Dear Forum,
I am currently creating structure to calculate market size of used car in 2021.
Assumption:
1.It will be traded only once in useful life (10years)
2.30% of car owners like to trade their car.
3.Salvage Value (0)
Market size in USD=Number of new Cars purchased in 2016*30%*Price of car/10
How does it look like? Appreciate your comment. Thank you so much