ASre Khodro: While the removal of international sanctions has created vast opportunities for global market players to enter and/or re-enter Iran, the state of the Iranian automotive market prior to the historical announcement had looked grim. Since 2011, the number of car sales decreased dramatically – falling 53% from 1.5 million to 0.7 million in 2013. Between the start of 2014 and the end of 2015, the market climbed up slightly, averaging only 0.9 million.
ASre Khodro: While the removal of international sanctions has created vast opportunities for global market players to enter and/or re-enter Iran, the state of the Iranian automotive market prior to the historical announcement had looked grim. Since 2011, the number of car sales decreased dramatically – falling 53% from 1.5 million to 0.7 million in 2013. Between the start of 2014 and the end of 2015, the market climbed up slightly, averaging only 0.9 million.