Passenger car sales in Bangladesh fell to a 10-year low last year as prices increased due to appreciation of the US dollar against the local currency and prevailing economic vulnerability across the nation, according to industry people and market data.
Reconditioned car imports surged by more than 75 per cent year-on-year in July-October despite the ongoing economic uncertainty and the government's efforts aimed at discouraging the purchases of luxury items from external sources, traders say.