[twojacobtwo]

I would bet that those numbers don't include a large number of private/p2p sales and cash sales, given that they're from a credit agency. Perhaps I'm wrong, but based on the number of sub-$3000 cash sales I've seen in my extended circle of acquaintances over my lifetime, I'm pretty sure there's a large chunk missing from the data.

But even then, assuming they somehow capture every resale of every vehicle, most people who can barely afford a car are not buying another car as soon as their payments end. Many, such as myself, drive a car until it dies. We tend to also learn a good deal about vehicle mechanics/maintenance to keep it going 'on the cheap' until either the engine or the transmission fails catastrophically and it becomes cheaper to get another used vehicle.