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.
(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.
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
Same happened everywhere during covid.
It’s mind-bending that a car now cost what a new house cost, when I was a kid.
(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.