Iran’s auto production has declined on the back of difficulty in sourcing parts, according to Fars News Agency. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Previously, the Industries Ministry regularly published statistics on car production. However, following consecutive declines, the ministry stopped publishing such reports and the latest data has been released by the news agency. Total automotive production in the first nine months of the Iranian year (to December 21, 2019) totaled 572,965 units, a 24.8% on-year decline, according to Fars. However during the latest month, ending December 21, car production doubled compared to the same period a year before, with output at 85,740 cars— a 104.5% boost, it said. Almost all foreign partners of Iranian carmakers pulled out of the country after US sanctions targeted Iran’s automotive industries but auto producers have reportedly started using alternative auto parts suppliers, including […]