TEHRAN, Iran, Oct. 21
Trend:
Deputy manager of Iranian Car Show Owners Union has announced a sharp decrease in car prices around the country by 10 to 20 percent, Trend reports citing ILNA.
"The main reason for the fall in car prices is the decrease in the rate of US dollar in the foreign currency market,” Nematollah Kashani Nasab, deputy manager of car show owners union said, Trend reports citing ILNA.
Nassab pointed out that the prices have decreased on domestically made vehicles.
He said the prices will stay low as long as the foreign exchange rat remains low.
He said when the prices fall down like this, the market remains quiet, as no one is selling or buying anything.
He advised those who are looking to purchase cars, to wait, until the situation normalizes.