I still don't see much point in buying any vehicles new. My wife seems to want a brand new car just to say she has one. In 2001 I purchased a 1997 Accent with a salvage/rebuilt title for $1300. Sure it had 95K miles on it and was rough as a cob, but it served its purpose and gave me 13K miles before I sold it for the same price. The same goes for this poor punk up at UNT. He had two cars and dropped out of school, could only take one home to California. He decided to sell his 1994 Cavalier to me for $1000. This was in 2000. I bought it, it ran rough, I changed the plugs and wireset, and it drove like new. I detailed it, put it on Excite classifieds, and sold it for $2800.
If I needed an econobox for some reason, like if my employer (at a place 10 miles away, which I am happy to drive my 10mpg Suburban to) suddenly comes to me and offers me a management position at their store 60 miles away, I will be looking at $1000-$2000 cars. Mid-to-Late 90s Saturns, Cavaliers, Escorts, Neons, Corollas, Sentras, Mirages, and Civics, etc etc. I still get 30-40mpg, still have airbags (some even ABS), and don't have to fork out $12-15K, let alone have a fat car payment for the next 5 years. I could be laid off at any moment, there's no sense in dropping 5 figures on a vehicle I might not need in 3 months.