Iranian Sales To Moderate

May 2007 | BMI View

Production and sales growth in the Iranian automotive sector is set to slow in the years ahead due to constraints on household spending and a moderation in economic activity, according to BMI's latest Iran Automotive Report. Government statistics show that Iranian automotive production surpassed 1mn units in 2006/07, confirming BMI's estimate of 1.03mn units. Meanwhile, sales in 2006/07 are estimated at 1.08mn, a 5.3% y-o-y rise. Sales are slower than in 2005/06, when growth reached 25.7%. The rapid rise in the cost of basic necessities is having a negative impact on household-spending on cars, while higher producer-prices are pushing up

If you would like to subscribe to Middle East & Africa Automotives Insight and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Middle East & Africa Automotives Insight please click on the trial link below.