Uxin Limited Surges in Fiscal Year Amidst Market Challenges

Uxin (UXIN) has released an update.

Uxin Limited, China’s leading used car retailer, has reported a significant year-over-year growth in its fourth quarter and full fiscal year 2024, with vehicle sales increasing by 38% in the traditionally slow first quarter. Despite a challenging economic environment and competitive pricing strategies in the auto industry, Uxin’s unique business model and emphasis on efficient operations have allowed it to improve its gross profit margin and reduce costs, setting ambitious targets for further growth and profitability in the upcoming fiscal year.

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