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OTOH, the US new car market has been collapsing (into the secondary market) for two decades, because of escalating MSRP (offset by manufacturers' finance ops) is beyond the reach of median HH income, where value, inventory, and preference for shitty mpg ICE vehicles converge. Moreover, average trade-in cycle ("lifespan") which ranged 4-7 years at the turn of the century is now around 12 years.
Doom of the day is strictly for American consumption
As far as cars go, they currently sell a lot. But their EV situation is pretty bad. Maybe they will catch up with South Korea, China, the US, and the EU, but they had better get going.
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