Iran's luxury cars imports up 30%
- Iran: Thursday, September 20 - 2012 at 10:31
Iran has imported more than 15,750 luxury cars, worth around $341m during the first five months of the current Iranian year, which began on March 20, showing some 30% rise year-on-year, Tehran Times has reported. The cars were mainly imported from the UAE, South Korea, and Oman. Iran's automobile market is highly protected against imports, allowing in only 40,000 vehicles last year, despite steadily growing demand mostly met through domestic production of some 1.6 million cars per year. There are now an estimated 14 million vehicles on Iran's roads, more than double the six million registered in 2005.
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