The article is focused on the market for gasoline and oil, not on the market for new and used cars. Demand for oil has been consistently rising for 100 years.

The article is focused on the market for gasoline and oil, not on the market for new and used cars. Demand for oil has been consistently rising for 100 years. Imagine you run an oil refinery and 5 years ago you thought the market would rise 25% by 2040. Now you discover that it will not grow at all. Pretty shocking.