Motorists have the freshest choice of new cars in history, but the vehicles’ ever-shorter shelf life is hitting car buyers in the wallet through increased depreciation as models go out of style a lot faster than they did 30 years ago. A U.K. industry-data provider, CAP Automotive, says its analysis of new-car model introductions over the past three decades finds a dramatically shorter lifecycle for new vehicles than ever before. The period between replacement-model introductions ...

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