Or perhaps people are starting to realize that you don’t need a new car as soon as your 5-year loan is paid off.
I do okay financially; if I wanted a new car, I’d buy one. I bought mine brand new off the lot 15 years ago, and I intend to keep driving it until I can no longer repair it. Why would I possibly want to buy a new, 5G-connected, spyware-infected plastic shitbox when what I have works perfectly well and probably has another 100k miles of life with a few minor repairs and maybe an engine swap at 2-300k or so?