Tehran, Iran, April 6
Trend:
Two major automotive companies in Iran claim that in the previous Iranian year (ended on March 21), they lost more than $3 billion, while car prices increased by about 250 percent.
According to some automotive experts, the price of cars will not decrease in new Iranian year.
The Chairman of Iranian Automotive Parts Manufacturers Association Mohammad Reza Najafi-Manesh assessed the main reason for rising prices in last 12 months.
“The main reason was the increase in liquidity in the country. The volume of liquidity was about $15 billion in 2005 and $107 billion in 2013, while currently, it is estimated at $405 billion,” Chairman of Iranian Automotive Parts Manufacturers Association Mohammad Reza Najafi-Manesh told Trend.
"The liquidity has increased by 27 times since the 2005. But is our production level 27 times higher in the automotive sector?" he said.
Meanwhile, the price of all commodities grew and the dollar rate reached over 120,000 rial. noted Najafi-Manesh.
He expressed no hope that the car prices will decreased in next 12 months.
Najafi-Manesh went on to say that considering the current situation, it is planned to produce 1.250 million vehicles this year (started on March 21).