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I never get the "discontinued model" thing. Isn't a last generation Camry just as discontinued when they start making the new one?

> Isn't a last generation Camry just as discontinued when they start making the new one?

No, because you will still have parts and trained technicians for it.

They are ~required to make parts for 8 years after, and it's the norm for the various OEMs to keep making them longer.