Iranian vehicles market fell down in double-digit in the first quarter 2018, breaking the recovery scored in the last two years. Internal turmoil and structural economic weaknesses cut domestic demand. However, Peugeot grew up 32% of market share.
Iran’s economic outlook is at risk after the announcement of US to restart sanctions, along with structural weaknesses including a high unemployment rate and a battered financial sector. However, the firm position taken by Europe in favor of the agreed pacts, will vanish effects of Trump’s decision. Nevertheless, FocusEconomics Consensus Forecast panelists see growth accelerating to 4.1% in SH 2018, unchanged from last month’s estimate. In SH 2019, growth is expected to edge up to 4.2%.
Iranian vehicles market is recovering after the fall created by the US sanctions with sales down at 784.000 in the 2013, at 40% of the all time record. Since 2014 the market is recovering and fast growing. In the 2017, according to data released by the Iranian National Bureau of Statistics, sales have been 1.347.000 (+15.3%).
|Sales 2012||Sales 2013||Sales 2014||Sales 2015||Sales 2016||Sales 2017||Sales 2018 e|
|2012 Var||2013 Var||2014 Var||2015 Var||2016 Var||2017 Var||2018 var e|
The 2018 start was almost negative. Indeed light vehicles sales have been in January 129.581 (-8.9%), in February 127.515 (-9.1%) and in March 113.858 (-16.7%) ending the first quarter with 370.954 sales (-11.5%).
The market leader Peugeot has sold 121.234 cars, up 1.5%, with 32.7% of market share.
In second place Saipa with 64.814 units (-46.6%) ahead of Iran Khodro with 45.878 (+8.2%), Renault with 439.964 (-4.0%) and Chery with 17.556 (-1.4%).
Research, Consulting, Data & Forecast Store
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|Rank 2018||Rank 2017||Brand||Sales 2018||Sales March||Variation 2018||Variation March||Share 2018||Share March|
|Rank 2018||Rank 2017||MODEL||Sales 2018||Sales March||Variation 2018||Var. March|
|4||5||Peugeot 206 sedan||29.900||11.300||-0,8%||19,2%|
|5||6||Iran Khodro Samand||26.780||8.260||-7,0%||-8,1%|
|6||1||Saipa Pride/ 100-Series||23.793||7.754||-69,4%||-67,0%|
|8||11||Iran Khodro Dena||16.174||5.618||80,1%||109,2%|
|10||8||Renault Tondar Stepway||14.560||3.703||3,2%||-21,3%|