Bad Thoughts

Thursday, September 7, 2006

"As a result, you continue to end up with an increasing volume of older vehicles on the road," he said. He rejected arguments that motorists are keeping their vehicles longer because they can't afford new models, because statistics indicate real prices have dropped in recent years.

Nonsense.

It matters little that "real prices" might have dropped if real incomes have dropped even more.

Not being able to afford a car, even if it is effectively cheaper than ever, matters little if rent, food, clothing and other essential items have risen dramatically, or work is harder to find.

Show me a $10 car and I'll show you someone with only $5 in their pocket.

Today.

(The original article has disappeared. You can find a reference to it here: http://www.canadiandriver.com/forum/index.php?action=printpage;topic=47889.0 )

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