Iran Autos Q1 2019
In 2019 (April to March), we are maintaining our view that total vehicle sales growth will slow to 3.6%, down from anestimated expansion of 11.9% in 2018, as the US sanctions take hold and the pressure on consumers increases. That said, we don'tbelieve that Iran's automotive sector will weaken to the same extent to which it did previously under sanctions. This is as it hassupport from the EU, China and Russia which will mitigate some of the harsher consequences of the US sanctions. Furthermore, theIranian economy is more prepared this time around to deal with the sanctions.
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