zlacker

>>paulpa+(OP)
Don't forget that the Obama administration had the Cash for Clunkers program that destroyed the engines of the cars that were turned in. It did take a bunch of guzzlers off the street, but it also stripped away a large number of cars that might be in the used car market still (it ended in 2009, so some 15-year old used cars are not part of our world.

Big part of the issue? Probably not. Contributor? I expect so.

>>quanti+x2
Average age of cars were 14 years old and almost all exceeded 100k miles. A majority were domestic SUVs. Adding 14 years to those cars means we are missing out on 680k mostly ford and Chevy suvs made in the 90s with probably at least a quarter million miles. The us has sold close to 200 million new cars since 2009, meaning even if we assume all those clunkers were still on the road we’d increase supply by less than a half percent of new sales. Probably not much of a factor on current pricing.