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 and said that even with imports, car prices will skyrocket.
He stated that given the allocated foreign currency of one billion dollars for car imports and the cap of 10,000 to 20,000 dollars for each car purchase, a maximum of 100,000 cars can be imported. Considering the need for one million cars annually, the unmet demand over the past four years, the accumulated multi-million car demand in the country, and the need to bridge the price gap based on 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, the controlled regulated prices will slip out of the government’s hands and skyrocket. According to the government’s resolution, SUVs will not be imported; consequently, these rare cars will become luxury and exclusive like 20 years ago, and their prices will increase dramatically.
