Market Analyst: IME Not Predisposed to Steep Rise in Car Prices

EghtesadOnline: Car prices have shot up in the past several months as never before to the extent that for an average Iranian household owning even a used car has become a dream not come true.

News ID: ۷۵۲۱۰۷

18 December 2022

The unprecedented rise in car prices has little if anything to do with the auto sales in the Iran Mercantile Exchange, a market observer says.

In his view, IME is the pitch where “supply and demand interact to determine [proper] prices”, and so the recent surge in auto prices has other reasons, Ali Seyyed Khosroshahi claimed.

“I believe that the jump in car prices, even if it is argued that the IME is responsible, is a good omen simply because the profit helps manufacturers who are saddled with financial and production challenges,”Seyyed Khosroshahi was quoted by SENA as saying.