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The practice, known as the 0 km scheme, exploded in popularity. A car that would normally take months to deliver could be obtained in mere hours, with a shiny new badge and zero mileage, even though it was technically a used vehicle. Experts estimate that by 2024, over 2 million of these vehicles had entered the used car market in China, now accessible to Russian buyers seeking affordability amid rising sanctions and import tariffs.
Market Exploitation and Surging Surpluses
Several factors fueled the widespread adoption of this scheme.