An unaffordable car market highlights Iran’s cost-of-living crisis
Summary
Many people in Iran cannot afford to buy a new car because prices are very high compared to their salaries. The country’s ongoing economic problems, war, sanctions, and a blockade have caused car prices and maintenance costs to rise sharply.Key Facts
- A marketing worker in Tehran earns about 900 million rials ($390) per month, around four-and-a-half times the minimum wage.
- Imported cars are unaffordable, and even local cars cost many months of a person's entire salary.
- Prices for domestic cars have increased 40% to 80% since the start of the war with the US and Israel.
- Car maintenance items like tyres and brake parts have doubled in price or more over the last year.
- Domestic cars in Iran tend to have low safety standards and contribute to high road death rates.
- Iran’s steel industry has been heavily damaged by bombing, reducing car production quality and quantity.
- A naval blockade stops goods from entering Iran’s southern ports, worsening shortages.
- These factors leave Iranian households paying very high prices for low-quality vehicles.
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