Reporting "Asre Khodro", Prices for several locally produced cars were expected to increase in line with the annual inflation rates. But according to the latest figures published by the website, all local car companies will stay put with prices with only "a minor increase in some cases."
The new pricing regime announced by the local companies seems to not burden car buyers at the start of the year (March ۲۱), as had been anticipated.
Low-price models such as the SAIPA Tiba are now priced at ۲۵۰ million rials for the sedan variant, whereas the previous list price for the vehicle before the Norouz holiday season was ۲۴۸ million rials.
Other low-cost models which continue to sell well in the local market include the SAIPA ۱۱۱ SE Pride which previously sold for ۲۱۵ million rials. The new list price for this model according is ۲۱۶ million.
Meanwhile, Iran Khodro's best selling sedan, Dena, now retails for ۴۲۵ million rials, unchanged on the pre-New Year price tag.
Another vehicle produced by the national car company is Peugeot Pars, which according to the new price charts now costs ۳۷۴ million rials. In early March it was selling for ۳۶۹ million rials according to local pricing website Iran Jib.
Meanwhile, privately-owned Kerman Motor's locally produced JAC S۵ is ۸۵ million rials, which is ۱۵ million rials more than last year.
Farbod Zaveh, an auto industry expert, told the automotive website Asre Khodro earlier this week that the new Iranian Year will not see a radical shift in car prices in the saturated auto market.
Zaveh, CEO of West Click, an automotive technology company, said that with the increased competition of foreign firms [Chinese and French] in the local market, the average prices will not increase like in previous years.
"With investment by the likes of France's Renault, domestic car buyers now have more choice to buy from several companies."
Source: financialtribune.com
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