alt Hacker NewsThat's an opinion. One I agree with in principal, but not reflected in sales figures.
Also I'd be willing to bet that if interest rates dropped, car purchasing would skyrocket even at current prices.
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overfeed • yesterday at 7:08 PM
> One I agree with in principal, but not reflected in sales figures.
In the absence of perfect competition and perfect information, one cannot infer from the absence of sales that there is no demand for item X.
People in the U.S. have to own a car. There are no inexpensive options any longer.
Car loans would be ticking time bomb on the U.S. economy. All it takes are waves of layoffs and therefore droves of unemployed people saddled with car loans.