No, it's the fact Cash for Clunkers ruined the used car economy. I've always driven used cars. A 2007 VW Jetta. A 2008 Mazda Protege, a 2002 Oldsmobile (until 2018). From 2018 to 2023 a 2007 Toyota Prius. 2023 a 2013 RAV4.
I looked at EVERY used car in a 100 mile radius on every platform you can think of and the 2013 RAV4 with 105,000 miles at 15k hit the dealer lot the night before I purchased (they had multiple calls for that vehicle while I was filling out paperwork). Its because all the old people sold off there late 90's and 2000's cars that there STILL are no used cars anymore that aren't absolute junk (155k mileage plus junk selling for 15k - 20k). This lets dealerships sell new cars & trucks for way, way too much. If Cash for Clunkers never happened, used cars would be the competition for new cars like the Toyota Camry which are uncomfortable, basic vehicles but which set the pricing floor for the other manufacturers vehicle lines. No competition so set it at a high price point marketing it as new even though the rest of it is junk and then you can charge a premium on oyher vehicle options. (Hate the Canry but I love Toyota vehicles don't get me wrong).
All us poor people who just want a to work and back vehicle & who would buy off craigslist from private sellers don't have a market anymore and have to go dealerships. Pickups are overpriced I'll agree, and are faux status symbols, but the used market itself reaked havoc on trucks too.
I looked at EVERY used car in a 100 mile radius on every platform you can think of and the 2013 RAV4 with 105,000 miles at 15k hit the dealer lot the night before I purchased (they had multiple calls for that vehicle while I was filling out paperwork). Its because all the old people sold off there late 90's and 2000's cars that there STILL are no used cars anymore that aren't absolute junk (155k mileage plus junk selling for 15k - 20k). This lets dealerships sell new cars & trucks for way, way too much. If Cash for Clunkers never happened, used cars would be the competition for new cars like the Toyota Camry which are uncomfortable, basic vehicles but which set the pricing floor for the other manufacturers vehicle lines. No competition so set it at a high price point marketing it as new even though the rest of it is junk and then you can charge a premium on oyher vehicle options. (Hate the Canry but I love Toyota vehicles don't get me wrong).
All us poor people who just want a to work and back vehicle & who would buy off craigslist from private sellers don't have a market anymore and have to go dealerships. Pickups are overpriced I'll agree, and are faux status symbols, but the used market itself reaked havoc on trucks too.