Until 2006-2007 the US produced about 12-14 million cars/light trucks a year. Huge numbers of those went to the rental fleets.
The Ford Taurus was Ford's best selling car for several years with a majority of the going to fleets along with the likes of the Impala and the Intrepid. After just a year or two of service those cars were dumped back on the market at extremely low prices driving down the entire used car market.
Then the financial crisis started in 2008 and annual car sales dropped into the 8-9 million range and has very slowly crept back to 10 million range. The market number guys say the US needs to produce 10-11 million cars a year just to replace those that quit and get crushed every year. The fleet cars are being kept longer and the entire market is much tighter than it was. If you notice new car prices are way up due to fewer incentives (MSRP hasn't jumped to much though). Prices are up because there are fewer good used cars to buy and the new car prices are sky high.
In 2005 I bought a 2004 Taurus with 18K on the clock for $9900. Those days are long gone, in fact that same 2004 Taurus with 60K or less is still worth $9000.
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Today's Featured Article - The Revival of a John Deere Combine - by The Red, John Fritz. For several years I had been driving by a farm house on the west side of Indianapolis that had a John Deere combine parked in high weeds in a lot behind the house. The gentleman no longer farmed because the entire area was developed with housing and light industry. I had stopped several times and knocked on the door but no one would answer. My curiosity was up and I wanted to contact the owner. I wanted to see what he planned to do with the combine.
... [Read Article]
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