The car market today was significantly affected by price increases. In this market, cars such as Dena Plus Automatic and MVM X77 faced substantial price hikes, raising concerns about the future of this market. While household purchasing power has decreased due to economic conditions, these price increases are not accompanied by a real boom in transactions.
Severe Increase in Domestic Car Prices
Today, Sunday, October 19, 1405, the prices of domestic cars showed an upward trend across all models. Among the cars surveyed, Dena Plus Automatic recorded the highest price increase of 160 million tomans, reaching 3 billion and 690 million tomans. Additionally, the price of Sorena Plus dual-fuel with a large cylinder also grew by 45 million tomans, reaching 2 billion and 760 million tomans.
Read more: Mahdi Mohammadi: New Mechanism for Refund of Excess Tax Paid by Wage Earners
Overall, the price of Peugeot 207 Automatic increased by 100 million tomans, reaching 3 billion and 700 million tomans. Meanwhile, Saipa also witnessed price increases. The price of Quick S zero reached 1 billion and 620 million tomans, and the price of Saina S reached 1 billion and 685 million tomans. Additionally, the price of Shahin G with a sunroof increased by 100 million tomans, reaching 2 billion and 820 million tomans.
What Do the Government and Experts Say About the Future of the Market?
Car market experts acknowledge that with the continuation of the current conditions, including sanctions and currency fluctuations, stability in prices cannot be expected. This situation, especially in the autumn season, which is usually accompanied by increased demand, could lead to further price increases.
According to experts, these price increases may continue in an unstable manner without a real boom in transactions. Currently, the decrease in household purchasing power has led to a reduction in the number of real buyers, which could result in a situation where prices rise, but the number of transactions significantly decreases.
Rise in Prices of Assembled Cars
The market for assembled cars also witnessed significant price increases today. The price of MVM X77 increased by 980 million tomans, reaching 6 billion and 400 million tomans. The Fidyliity Elite seven-seater also rose by 120 million tomans to 7 billion and 500 million tomans. Additionally, the price of Jack J4 zero increased by 480 million tomans, reaching 3 billion and 230 million tomans.
This trend in the market indicates an increase in demand for assembled cars while purchasing power decreases, which could lead to an imbalance in the market. Especially for buyers seeking more affordable vehicles, these price increases could create serious challenges.
Read more: Allocation of 110 Hectares of Land in Chabahar Port to Afghanistan for Investment · Increase in Car Prices in the Iranian Market; Shahin and Mazda 3 Set Records
