Car Prices Start Declining

EghtesadOnline: The permission to import used cars under five years old, ratified by lawmakers on Monday, had a dramatic impact, such that the prices of all types of cars have started falling.

News ID: ۷۵۲۶۱۱

19 June 2023

After the bill allowing the import of used cars was passed by the parliament, automobile prices started declining in the domestic market.

The permission to import used cars under five years old, ratified by lawmakers on Monday, had a dramatic impact, such that the prices of all types of cars have started falling, the head of Iran Auto Dealers Association said.

Saeed Motemani was also quoted as saying by IRNA that in the past few months, car prices had increased incrementally, but with the approval of the bill for importing used cars, as well as positive news about improvement of political ties with neighboring states, prices took a downturn.