Stone Added to Car Import Route; Some Push to Ban Imports Again

Latest car news indicates that the issue of halting car imports again has been raised in one of the top-level decision-making sessions of the country. Nearly three years have passed since the car import route was reopened; a route that, although accompanied by restrictions, regulatory changes and numerous obstacles, has ultimately made it possible […]

The hearsay of the latest car indicates that the issue of stopping car imports again has been raised in one of the meetings of the country's high decision-making levels.

About three years have passed since the re-opening of the car import route to the country; The path, which has been accompanied by restrictions, changes in regulations and numerous obstacles, has finally made it possible for foreign cars to re-enter the Iranian market. During this period, imports have progressed at a lower speed and volume than expected, but this supply has also been able to answer part of the market's needs and provide more options to buyers.

Not long ago, currency pressures and the position of the central bank provided the ground to stop the route of importing cars through Iranians living abroad. On the other hand, the opportunity to continue the import process of companies within the framework of registration of previous orders and related regulations was extended until the end of December; What happened meant that the entry path of a part of economic cars to relatively luxury products remained open. Of course, this extension should not be considered as free registration of new orders for all companies and cars.

But now new hearings indicate that the issue of banning the re-import of cars was brought up in a meeting at the top decision-making levels of the country. Based on these hearings, part of the government's economic team, including the Program and Budget Organization and the Central Bank, are seeking to stop car imports in a new attempt citing currency pressures. On the other hand, it is said that in this meeting, Minister Samat defended the continuation of imports and warned about the consequences of stopping it for the car market. According to unofficial information, the main point of opposition of the minister of Samat is that closing the import route again can make the market tense and have adverse consequences for the supply and price of cars.

The issue is not only the number of cars that enter the market through customs. The continuation of imports is a sign of continued supply and the possibility of competition for market participants and consumers. On the other hand, even the possibility of a ban can influence the decision of sellers and buyers. For this reason, the decision about this issue should be made according to the production situation, market needs and its possible effects on prices.

Based on what we heard, there is a possibility that this issue will continue to be investigated in the next meetings, and with increasing pressure, the risk of stopping imports again cannot be ignored. The main question is, in the conditions of domestic production deficit, how is closing one of the car supply routes going to help control the market and what is the plan to compensate for its consequences?

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