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@DFP
The thing with most cars over 15 years old is, there comes a time where they have a negative value. No matter how many tens of thousands it cost new, no one wants some big old fuel guzzler. Cars are more difficult to understand (mechanics) and to store, so used cars are indimidating for that reason, people concerned about huge maintenance cost/problems when they could just buy a new one. Quite rapidly cars become worth more in scrap metal than as a vehicle.
Buying new cars is very much a culture engrained in this country. Most people dont drive things more than 10 years old, and in most places youll see a large quota of this years models.
In the rest of europe (well ive been to italy & spain) it seems most people drive cars 12+years old. And quite common to see 20 year old bog standard bottom of the range cars still being maintained & used fully.
I think the value & disposability of vehicles is largely cultural.