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Consumer preferences are also changing dramatically, influenced by a mix of safety, technology, and environmental concerns. Younger generations, particularly millennials and Gen Z, are showing a preference for sustainable automotive options. Many are opting for car-sharing services or ride-hailing apps instead of traditional car ownership, showcasing a shift in how people perceive transportation. In response to this trend, many automobile manufacturers are adapting their product offerings by developing flexible ownership models and expanding mobility services.


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