(Persia Digest) – High price fluctuations in the automotive and mobile markets in recent days have stopped people from making purchases in Iran.

Persia Digest (PD) reports that the automotive market has been facing unimaginable prices over the past year. Price rises have been especially steep over the past two months to the extent that some car models have faced price spikes of 100 percent. But these have dropped significantly in recent days, especially for imported cars. These fluctuations and instability in prices have stopped people from purchasing cars.

Many experts cite the reason for this as the lack of supervision by the government over dealerships and profiteers in the automotive market.

Read more:

86 percent fewer mobile sets imported by Iran

Mobile sales in Iran halved

Car prices rocket in Iran

Price rises for petrol, water, electricity stopped in Iran

Similar circumstances reign over the mobile market in Iran. According to the Mobile Telecommunications Expert Committee, the market has come to a standstill and everyone is waiting until the situation is clarified as the current situation of the mobile market is unpredictable.

Mohammad-Mahdi Ghafourian said: “It is best to keep the mobile register for travelers open so that both importing companies and individuals can supply the market.”

Persia Digest (PD) reports that the passenger mobile registry site was due to close in mid-May. But the president of the Mobile Telecommunications Union announced yesterday that the site will continue to work until further notice.

Click here for more economic news.

Follow us on Twitter

* captcha:
* Comment: