Iran car exports fall by 94.34 percent
Azerbaijan, Baku, Sep.13/ Trend R.Zamanov
Iran exported 1,456 cars in the first five months of the current Iranian calendar year, which started March 21.
The figure shows 94.34 percent decrease compared to the same period of times previous year, the Mehr News Agency reported.
The value of the exported cars was around $11 million which is 92.12 percent less than the same period of last year.
The average price of the exported cars was $7,845, which indicates a 40 percent increase in price on Iranian cars this year.
Iran produced 989,110 cars in 2012, which made the country Asia's eighth largest car manufacturer.
Iran also stood at the world's 18th place, the ISNA News Agency reported.
Iran's automobile output faced 40 percent decrease in 2012. The country was Asia's 5th largest car manufacturer in 2011, with a total output of 1,648,505.
Increasing prices of raw materials and foreign currencies are the main problems that the car manufacturers are facing with.
The world's total car production stood at 84,141,209 cars in 2012, which is 5.3 percent more than its preceding year.