Intelligent CIO Middle East Issue 113 | Page 36

TALKING business

TALKING business

TALKING

‘‘ business

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Extending the value chain of vehicles

The region has been known for its strong preference for new cars; however, prevailing trends demonstrate a U-turn. Analysts predict that the region’ s used car market will grow at a compound annual growth rate of 10 % until 2028, driven by a range of factors, including population growth, expatriate influx, rising disposable incomes, flexible financing options, explains Abhinav Gupta at CARS24 Gulf Region.
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