Sales of New Cars In Iran – Data, Trends, Charts & Analysis
Here you will find annual car sales figures for Iran. These statistics are Total Market Volumes, which include passenger cars as well as light commercial vehicles (LCVs).
The Iranian car market is the largest in the Middle East and now that the embargoes have been lifted it’s expected to become one of the fastest growing markets in the world, with the potential to double or even triple within the next decade. That would put Iran in the same ballpark as markets like France, Italy and at the high end the UK. A combination of the following four factors will fuel this expected demand: a huge population of 80 million people and years of pent-up demand, with car ownership’s estimated at 80-100 cars per 1,000 people compared to around 600 per 1,000 in Europe. Thirdly, the Iran’s current fleet is ageing, with 2.5 million of the 16.8 million light vehicles over 20 years old. And finally the lifting of sanctions, which has already fueled foreign investment from French and Chinese automakers ready to start producing locally.