When I did a vacation in Sri Lanka our guide told us some cars appreciated i 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.
If there were only a set number of cars available and creating more was prohibitively expensive, cars would appreciate in value as well.
And to be clear, I’m not talking about the house; building more of those is expensive, but doable. It’s building more land that’s the tricky part
When I did a vacation in Sri Lanka our guide told us some cars appreciated i price because the government increased (I believe it was that) import taxes.
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.