What would happen is the price of new cars would be drastically slashed until people started buying them. This would start a chain reaction that would propagate

What would happen is the price of new cars would be drastically slashed until people started buying them. This would start a chain reaction that would propagate all the way down the supply chain. For the reason why this would actually be a good thing, I recommend (to everyone who will listen!) to read How an Economy Grows http://freedom-school.com/money/how-an-economy-grows.pdf http://freedom-school.com/money/how-an-economy-grows.pdf Its kind of long, but its a very entertaining read.