mr peters addresses the missing used car scene;

It’s important, as the saying goes, to remember the past – in order to understand the present. Why are cars – specifically, used cars – so expensive today? They weren’t once. In fact, there was once an abundance of used cars so cheap teenagers could commonly afford them.

It was unusual, at one time, for a 16-or-17-year-old to not have his own car. By the time it was time to leave home, pretty much everyone owned a car. Because how else were you going to leave home?

Those old enough to remember . . . remember.

Today, it is not unusual for a 22-year-old to not have a driver’s license – never mind a car. The stat bandied about is that roughly half of today’s 16-year-olds do not have a driver’s license. About fourth of those in the 18-22 bracket do not have one.

Probably because they cannot afford to own or even drive a car. So why bother with the license?

But why is that?

If anything, cars ought to be less expensive and more affordable today than they were back in the ’90s and before, when pretty much everyone who was old enough to drive did drive. The car – as such – is a mature technology, as the saying goes. Like computers, and microwave ovens, they ought to have become less rather more expensive. Instead, the reverse...........more..........