this post was submitted on 27 Jul 2025
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When I did a vacation in Sri Lanka our guide told us some cars appreciated in price because the government increased (I believe it was that) import taxes.
Edit: Appreciation due to car scarcity
It's mind-bending that a car now cost what a new house cost, when I was a kid.
The cost of goods should go up. It is a healthy sign of the economy. The fact that wages don't is the problem.
(This was way after covid).
If I remember it correctly, the government is heavily restricting import of foreign brands.
Our guide drove an imported japanese EV.