– Sales revenues for car dealers have dropped 10% to 15% as a result of the volume of car imports showing a downward trend and a rise in value-added tax (VAT), said Executive Board President of the Trade Union of Car Dealers Ibrahim Debbich.
A 30% reduction in the import quota between 2017 and 2018, a 25% increase in the consumption tax rate on imported vehicles coupled with a 19% rise in VAT affected the sector, Debbich told TAP.
The import quota for 2018 stands at 45,000 cars. This and the depreciation of the Tunisian dinar along with the deterioration of the purchasing power pushed sales down.
