Lasting effect of "Cash for clunkers"?

[b5blue]

Still my friend has a 98 z-71 chevy and said similar trucks were bringing 4500.00 on eBay. (With over 200K miles on them?) 

[Mike DC]

In 1990 people were struggling to understand how a '69 Charger could bring $4500. 


It's just supply, demand, and inflation.   


Today the dealerships are loaded with brand new pickup trucks that cost $45,000 and beyond.  $4500 is 10% of that. 

[b5blue]

Yea, I just fact checked what he said and found 2 similar trucks for under 2K around Tampa. 

[ACUDANUT]

A lot (most) of these cars are going to an auction company (they buy trade in's from the dealers). They are bought up by Mexicans and towed/driven in caravans straight South.
I see this in person once a month (on the interstate). They are driven by Mexicans and headed south.  It does not bother me one bit either.

[ACUDANUT]

 I just sold my Daughters 2000 Pontiac Grand am se for 1000 bucks. It only had 120K miles on it. It ran perfect..... Rust and paint fade made it ugly.