Bump and amen. Two years ago when I was looking for the truck I now own, many dealers cursed nobama for the cash for clunkers program. They said it will take years for the used market to stabilize again.
The used car market may never stabilize. Today’s plastic cars are built to be thrown away rather than kept and tinkered with. Although I have a newer car, I’m much happier with my 1995 Camry. Parts are cheap on the Internet and any side-of-the-road mechanic can replace them. With the newer car, only an expert can fix it, and every little problem seems to stimulate a $500 repair estimate.
In a few years we’ll stabilize to become Cuba. Only grandpa will own a car because all the kids will have become government-conditioned not to even want one.