Monopoly in Iranian car market must be broken: Competition Council chief

TEHRAN – The chairman of the Competition Council says both car buyers and car manufacturers are unhappy with the current situation, a situation in which buyers are complaining about high prices and auto companies are saying they are suffering losses.

Reza Shiva said spare parts manufacturers are also saying that their money has not been paid, ISNA said in a report released on Sunday.
To counter such a situation some reforms must be made in order to create a balance in the car market and that definitely entails putting an end to the “monopoly” in the car market.
“If the monopolies are broken and the market becomes competitive, the auto manufacturers will surely be forced, by raising the quality of their cars, to compete with others, and thereby the price will be determined by the market,” Shiva suggested.
He also said the people definitely have right to demand a decrease in car prices.
He said he was hopeful that under the current economic situation in which prices have stabilized car prices would decrease.
Car prices increased by more than two times when the value of dollar jumped against national currency rial by about 300 percent as the West introduced banking and oil sanctions against Iran.

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