Car Rental Market Heats Up Ahead of Nowruz; Cars Continue on the Path of Price Increases

A review of car prices in recent months shows that the prevailing trend in the market is still aimed at setting new price records, and this increase in prices has also heated up the car rental market, with rental prices for luxury cars reported to reach up to seven million tomans per day. According to a report by Khabar Online, for a rental period of three to six days, the price for renting a Peugeot 206 ranges from one million 195 thousand tomans to one million 300 thousand tomans, while for a period of seven to twenty days, the price is one million 100 thousand tomans. For luxury cars, the rental price for a Toyota Land Cruiser for the same three to six-day period is suggested to be between six million 500 thousand tomans and seven million tomans. The car prices in the market still indicate that purchasing a car has become out of reach for many potential buyers. In this context, Khabar Online reported that the price of a Dena Plus automatic turbo optional model 1402 in the market is one billion tomans and 15 million tomans. The price of a simple manual Dena Plus model 1402 has also reached 755 million tomans. The Rena Plus is priced at 600 million tomans, the Saina S manual gasoline model 1402 is priced at 420 million tomans, and the Saina S automatic model 1402 is priced at 485 million tomans. The price of the Samand is around 675 million tomans in the Iranian market. Reports published in the media also indicate that automakers had limited car supply in the last three months of the year to offer higher prices in the new year through behind-the-scenes agreements with the Ministry of Industry, Mine and Trade. Car production and supply in Iran is completely monopolized, and this monopoly has led to a ban on the entry of high-quality foreign cars into Iran. Experts attribute a very high share of air pollution, gasoline consumption, and fatalities from accidents to domestic automakers. The price surge in the car market; spare parts will also become more expensive next year. Half of Iranians live below the absolute poverty line; the Deputy of Raisi: Wage growth should align with the economic conditions of the country. Selling hundreds of millions of tomans in car allocation for assembled cars; various cars will be made more expensive by the 'government'. Media reports indicate a decrease in car supply; automakers' agreement to increase prices next year. The government's move to increase gasoline prices; the Minister of Economy's advisor: Let's talk to the people, then increase prices.