Sri Lanka is on the verge of bankruptcy and the condition of the automotive market here has become very bad. The side mirror of an affordable car like the Maruti Suzuki WagonR is selling for Rs 11,035 in this country.
When there is no budget to buy a new car in India, customers turn to second hand cars. These cars are cheap and staying within your budget can save a lot of money in many ways.
But there is also a neighboring country of India where buying a used car is a very expensive deal, today we are telling you about Sri Lanka.
The atmosphere is such that there is a huge shortage of Maruti Suzuki WagonR parts in Sri Lanka and the side mirror of this affordable hatchback is also selling for Rs 11,000 in the market there.
Sri Lanka on the verge of bankruptcy!
In the rest of the world this work is very cheap. Even with this budget in India, you can easily plan both home and small business.
In fact, Sri Lanka is on the verge of bankruptcy and inflation is skyrocketing, so the government has banned the import of all non-essential goods so that the country’s dollar reserve can be saved.
According to the report of the news agency AFP, the people of Sri Lanka have very few options for private vehicles to buy.
Few options for second hand cars equipped with features
Apart from this, strong demand is coming out, due to which the prices of second hand cars have started touching the sky. Small size cars are being sold here hand-in-hand even after being extremely expensive.
At this price, a house can be bought at very good places. The options for second hand cars equipped with features are few, so their price has been kept very high.
For those who have bought a car by early 2021 living in Sri Lanka, it has now become a very beneficial option for them.
All the customers mostly kept on buying imported cars.
There was no domestic car industry environment in Sri Lanka, as all the customers mostly kept buying imported cars.
But due to the current financial crisis, automakers cannot produce cars, in such a situation, there can be an unusual increase in the prices of second-hand cars in the coming time as well.
Here the 5-year old Toyota Land Cruiser is selling for around Rs 2.34 crore and the 10-year old Fiat is selling for around Rs 6.18 crore.
