Market & IndustrySmart
In Iran, new cars cost $4,300, but almost nobody can afford them
Local makers sell ultra-cheap models, yet inflation and low wages keep them out of reach for many buyers.
23 September 2026 1 min read 2 views
In Iran, some local carmakers offer brand-new models for around $4,300, a figure that looks almost impossible by European standards. These are extremely basic vehicles, built to keep costs as low as possible and often based on older designs.
The real issue is not just the sticker price: inflation, currency weakness and low salaries mean that many consumers still cannot afford them. It is a clear reminder of how far car-market realities can be from those familiar to Italian buyers.