Recently published research from Business Monitor International, "Iran Autos Report Q3 2014", is now available at Fast Market Research

Boston, MA -- (SBWire) -- 08/05/2014 --The medium-term outlook for Iranian auto production remains cautiously optimistic, reflecting the temporary deal reached between the US and major powers over the future of its nuclear programme in November 2013. In 2013, Iranian new vehicle sales totalled 601,407 units, according to information from the Focus2Move website. This reportedly represented annual growth of 17.9%.

Early indications for 2014 also appear encouraging, with Focus2Move reporting that new vehicle sales were up by 27.1% over Q114, at 157,156. On current trends, this would suggest full-year output in the region of 630,000 units, representing annual growth of around 5%.

Moving forward, much will depend on how the talks between Iran and the major powers progress over 2014. Should sanctions be permanently eased, then there is scope for more rapid growth in new car sales as the Iranian economy - especially its key oil sector - regains access to the world's markets. However, if the talks fail and new sanctions are imposed, then the future of the few remaining international carmakers - such as Renault - still operating in Iran would be called into question.

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BMI's core view remains that the interim agreement between Iran and the so-called P5+1 (United States, Russia, China, United Kingdom, France and Germany) countries on the former's nuclear programme, which was signed in November 2013, will be extended for another six months following its expiry on July 20.

The next round of nuclear talks between Iran and the six world powers will take place in Vienna on June 16. Significant incentives for all sides to continue talks will likely impede an early breakdown in negotiations. However, elevated political and technical challenges make it unlikely that a long-term agreement will be reached over the next few months. As a result, we continue to see a 45% chance that talks will continue over the next one to three years. Although a degree of scepticism is to be warranted, we continue to see potential for a...

The Iran Autos Report features the latest data and forecasts covering production, sales, imports and exports.

Business Monitor International (BMI)'s Iran Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Iran.

Key Benefits

- Benchmark BMI's independent automotives industry forecasts on Iran to test other views - a key input for successful budgetary and planning in the Iranian automotives market.
- Target business opportunities and risks in the Iranian automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Iran.
- Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts and views, covering production, sales and the introduction of new technology or products.

Global, Regional and Country Industry Overviews

In-depth analysis of the major global and regional developments in the market, which can be linked with the country industry overview, providing cross-country investment, product and financing trends that will affect each market, supported by BMI?s global and regional industry forecasts.

Business Environment Rankings

BMI's proprietary Autos Business Environment Rankings are a unique country-comparative Risk-Reward Rankings index that separately analyses the risks and rewards of operating in each market. It is aimed at investors (including manufacturers, suppliers and dealers) who seek to either identify and compare market opportunities, or evaluate country-specific operational challenges.

The rankings methodology makes sophisticated use of over 40 industries, economic and demographic data points.

BMI Industry Forecasts

Historic data series and forecasts to end-2018 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Total production value (US$bn); total production of units; production by vehicle-type (including cars, commercial vehicles, trucks and buses); total sales value (US$bn); sales by vehicle-type, including passenger cars and commercial vehicles (vans and microbuses, pickups, trucks and buses, 4 wheel drive); total exports by value (US$bn) and by units; total imports by value (US$bn) and by units; contribution to GDP; employment in industry.

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