• David Posted: 11/3/2010 7:10pm PDT

    Consider yourselves lucky in the US that you've only experienced a 2 year glut in the car market. In Australia, we had 10 years (between '87 to '97) where car sales slumped and basically forced everyone to buy used. In the mid '90s the average car age became so high that 1970s cars were still a common sight everywhere. Blame it on 2 bad recessions (in 87 and 91), and ridiculous import duties of up to 57% on cars.