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Severe Impacts on Used Car Prices post demonetization
According to statistics, the second hand car market in India is far bigger than the new car market. This market is driven by 75% of sales and merely 25% done through True Value, Auto Terrace, Mahindra First Choice, Carnation and other organized players. With Narendra Modi`s masterstroke demonetization hitting hard on Indian economy, here is how the ban has impacted on the second hand car market.
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