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Just to clarify my thinking on this one, the car isn't a commodity. What is actually the commodity is either x distance travelled. In the same way an airline seat is a commodity but a plane isn't. So what people are really selling and buying here is the ability to drive oneself a set distance at a set point in time. That's the commodity. The rest is just managing the capital cost around that commodity, like managing the ownership and use of a plane.


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