Research on factors affecting second-hand car market prices

HIGHLIGHTS

  • What: The findings of this study also revealed that the market for used automobiles is characterized by a significant circulation and a multitude of factors that have an impact. This study has the following main goals: First, systematically summarize and analyze the main influencing factors of current second-hand car market price fluctuations and provide a comprehensive framework of influencing factors. There are many variables, and this study examined how mileage, year of manufacture, and exterior color affect price. This study examines four key factors that influence used car prices through a multiple linear regression model.
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