Car prices are skyrocketing
Seyed Ali Mousavi, a member of the Islamic Consultative Assembly, pointed out the flaws and ambiguities in the government’s regulation for car imports, saying that even with imports, car prices will skyrocket.
He stated that given the allocation of one billion dollars for car imports and the cap of 10,000 to 20,000 dollars for purchasing each car, a maximum of 100,000 cars can be imported. Considering the need for one million cars annually and the unmet demand in the last four years, which has accumulated into a multi-million car need in the country, to eliminate this price gap given the supply and demand ratios in the car market, this amount of imports will not only fail to reduce prices and make them competitive, but also, taking into account potential sanctions and the government’s lack of success in this plan, even the controlled prices will slip out of the government’s hands and skyrocket. According to the government’s resolution, SUVs will not be imported, resulting in these rare cars becoming luxurious and exclusive like 20 years ago, and their prices will increase dramatically.