re: I can’t help but think a lot of people driving newer cars with upside down loans

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I can't believe that sales haven't fallen off of a cliff.

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For the most part cars aren’t impulse buys, they are a necessity.

Cars today don't last as long so new cars are replacing the ones going out of service. More drivers are added every year, which lead to more wrecks, higher repair costs lead to more cars being totaled, Government loans are re- directed to new car sales. They will always be a thriving new car market.

Thats why car dealership owners are very wealthy.