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The broader economic landscape plays a critical role in car pricing. During times of economic prosperity, consumers are more likely to spend on higher-end vehicles, resulting in higher average transaction prices. On the other hand, during economic downturns, buyers may opt for more affordable models, leading to decreased demand for luxury vehicles. Interest rates also play a significant role; lower rates make financing more accessible, while higher rates can deter potential buyers, impacting overall car prices.


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China is currently the largest heavy-duty truck market in the world. According to recent statistics, the sales of heavy-duty trucks reached unprecedented levels, driven by urbanization, industrialization, and the expansion of e-commerce. Logistics companies are increasingly relying on heavy-duty trucks to ensure timely and efficient delivery of goods. The government's investment in infrastructure, including highways and freight terminals, has further boosted the demand for these vehicles.


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