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For­eign ex­change chal­lenges and shift­ing con­sumer de­mands have brought about sig­nif­i­cant changes in the for­eign used car deal­er mar­ket.

In the past few years, sev­er­al deal­ers have ad­mit­ted the Gov­ern­ment’s ad­just­ments of im­port rules, as well as the mar­ket and cost fac­tors, have seen them move away from the large im­port of for­eign used cars, and have found them­selves in what some in­dus­try play­ers have la­belled “for­eign new.”

“Be­cause the econ­o­my is very tough right now, but we have been di­ver­si­fy­ing,” said Mikhail Ho­sein, chief ex­ec­u­tive of­fi­cer of HSM Mo­tors, in a phone in­ter­view with the Busi­ness Guardian.