Iran’s car imports drop 68% in month

TEHRAN,May 15(MNA)-- Iran’s car imports fell by 68.3 percent in number in the first Iranian calendar month of Farvardin (March 21-April 20). Some 518 cars, valued at $12 million, were imported to the country in the month of Farvardin. The imported cars were 63.6 percent lower in value compared to the same month last year. The average price of an imported car was $22,736. About 94 percent of the cars were imported from the United Arab Emirates, and the rest from South Korea, Kuwait and other countries. Iran plans to manufacture at least three million cars by 2025 and export some one million sets, Iranian Industry, Mines, and Trade Minister Mehdi Ghazanfari said last June.