Iran Car Prices Soar Amid Economic Crisis

Al Jazeera · world

Iran's car market is unaffordable due to a severe cost-of-living crisis. A 32-year-old marketing specialist earning four-and-a-half times the minimum wage cannot afford new domestic or imported cars. Prices for locally made vehicles have risen 40-80% since a war began on February 28, with some increasing over 130%. Maintenance costs have also doubled or tripled, outpacing salary growth and highlighting the nation's economic struggles.