Comment 66834

By Undustrial (registered) - website | Posted July 23, 2011 at 11:34:59 in reply to Comment 66827

I used to be a little more sceptical about the "end of the auto era". In the last few years nearly every major auto-maker has hit serious trouble, Gas prices are at record highs (again), cars are shedding resale value like a cheap prom dress (bikes are gaining it), and the Middle East has found entirely new ways of being unstable.

I would suspect we're going to see big changes a lot sooner than most expect. These issues are compounding, not just building.

Next to their home, cars are the most expensive thing in most people's lives. For many, ditching their car would gain them as much cash as taking a second job. As rising oil prices push up the cost of living, that's going to become a more tempting option to anyone who doesn't NEED that car immediately.

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