Philip Hamm
Senior HTF Member
- Joined
- Jan 23, 1999
- Messages
- 6,874
Plus there's just plain too much rolling stock out there. Part of the borrowing-debt-fiesta which has been going on for the last 20 or so years and popped into this glorius orgasm of catastrophe we call the modern economy was people borrowing to buy cars. Buy a new car when you want, not when the old one wears out. That's been the order of the day. That day is OVER. People are going to own fewer cars and keep them longer. The industry must contract.