Iran’s sedan imports increase by 51%

Baku, Azerbaijan, Feb. 5

By Umid Niayesh - Trend:

Iran has imported 79, 210 sedan cars, worth $1.625 billion during the first ten months of the current Iranian fiscal year (March 21, 2014- Jan 21), according to the Iranian Customs Administration's detailed monthly report which was released Feb. 4.

Iran's sedan imports registered a rise by 51 percent in terms of amount and 50.6 percent in terms of value during the period.

The Islamic Republic only imported 9,400 sedan cars in the calendar month of Day( Dec.21-Jan 21), 24 percent more in comparison with the same month of last year.

The value of Iran's imported cars stood at $194.5 million in calendar month of Day, 28.85 percent more year on year.

It should be noted that Iran has banned importing cars with engines up to a 2500CC capacity.

Tehran imported over 78,670 cars, worth $3 billion in last fiscal year (ended on March 2014).

The Islamic Republic also has produced some 790,408 sedan cars in the first ten months of the current fiscal year (March 21, 2014-Jan 21), 61.4 percent more year on year.

Tehran 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 in the mentioned year.

The Islamic Republic's automobile output faced a 40 percent decrease in 2012 due to the sanctions. The country was Asia's fifth largest car manufacturer in 2011, with a total output of 1,648,505.

Western countries suspended certain sanctions against Iran as the Geneva nuclear deal came into force on January 20. Iran was permitted to import materials for its auto-manufacturing sector as a result of the nuclear deal implementation, which has led to a sharp increase in the country's auto output in recent months.

Follow the author on Twitter: @UmidNiayesh

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