Key Takeaways Iran’s car market is a paradox. Despite low factory prices, inflation and import costs make cars unaffordable for many. State-run car lottery system. Iranians enter a lottery for the chance to buy cheap domestic cars at factory prices. Imported cars are exorbitantly priced. Import duties and taxes inflate prices by up to 200%, making them luxury items. Cars as financial assets. Due to inflation, cars in Iran are seen as safe investments rather than depreciating assets. ✦ AI assisted, editor reviewed The ongoing war that the US and Israel are waging against Iran has obviously spiked fuel prices here in America. But Iranians contend with an even harsher…
Iran Makes $4,300 New Cars That Almost Nobody Can Buy
