Companies / Iran
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.
Uncertain Future For Auto Industry
December 2006 | BMI ViewSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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.
The Iranian automotive market will face a slowdown, with sales forecast to grow by just 4.4% in 2006, down from the double-digit figures of recent years, according to BMI's latest Iran Automotive Report. Car sales are set to rise by 3.8%, a fall from 4.4% in the previous quarter's forecast, while commercial vehicle sales are set to rise by 5.8%, down from 8.0%. Our downward revisions are in relation to rising consumer price and producer price inflation, which are squeezing demand. The price of basic goods and industrial inputs is rising rapidly, leading to a sharp slowdown in