Several influential factors define the consumer demand for new cars. These are largely macroeconomic factors like gross domestic product, unemployment rates, consumer confidence, and interest rates. Demographic shifts, urbanization and technological advances also play crucial roles, contributing to the changing consumer preferences. Additionally, regulatory changes that emphasize environmentally friendly alternatives...
Discover more insightsThe global used car market is experiencing noteworthy alterations driven by several factors. Key determinants include dynamic consumer behavior, technological breakthroughs, and regulatory frameworks. In many regions, a shift from car ownership to usage is driving demand for pre-owned vehicles. Concurrently, technological advancements are reshaping the landscape, introducing digital platforms...
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