Those who think Istanbul is expensive should look at this list! World ranking in automobile prices announced
Original headlineİstanbul'u pahalı sananlar bu listeye baksın! Otomobil fiyatlarında dünya sıralaması açıklandı
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Deutsche Bank and Numbeo data show Istanbul ranks 36th among 55 global cities for new car prices, with a Toyota Corolla costing about $45,000 there—roughly 2.5 times the $18,000 price in Tokyo, the cheapest market surveyed. The study highlights how taxes and import duties inflate vehicle costs in Turkey relative to income, even as Istanbul remains far cheaper than Singapore, which tops the list at around $130,000 per car. The findings matter for Turkish consumers and automakers because they quantify how levies distort one of the country's largest retail categories. Watch for whether Ankara adjusts the special consumption tax (ÖTV) structure, and for how pricing shifts if the lira's volatility continues.
Muhabbit's AI wrote this summary in its own words from Ekonomim's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
Istanbul, Numbeo, Deutsche Bank