In Praise of the Toyota Tercel, Last of the Bare-Bones Economy Cars


KenK's picture

You don't see cars like this much any more because, as we discovered after the 2008 crash, the real money in auto production is in the financing of newly purchased vehicles, not in their actual sale price. GM, Ford, Chrysler-Fiat  produce cars in order for Ford Credit and GMAC et al. to have something to finance and who then bundle the debt which they sell to banks, pension managers, insurance companies, mutual funds, or who ever needs a steady inbound cash flow. The actual cars are an afterthought.