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Iran looks for more monitoring in registration for pre-sale of cars

Business Materials 10 September 2020 00:46
Iran looks for more monitoring in registration for pre-sale of cars

TEHRAN, Iran, Sept. 10

Trend:

Iran monitors the car pre-sale registration process as well as the lottery system, however more monitoring could be used, so that nobody could violate the regulations, said Acting Minister of Industry, Mine and Trade Jafar Serghini, Trend reports citing ILNA.

"I believe that if there are more registrations, the auto prices would decline and vehicles would be purchased directly from production line without any intermediaries," said Serghini.

He pointed out that the main factor driving the car prices up is a psychological factor, which triggers people to invest their money in commodities.

"The auto production has increased by 25 percent, comparing to the last Iranian year (started March 21,2019). Iran Khodro and SAIPA are currently producing 3,600 vehicles per day, while the volume of car delivery to customers have also increased by 3 percent and 342,000 vehicles have been delivered," he added.

"The current pre-sale registration would continue to maintain the demand, and it is expected that pre-sales would increase," he said.

"The number of applications for pre-sale registration has reduced from 4 million people that applied for the first time for 40,000 vehicles, to 250,000 people, which shows that the early desire for registration has declined," he said.

"The current increase of auto prices is not the right price and there is a gap between automaker's price and those on the market," he said.

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