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Kartik Aaryan Flaunts His Lamborghini Urus SUV, Check Out Its Price And Features

Kartik is known to own one of the best luxury SUVs out there, and it is the Lamborghini Urus super SUV.

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Jake Paul's Net Worth, Crypto and NFT Investments

We research and break down Jake Paul's net worth, assets, investments, and any crypto and NFT holdings. How much is Paul worth in 2023?

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5 Shocking Cars Owned by Current and Former Super Bowl Winners

Athletes are drawn to cars. Be that organically, because they love their looks, power, and features, or because of their job, becoming a brand ambassador...

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Snoop Dogg Net Worth - Know How Rich He is | Benchmark Monitor

Find out how much is Snoop Dogg net worth by reading this blog post. We have mentioned the necessary details.

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Ryan Garcia Net Worth: Age, Height, Weight, Career, Bio, House, Assets

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Virat Kohli Net Worth 2021, Lifestyle, Car Collection

Virat Kohli positions first in the rundown of most generously compensated Indian cricketers. He is as of now the foundation of group India and furthermore the No. 1 competitor for breaking Sachin Tendulkar records.

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China Wants to Build a $306 Billion Used-Car Market From Scratch

China Wants to Build a $306 Billion Used-Car Market From Scratch
Bloomberg
1/6/2021
Katrina Nicholas
(Bloomberg Businessweek) -- Although China has more than 270 million vehicles on its roads, only an estimated 15 million secondhand models were sold in 2019. That’s in sharp contrast to places such as Australia, the U.K., and the U.S., where people buy more used cars than new ones. So policymakers, intent on stimulating domestic consumption, want to change that. China is aiming to double the size of its secondhand-car market to about 2 trillion yuan ($306 billion) by 2025. To get there, Beijing has slashed taxes on used-car dealers, in May reducing the levy to 0.5% from 3%—far less than the 17% tax on new vehicles. It’s also making it easier for dealers to trade used cars among themselves by classifying a secondhand vehicle without a license plate as a commodity rather than a personal asset, which simplifies the transaction. “The used-car-trading business is about to enter a brand-new chapter,” says Xiao Zhengsan, secretary general of the China Automobile Dealers Association (CADA). “We will see more positive policies in this area.”

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