[allovernow]

>In most places, new cars are more expensive than used ones, but if you stopped providing new cars, the price of the used ones would shoot up as everyone started competing for a dwindling supply of cars

An unspoken consequence of cash for clunkers. Practically overnight 100k miles was considered "low mileage", which was ridiculous before people started needlessly trashing perfectly good used cars.

[smogcutter]

Eh, I’ve heard that before as well but I don’t know if it’s true. By the time the program ended in 2009, cash for clunkers had taken ~700k cars off the market. The same year, about 35 million used cars were sold in the US[1]. Cash for clunkers was a rounding error.

[1] Had a hard time finding statistics for 2009, but it’s in here: https://www.niada.com/PDFs/Publications/2010IndustryReport.p...

[Spooky23]

The 100k mile thing came with the enhanced emission controls in the late 90s.