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Insight of the Day: Cost of living crisis is fueling booming used car market

The article discusses how the increasing cost of living crisis is leading to a booming used car market. With the prices of essential goods and services on the rise, many people are turning to the used car market as a more affordable option for transportation.

The demand for used cars has been steadily increasing, leading to higher prices for pre-owned vehicles. This trend is expected to continue as long as the cost of living crisis persists.

The article also highlights the importance of conducting thorough research and inspections before purchasing a used car, as well as being aware of potential scams and fraud in the market.

Overall, the cost of living crisis is driving more people towards the used car market as a cost-effective transportation solution.

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