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Sure, as an individual I can always buy a used car. But that doesn't change much globally: cars are generally driven until they're uneconomic. If not by me, the
by greglindahl 10y ago
Sure, as an individual I can always buy a used car. But that doesn't change much globally: cars are generally driven until they're uneconomic. If not by me, then by someone else.
Put another way: if too many people buy new cars, then the price of used cars falls. There are enough people who compare the value of used cars vs new ones that a lower used car price causes them to prefer used over new. This is a fundamental feature of the car market, and that's why car dealers make it easy for you to trade in your used car.