My thoughts exactly. This applies to other "durable goods" as well. Greed is NOT good..... in the LONG run.
Originally Posted By: 440Magnum
Some time starting in the 50s and completing with the rise of the Japanese carmakers in the 80s, cars turned from being "durable goods" to use-once-and-throw-away fashion statements. That's fine so long as consumers can continue to buy new ones every 2-5 years. But when the economy gets tight and people realize, "duh, I don't HAVE to have a car payment every month!" it goes to [censored] in a handbasket for an industry that's made itself dependent on rapid product turnover.