From Korea to Idlib, Car dealers in Idlib complain recession, high costs ...Syria

News by : (ُEnabbaladi) -
Idlib – Anas al-Khouli Car dealers in Idlib, northwest Syria, are complaining of financial losses due to the increased shipping costs and taxes imposed on car imports during their journey from the country of origin to Idlib, in addition to market speculation and the flooding of local markets with cars. Mohammed Youssef al-Khal, owner of “Al-Hoot” car trading company, told Enab Baladi that the car market in Idlib has become very bad in recent weeks, with sales dropping by 75%, and traders are sometimes forced to sell cars at a loss to dispose of the stock they have. The trader attributed the decline in market activity to the closure of trade routes to the eastern areas that traders relied on

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