23 Hrs
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الاقتصادية
Automotive industry shifts as Americans retain cars longer
Given that the article focuses on the increase in the age of cars on American roads, where the average vehicle age has risen to around 13 years due to rising prices and weak demand for new cars following the COVID-19 pandemic, the report highlights that consumers prefer to keep their old vehicles because of the high costs involved. It also notes a growing investment in maintenance services and spare parts, along with shifts in the strategies of manufacturers within this sector.
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