“I can’ wait for the govt solution to this problem they created........................”
It’s called ‘Cash for Clunkers’.
Also making older cars more expensive to own via taxes, inspection fees or eliminating the ability to get spare parts for them. Mandating expensive upgrades like mileage/gps installations to tax them, and any other government scheme you can think of.
While I don’t buy this particular article based on pictures, many of which have been around for years with essentially the same sky is falling story and follow-up finds normal inventory flows with ups and downs, I agree that the Government is fully capable of stepping in with a lame-brained scheme to keep its union supporters employed when the demand isn’t there. I lived in Switzerland for a while where they had incredibly rigid inspection requirements that essentially made keeping a car more than a few years uneconomic - it was cheaper to just buy a new car than to fix the old one to the standards they had. If you ever travel there you may notice how there aren’t any clunkers, almost none in poor condition or even with body damage driving around.
Also bought a used engine from Japan for our Corolla - understand they have a required replacement at 50,000 miles - the used ones being exported to the US and other markets. Governments can come up with all kinds of crazy ideas instead of relying on simple economics, and the people truly being hurt are the ones at the bottom of the scale who can’t ever afford a new car. But that may be another of the incentives to institutionalize the liberal’s dream of mass transit for the vast majority of people.