Uxin Limited (UXIN) has released an update.
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Uxin Limited, a leading Chinese used car retailer, reported a mix of year-over-year and quarter-over-quarter growth and declines in their third-quarter financial results for FY2024. The company experienced an increase in retail transaction volume and total revenues compared to the previous quarter but saw a decrease compared to the same period last year. Facing aggressive new car pricing, Uxin’s gross margin dipped, but they remain optimistic about future growth and profitability, with a target to reach EBITDA profitability by the end of 2024.
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