Iran’s auto market witnesses 19% growth

Baku, Azerbaijan, April 1

By Gazenfer Hamidov – Trend:

Over 1.718 million of various new vehicles were sold at Iran’s market in 2017, according to the latest report of the International Organization of Motor Vehicle Manufacturers (OICA).‎

The figure which indicates a rise by 19 percent year-on-year, is the highest volume of sold vehicles in the country in recent years.

Iran was the 12th biggest car market in the world in 2017 with 7.1 percent share of global market.

Some 857,500 cars were sold in Iran in 2005, which gradually increased to 1.688 million of vehicles in 2011.

After that the number of sold cars started falling as a result of intensified international sanctions which hit the country’s auto sector.

The lowest number was registered in 2013, when 804,750 new vehicles were sold in Iran’s market.

The volume revived to 1.287 million in 2014 and surged to 1.448 million in 2016.

The OICA report indicates that more than 96.804 million new vehicles were sold in global markets in 2017 in comparison with 93.905 million in 2016 and 89.71 million in 2015.

China was the biggest car market of the world in 2017. Over 29.1 million various types of new vehicles were sold at Chinese market in the year, followed by the US (17.58 million), Japan (5.238 million), India (4.02 million), Germany (3.811 million), the UK (2.96 million) and France (2.6 million).

The OICA also said that the number of cars on Iran’s roads surpassed 14.13 million in 2015. The figure includes 12.7 million passenger cars and 1.43 million commercial vehicles.

The number of vehicles in use in Iran stood at 13.36 and 12.679 million in 2014 and 2013 respectively.

The motorization rate increased from 171 in 2014 to 179 vehicles per 1,000 inhabitants in 2015 in Iran, according to the OICA.

The average global motorization rate was 182 vehicles per 1,000 inhabitants in 2015.

The report says that 1.282 billion cars were in use in the world in 2015. The figure stood at 1.234 billion in 2014.

Iran's car output reached 1.515 million units in 2017, 18.2 percent more year-on-year, according to the OICA.

The Islamic Republic was the world's 16th biggest car manufacturer in 2017.

Iran announces readiness to commit its JCPOA commitments
Iran announces readiness to commit its JCPOA commitments
Iran's envoy reacts to IAEA chief's comments
Iran's envoy reacts to IAEA chief's comments
Iran's nuclear technology improves despite limitations
Iran's nuclear technology improves despite limitations
Loading Bars
Latest
There will be no referendum in Nagorno-Karabakh - President Aliyev
If we are attacked, we must not only defend ourselves, but also launch a counter-attack - President Aliyev
Our refugees and internally displaced persons must return to all the occupied territories - President Aliyev
We must have decisive say about international monitors, says Azerbaijani president
If Minsk Group for 30 years cannot produce results, it speaks for itself - President Aliyev
WHO roots for rapid diagnostic tests to boost COVID-19 war in Africa
Kazakhstan to boost export of agricultural products to SCO markets
Int'l organizations informed about rocket attacks on Azerbaijani regions (PHOTO)
Morale of Azerbaijani army personell at high level - Azerbaijani MoD (VIDEO)
With this Armenian government unfortunately, prospects for peaceful settlement very remote - President Aliyev
More military equipment of Armenian armed forces destroyed (VIDEO)
Azerbaijani flag hoisted in Agbend village of Zangilan district (VIDEO)
Central Bank presents forecasts for Uzbekistan’s macroeconomic dev’t
Kazakhstan, Romania trade turnover increases despite COVID-19
With liberation of Aghband settlement, taking full control over Azerbaijani-Iranian state border ensured - President Ilham Aliyev
Azerbaijani Army liberates 3 villages of Fuzuli district, 4 villages of Jabrayil district - President Ilham Aliyev
Azerbaijani Army liberates 13 villages, Aghband settlement of Zangilan district - Azerbaijani president
Russia continues to make active efforts to resolve Karabakh conflict - MFA
OIC Parliamentary Union condemns Armenia's attack on Azerbaijan's Ganja
Azerbaijani RabitaBank's assets for 9M2020 grow
Morocco decreases import of Turkish cars
Uzbekistan, Afghanistan to jointly attract funds for transport corridors dev’t in Central Asia
Uzbekistan, Tajikistan agree on resumption of flights
Armenia's tries to present its position as "peaceful" - total nonsense, Azerbaijan says
Iran to offer loans to support industrial production
Isbank Georgia talks about its cooperation with IFC
Restoration of territorial integrity of Azerbaijan - undoubtedly legitimate process - Georgian expert
Adidas plans to sell ailing Reebok business within months
Cargo transportation between Uzbekistan, Afghanistan grows despite decline in int'l trade
Export of cars from Turkey to France down
Yerevan's foreign policy only possible if Armenia accepts it needs to make peace with Azerbaijan - Svante Cornell
Turkish Trade Ministry says export of domestic cars to China up
Georgia sees increase in price of medicines
Turkmenistan’s geographic location offers potential for country’s economy, says US Embassy in Turkmenistan
Azerbaijan Rabitabank’s net profit for 9M2020 revealed
National Bank of Georgia takes another steps to stabilize lari exchange rate
Procedure for calculating total amount of insurance premiums approved in Azerbaijan
Turkey's export of cars to US edge lower
Karabakh hostilities cause direct disruption to health care amid COVID-19 - WHO
Import of Turkish cars by Azerbaijan declines
Yerevan must withdraw troops, mercenaries and terrorists from Azerbaijan - Turkish Defense Minister
Azerbaijan reveals data on imports for 9M2020
Germany's nine-month import of cars from Turkey down
Apples emerging as export crop for second year in Georgia
Azerbaijan reveals 9M2020 trade turnover volumes with major partners
Nagif Hamzayev: Azerbaijan writes new pages in the world military history
Turkey's 9M2020 export of jewelry to Ukraine doubles
Azerbaijani artillerymen continue to make precise strikes at firing points of Armenian armed forces (VIDEO)
Tender: Khazar Consortium to buy materials for smooth operation of oil field facilities
Int'l organizations miscalculate military arsenal of Armenia - MP
Turkmengas opens tender for purchase of equipment
Uzbekistan’s 9M2020 export volume of fruits, vegetables revealed
MagtiCom leads with highest ARPU rate in Georgia
New apartments inagurated in Iran
Azerbaijan's overall exports for 9M2020 unveiled
Kazakhstan to increase electric vehicles manufacturing by 2022
CO2 emissions prevented in Kazakhstan as renewable energy projects launched
Revenues of mobile operators in Georgia down
Uzbekneftegaz launches condensate stabilization unit at Uzbek oil field
Azerbaijani Embassy in Russia clarifying issue on prohibiting Azerbaijani citizens to use Pobeda Airlines' services
Uzbekistan launches mineral-based engine oil production
Trend News Agency's editor-in-chief tells CNN Turk about ongoing tension in Karabakh (PHOTO/VIDEO)
Russia almost halves jewelry imports from Turkey
Azerbaijan’s AzerGold taking measures on legal assessment of illegal mining in occupied territories
Azerbaijan starts reconstructing roads leading to liberated villages of Tartar (PHOTOS)
Georgian Caucasus Auto Import adds new export markets
USAID promotes warehouse digitization of Turkmen logistics company
Uzbekistan eyes to increase cars export by 4Q2020
Uzbekistan’s private business actively involved in agriculture digitalization
Sanctions must be imposed on Armenia, says Lebanese legal expert
Attacking civilians unacceptable, Israeli ambassador says
Armenia opens additional flights to transfer volunteers to Karabakh (PHOTO)
Number of people infected with COVID-19 pandemic in Iran exceeds 550,000
Azerbaijan's president says Armenia receiving external help, including mercenaries, weaponry
Your statements every evening about how many villages, cities have been liberated from occupation bring joy to people all over Turkey - Turkish Chief Ombudsman
Azerbaijan confirms 171 more COVID-19 recoveries
Turkmenistan's import of Turkish jewelry surges
Value of Azerbaijan's goods export by road edges down
Those unwilling to fight in Armenia buy positive coronavirus test at $1,000-2,000
There is not single surviving building in liberated cities, in these villages, in most of them - Azerbaijani president
Media of many countries unilaterally side with Armenia - President Aliyev
Israel's ambassador to Azerbaijan visits Ganja, witnesses damages following Armenia's attack (PHOTO)
We have never taken and will never take any action against civilians, says Azerbaijani president
By breaking back of Armenian fascism, we save our region from great tragedies - President Aliyev
Iran’s Bahar Azadi gold coin price rebounds
Georgia, Japan sign double taxation avoidance agreement
Volume of investments to be made to Iran's Khuzestan Province growing
Auto sales drop on Georgian market
Gasoline demand to decline from 2030
Volume of cargo freight via Azerbaijani ports continues to grow
Turkmenistan forecasts total revenues, expenditures of country's financial plan for 2021
EBRD supports refurbishment of wastewater facilities in Kazakhstan's Shymkent
COVID-19 may accelerate downward trends in oil consumption of developed economies
Uzbekistan boosts jewelry import from Turkey
Azerbaijani Central Bank unveils amount of foreign currency sold to local banks
Oil demand has yet to peak for two key reasons
Karabakh conflict should be settled on issues of boundary lines, sovereignty issues - US Ambassador to NATO
Armenians fire at Azerbaijan’s Gabala and Kurdamir cities by using Elbrus ballistic missiles (PHOTO)
Azerbaijan-Russia strategic partnership to reach high level
'NATO not part of Karabakh conflict', Stoltenberg tells Armenia
All news