The car market these days, more than ever, is looking at the foreign exchange market and along with its fluctuations, we are witnessing a change in car prices. With the political developments, this market will also undergo price changes.
Khodrocar - Undoubtedly, one of the main reasons for the increase in car prices is the rise in the exchange rate, because with the increase in prices, the market suffers from inflammation and false demand, and this trend leads to higher prices and on the other hand, plunges the market into recession. Sellers are reluctant to sell more car in the hope that it will become more expensive, and this will reduce supply.
Expectations of reaching an agreement have risen again, with only a few days left to determine the status of JCPOA, which in turn leads to currency inflammation and price volatility. But according to car market activists, the car market is going through calm days these days due to increased supply and exchange rate stability.
"With the return of calm to the foreign exchange market and the stability of prices, the car market has also calmed down somewhat, and we have witnessed a decrease in prices again, from about 5% of the 5% increase in prices.” Saeed Motameni, manager of car show owners association told khodrocar reporter.
"With the possibility of a further rise in the price of currency, the possibility of creating false demand in the car market has also increased.” He said.
"The fluctuations in the foreign exchange market have continued for several days, and even despite these fluctuations, prices in the car market are not expected to increase not only by the end of the year, but also by increasing production and supply to the market and stabilization. The foreign exchange market will see more prices fall by the end of the year, because if there is enough supply, prices will fall in the market.” Says Motameni.
"With the decrease in the difference between the factory price and the investment market, there is no investment in this market, and this has been due to the growth of car production in recent months, so the current price difference is not very profitable for the buyer who enters this market for investment.” He mentioned.
"With the stability of the exchange rate, car owners who prevented the sale of the hoarded car in order to make more profit, will start selling the car, so the stability of the exchange rate will be the housing of the car market.” He called.
The remarks come as the car market was affected by the presidential election in addition to the exchange rate, and prices in the car market plummeted after Biden took office and talks were likely to resume.
Optimism about the future of the nuclear deal with JCPOA slowed inflation expectations and falling prices in the car market. Will improve.
This idea brought the price of the dollar to the channel of 21,000 Tomans, which of course affected the decrease in car prices, so much so that market participants reported a 30% drop in prices, but prices are still a long way from autumn prices.
What is clear from the current situation of the car market is the dependence of prices on the foreign exchange market, so with any fluctuation of prices in the foreign exchange market, the car market will also be affected. On the other hand, the price forecast until the end of the year indicates stability or even in some cases of price reduction, which with the conclusion of negotiations again and the achievement of JCPOA, we will see a decline in prices in the car market.
Expectations of reaching an agreement have risen again, with only a few days left to determine the status of JCPOA, which in turn leads to currency inflammation and price volatility. But according to car market activists, the car market is going through calm days these days due to increased supply and exchange rate stability.
"With the return of calm to the foreign exchange market and the stability of prices, the car market has also calmed down somewhat, and we have witnessed a decrease in prices again, from about 5% of the 5% increase in prices.” Saeed Motameni, manager of car show owners association told khodrocar reporter.
"With the possibility of a further rise in the price of currency, the possibility of creating false demand in the car market has also increased.” He said.
"The fluctuations in the foreign exchange market have continued for several days, and even despite these fluctuations, prices in the car market are not expected to increase not only by the end of the year, but also by increasing production and supply to the market and stabilization. The foreign exchange market will see more prices fall by the end of the year, because if there is enough supply, prices will fall in the market.” Says Motameni.
"With the decrease in the difference between the factory price and the investment market, there is no investment in this market, and this has been due to the growth of car production in recent months, so the current price difference is not very profitable for the buyer who enters this market for investment.” He mentioned.
"With the stability of the exchange rate, car owners who prevented the sale of the hoarded car in order to make more profit, will start selling the car, so the stability of the exchange rate will be the housing of the car market.” He called.
The remarks come as the car market was affected by the presidential election in addition to the exchange rate, and prices in the car market plummeted after Biden took office and talks were likely to resume.
Optimism about the future of the nuclear deal with JCPOA slowed inflation expectations and falling prices in the car market. Will improve.
This idea brought the price of the dollar to the channel of 21,000 Tomans, which of course affected the decrease in car prices, so much so that market participants reported a 30% drop in prices, but prices are still a long way from autumn prices.
What is clear from the current situation of the car market is the dependence of prices on the foreign exchange market, so with any fluctuation of prices in the foreign exchange market, the car market will also be affected. On the other hand, the price forecast until the end of the year indicates stability or even in some cases of price reduction, which with the conclusion of negotiations again and the achievement of JCPOA, we will see a decline in prices in the car market.
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