Iran's car market crisis deepens as prices soar

Iran's car market crisis deepens as prices soar

Iran's car market has become unaffordable amid a cost-of-living crisis worsened by war and sanctions. Domestic vehicle prices have risen 40-80% since the conflict began, with some models up over 130%. Officials describe the industry as a 'mafia' system, while low-quality cars contribute to over 20,000 road deaths annually.

Source: Al Jazeera

More in Business & Finance

Read the live feed on ZapIndies