Sorry, but I totally disagree!This quote is hidden because you are ignoring this member. Show Quote
Extreme examples to illustrate:
If everyone in the world changed their car every year, then we'd be scrapping 1 year old cars, and producing another 100% new cars every year.
If everyone in the world held onto their car for 10 years, then we'd be scrapping 10 year old cars, and producing another 10% of new cars every year.
So if the people at the new end of the market get rid of their cars every 3 years on average as opposed to say 10, that has to either result in:
1. an accumulation of more cars in the world, or
2. an earlier scrapping of cars that could have a longer life.
Am I wrong?
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19-12-2022 01:23 PM #11
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