Iran’s car imports increase by 59%
Baku, Azerbaijan, Nov. 14
By Fatih Karimov – Trend
Iran imported 37,510 sedan cars during the first seven months of the current fiscal year (March 20-Oct. 21, 2016).
Iran’s sedan car imports registered a rise by 58.7 percent in the period compared to the same period of the preceding year, according to the Iranian Customs Administration.
Iran imported $982.84 million worth of cars during the 7-month period, 71 percent more year-on-year.
It should be noted that Iran has banned importing cars with engines up to a 2500CC capacity.
Car imports shared 4 percent of the Islamic Republic’s total imports in terms of value during the first seven months of the current fiscal year.
Meysam Rezaei, the head of Iran’s Employer Association of Car Importers, said exchange rate stability is the main reason for the rising number of imported cars, Persiankhodro news portal reported Nov. 14.
Rezaei forecasted that Iran’s total car import will reach 60,000 during the current fiscal year (to be ended March 2017).