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Yep Posted by B Millar [Email] (#1109) [Profile/Gallery] (more from B Millar) on Sat, 10 Jan 2009 10:57:01 In Reply to: Too many cars in the marketplace..., bill h., Sat, 10 Jan 2009 10:20:31 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Just like everything else. Isn't the United States' population sort of slowing down? Our economy has been based on fulfilling the needs of the ever-increasing number of people with electronics, cars, houses... Part of the reason the housing markets have slowed, we just don't need them! Stop building new ones!! We haven't made any life-changing technological breakthroughs lately, computers are getting marginally better and cheaper, but I'm finding when you buy a computer it doesn't go obsolete in a week like it used to, so people have slowed down buying them. And then there are cars. You go look at a big GM dealer and they've got rows and rows and rows of the same cars for sale. Who on earth is going to buy all those? Supply and demand people! If you saturate the supply side of things, the demand for all those cars isn't going to be there. On top of that, unlike in years past, it's not all that uncommon for a car to reach 100- or even 200k miles. Aside from the people who buy cars every two years because they get bored with them most people don't feel the need to buy new cars often. My father for example, is still driving his 1996 Caravan, and the only reason my mom's car is an '05 is because someone hit and totaled her previous car.
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