Title: Market Analyst Forecasts Stable Trajectory for Iran’s Automotive Sector
Subtitle: Expert points to currency stability as a key factor in calming market fluctuations.
A leading market analyst has provided a reassuring outlook for Iran’s domestic automotive market, predicting a period of continued stability for vehicle prices.
A Calm and Predictable Market
Ebrahim Shojaat, commenting on recent price trends, stated that the automotive market has experienced a stable and relatively uneventful week. He attributed this calm directly to the observed stability in the foreign currency market.
“The price trend for cars was almost fixed in the past week, and even a slight decrease was seen in some products,” Shojaat noted. “Overall, as predicted, the car market experienced a stable and somewhat sinusoidal trend with a short fluctuation range, moving within the price range of recent weeks.”
Continued Stability Forecast
The analyst expressed confidence that this positive trend is set to continue, contingent on the maintenance of current economic conditions. “It is predicted that if the economic and currency conditions remain stable, this trend will continue until the end of [the Iranian month of] Aban, and the car market will remain in a calm state without serious fluctuations,” Shojaat added.
A Snapshot of Recent Price Adjustments
Recent data from the domestic car market illustrates this stabilizing trend, with several models seeing minor price corrections:
- The manual Tara V1 saw a decrease of 11 million tomans, reaching a price of 1.101 billion tomans.
- The Dena Plus Automatic decreased by 7 million tomans, now trading at 1.346 billion tomans.
- The Shahin Automatic G model’s price was reduced by 5 million tomans, now valued at 1.220 billion tomans.
- The Quick GXR also experienced a decrease of 3 million tomans, with a current price of 677 million tomans.
This period of predictability offers a clear view of the market, underscoring how broader economic steadiness directly influences key domestic industries.