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> Imagine how pissed the car industry must be now since most people drive cars for 10-15 years instead of replacing them once per few years like iPhones.

They have been for years, Western markets have been saturated for years - that's the reason why especially the German carmakers shifted all their attention towards China, the only place left that has enough wealthy people to afford their cars.



> Western markets have been saturated for years

The car market has not been saturated since 2020.




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