We investigate whether the first digit of an odometer reading is more salient to consumers than subsequent digits. We find that retail transaction prices and volumes of used vehicles drop discontinuously at 10,000-mile odometer thresholds, echoing effects found in the wholesale market by...

India is one among the world’s quickest growing automobile markets and is poised to become the third largest passenger’s automobile market by 2020 . The recorded sales growth of four wheelers like car & utility vehicle has additionally up up to 7.87 % and 6.25% severally throughout...