Safari, expert of stock market told khodrocar reporter.
"Pricing in the commodity exchange has benefits for the manufacturer and can be used as one of the financing tools for automakers. In this case, automakers do not have to pre-sell for financing, but will be able to offer parallel futures.” He said.
According to studies, part of the demand that has led to a sharp increase in car prices is the demand for speculation and investment and is not consumed, while many of the current problems in the country's commodity markets are due to government-set prices. Declaring opposition to price suppression and reducing the incentives of manufacturers and agreeing to the full release of commodity prices, including cars, seeks to offer cars on the commodity exchange, which is the best option as a transparent and observable market.
Latest News
