Iranian vehicles market in March was enormously hit by the Coronavirus, as the Government imposed lockdown measures in order to slow down its spread. Indeed, sales plummeted 88.5% in March with only 8.467 units sold, ending the first quarter at 159.786 (-29.9%).
Iranian vehicles market has collapsed after all imports have been stopped and high inflation and economic crisis dropped down the domestic demand. Following the already sharp -35% reported in the previous year, in 2019 sales dropped 45.1%.
Iranian vehicles market pushed the brakes in 2018 with 1.194.505, down 23.1%, hit by new sanctions from US and internal structural weakness, not addressed by reforms and modernization. Saipa - less affected than foreign car-makers - took the lead ahead of Renault.
Iranian vehicles sales in the 2017 reported an almost positive performance albeit the slow start of the year, fueled by a rocketing economy. The market is now the most important in the World for Peugeot, leader with over 28.8% of market share.
Iran Auto Market in First Half 2016 moderately down hit by the economic difficulties created by the persistent low oil price in the international market. Peugeot was the leader.
Iran Vehicles Market in 2015 fell 8% hit by low oil price. Following the euphoric reaction to the normalization of international trade, the crude reality refrained people to buy a new car. Peugeot was again on top.