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The primary driving force behind the increasing demand for used vehicles is economic. New cars can be prohibitively expensive for many buyers, especially young professionals or families on a budget. The cost of new vehicles has steadily risen over the years, leading consumers to turn to the used car market for more affordable options. Furthermore, used cars offer greater value as they tend to depreciate at a slower rate compared to new ones. This means that buying a used vehicle often translates into a wiser investment.


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In conclusion, understanding the influence of the 7% of passenger vehicles is essential for shaping our transportation future. While they represent a small fraction of total vehicles, their impact is magnified in terms of environmental concerns, urban planning challenges, and societal dependency on personal transport. By promoting sustainable transport solutions, enhancing public transit, and encouraging shared mobility, cities can take meaningful steps toward reducing the challenges associated with this segment of passenger vehicles. With a concerted effort from policymakers, urban planners, and the public, we can pave the way for a more sustainable and efficient transportation network that benefits both individuals and the environment.


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