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Iran auto market sees price spikes again

16 Aug 2018 - 14:46


Financial Tribune - US pressure on Iran’s key auto industry coupled with domestic faulty policies have pushed up car prices once again, only a few days after the introduction of the government’s new forex policy which saw the market take a break from its months-long bullish run.

Over the past few days, car prices have jumped 6 to 20 million rials ($1,420 to $4,760) reacting to the news that President Hassan Rouhani’s administration might implement “free market reforms” in the auto industry and cut the state-backed Competition Council out of the price-setting process.

The Competition Council is a state body which when it comes to the auto industry is in charge of setting the price of vehicles under 450 million rials ($10,714).


Story Code: 316076

News Link :
https://www.theiranproject.com/en/news/316076/iran-auto-market-sees-price-spikes-again

The Iran Project
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