Vehicle scrapping centers reported 50% drop in production, Hassan Karimian said

According to Tejarat News, vehicle scrapping centers now include 220 active centers that operate with their own investment, but production at these centers in the first five months of this year has decreased by about 50 percent compared to 1404. The country’s economic situation and wartime conditions are considered among the main factors for this decline. In addition to these factors, reduced vehicle production, import conditions, and a shortage of working capital at the scrapping centers have also affected their activity. Part of the centers’ output has not been sold and has not returned to the financial cycle, and this issue has reduced their ability to continue operations and to provide working capital..