Why Detroit is in trouble

Nov 11, 2008 09:12

Re-visiting the car

FWIW, Mr. K is a car guy; he follows the industry pretty closely, and wishes he'd been an automotive engineer (when he's not wishing he was a Formula 1 driver).  But we always buy used cars.  The newest car we've ever owned is our current Ford Focus, which was a year old when we bought it.  But we once had neighbors who bought new vehicles every year or two.  I guess they just figured they would keep paying car payments -- car rent, really -- on whatever was new/hot that year.  I simply don't get that mindset...

economics

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