EghtesadOnline: As part of SAIPA's extensive presale launched last week, the company offered a limited number of Kia Cerato s assembled in Iran, all of which were sold out in a few hours.

EghtesadOnline: Over the weekend SAIPA car company jacked up the price of the locally-assembled KIA Cerato by 14% announcing that henceforth the model costs 1.18 billion rials ($28,200), 140 million rials ($3,300) dearer than the price last week.

EghtesadOnline: SAIPA, the second biggest carmaker, has announced that it will offer loans for its own-manufactured Kia Cerato to boost sales.

EghtesadOnline: Offering SAIPA’s Kia Cerato on Iran Mercantile Exchange is the first step toward breaking the auto market monopoly in Iran, the chairman of Majlis Economic Commission said.