15
Oct
Why do people prefer pre-owned cars? This requires a factual justification. As per Allied Market Research, the global used car market has a bright future as it will soar to $1355.15 billion in 2027 where it was at $828.24 billion in 2019. That is a whopping 8.3% CAGR in the seven year span from 2020 to 2027! However, a thorough analysis reveals a number of factors that are significantly promoting such a forward-thinking trend globally. Automakers have been producing more cars as compared to the past, of course, and offering a variety of cars while taking the needs of the…