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Pre-owned Car Market: The pre-owned car industry, which stayed strong despite challenges in FY22, saw a significant 14-16% growth in FY23. This growth was driven by factors like the market reopening, a growing preference for personal mobility, and rise in disposable incomes. The industry is expected to grow at a rate of 15% in FY24. ....
It’s been a rollercoaster of prices for the car industry since the start of the pandemic. Now there’s a shift happening. Used car prices are dropping. ....