With the beginning of October 1405, the car market continues its upward trend, and the prices of domestic and assembled cars have significantly increased. However, the intensity of these increases has been more limited compared to the severe price hikes in September, and prices are rising at a milder slope.
Factors Affecting Prices
While the car market is still influenced by the increase in exchange rates and reduced supply, the rise in prices does not correspond to the demand power. The decrease in consumers' financial capacity has prevented the increase in costs and exchange rates from fully impacting car prices in the free market, leading to limitations in transactions.
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An automotive market expert acknowledges that the price trend in the second half of the year will still be influenced by previous factors. The continued upward trend of exchange rates will maintain price pressure on the car market. Additionally, variables such as potential sanctions and restrictions on air and sea transportation could also affect price trajectories. Escalating political tensions and the occurrence of limited or widespread conflicts may also lead to new and possibly upward changes in car pricing.
Increase in Prices of Domestic and Assembled Cars
In the domestic car market, prices continue to rise. For example, the price of the automatic Tara has increased by 610 million Tomans over the past month, now reaching three billion and 350 million Tomans. The price of the automatic Dena Plus has also reached three billion and 325 million Tomans.
In other domestic cars, the price of the new Quick S today in the free market is one billion and 408 million Tomans, and the price of the Saina S has reached one billion and 433 million Tomans. In the market for assembled cars, the price trend has generally been upward. For instance, the price of the Haima S7 Pro has increased by 10 million Tomans over the past three days, reaching five billion and 610 million Tomans.
The Fidyliity Elite seven-seater has also increased by 750 million Tomans since the beginning of September and is now traded at six billion Tomans. The Tiggo 8 Pro Max remains at a stable price of nine billion and 360 million Tomans, and the new Jack J4 is sold in the market for two billion and 750 million Tomans.
Despite the natural driving force of price increases being the intersection of reduced supply and increased exchange rates, the decline in consumers' purchasing power has hindered proportional price growth. Nevertheless, the overall trend indicates that the price path for cars in the second half of the year could still be upward.
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