In the days of Corona, when travel is stagnant and people are unable to travel, the car market is in a serious slump and prices are unstable.
Previously, the car market was waiting for the exchange rate for any change, but now several factors have made the car market calm down. The first is the certainty of Biden’s victory in the US elections, which gives the markets hope for a better future. Which has had a positive impact on all markets.
Hot News:Bahareh Rahnama’s billion-dollar car was marginalized in the Iranian dinner program + film
The third is the promise of car manufacturers to increase production and supply of more cars to the market by 50%. Finally, the possibility of free imports of foreign and second-hand cars has calmed the market.
These factors, including a sharp drop in travel at the peak of the corona, have left the car market in a slump. Buyers and sellers in the market can not speak with certainty about the future of the market, so it is difficult to determine the price on a variety of cars.
What is certain is that car prices are currently in a recession and will continue to decline unless there is a certain change. Many car owners are trying to convert their car into money in a stagnant market, and buyers are also looking to convert their rials into goods so that their capital does not fall further in unfavorable economic conditions. In this ambiguous situation, the Ministry of Silence and the car manufacturers have also remained silent and left the market to the buyer and seller to set the price.
What is clear is that the foreign exchange market has become a compass for other markets, including cars, after the country’s economic situation fluctuated. As other market participants and automakers traded before trading, they first looked at exchange boards to adjust their prices based on exchange rate fluctuations. But as mentioned, in a situation where the exchange rate in the market has been slightly advanced, it can be seen that the price of cars has decreased.
A market activist says that the announcement of the preliminary results of the US elections and the wave of optimism that swept the country’s public markets, including the car market, caused the demand side to refuse to participate in the market in the hope of lowering prices. This was followed by a lockout of transactions and a slump in the market.
This trend continues in the car market. Of course, the other side, the sellers, or in other words, the suppliers, took a different path from the demand side, and we saw their widespread presence in the market. So that suppliers, along with the optimism created about reducing non-economic risks, bring the available cars to market and try to sell them as soon as possible.
Hot News:Sooti Ajib surprised everyone in Reza Rashidpour’s program! + Controversial film
In a situation where this market activist speaks of a decline in demand and an increase in the supply of cars, in October of this year, car transactions showed another aspect. As the owners of stray capital as well as that part of the unrealistic applicants came to the market and wanted to convert their rials into cars in the shortest possible time, but at that time the sellers did not offer cars to the market because the price trend was unstable and the chart was bullish. .
This market intervention continues. Along with the optimism of the demand side, we see a further drop in prices, which has also led to an increase in supply by the automaker. What is clear is that the Ministry of Silence has promised to increase production by 50% by the end of this year by preparing a package for the leap in car production. Although the package is set to be reviewed by the Economic Coordination Council of the three powers, the announcement has had a positive effect on the market’s price trend.
Hot News:Wild demons were arrested in Tehran! / Victims complained + video
Meanwhile, another expert believes that given the declining trend in car prices in the open market and the resistance of some stakeholders to lower factory prices, a reduction in the free market rate below the factory price is not unlikely.