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Not sure why exactly
Anecdotal but it could have had something to do with the piss poor upkeep brought on by trade in options and maybe even extended warranties. I spent a lot of my youth being dragged around service shops that one by one folded through the 90s. A reoccurring comment when i asked them what was happening was that no one could or could be bothered to maintain there car anymore.
I suspect if you asked them today they'd say it was because of the forrins and tofu mob.
Cars used to be cheap. Really cheap to run, anyway, buy - not so much but most folks could get one. Think old school ford fiesta. You can imagine a sweet spot where stuff is cheap enough, reliable and roads are modern but quiet compared to now. Maybe late 70s until 1990. A Fiesta would shit on public transport for literally any journey at that point in time. And still be cheaper. Unless it was mid winter and the bastard thing wouldn’t start. Even if it didn’t the railway workers would be on strike anyway.
That is a lot of folks’ frame of reference, and they blame its loss on globalisation and the environment movement.