>>2439009I'm still not sold - NZ's cars are older on average than America's and there's still not much in the way of early 90s vehicles on the road nowadays, let alone anything earlier. There are ~283 million cars in America today, so scraping 690,000 is a very, very, very small part of the market.
Then you can throw in other factors: Most of those cars must already have been worth less than $5-6k (otherwise it'd make more sense to sell them used than to scrap them.), they had to be younger than 25 years old (e.g. 1983 onward) and get less than 18 MPG (which the average new vehicle did before 1990),
and a good chunk of them would be taken out of action anyway (the flip side of them selling cheaply is, at a certain point between 2008 and 2025 they're likely to become more valuable as parts than as a car…) or bought by hobbyists who needed something to do during covid. (post covid inflation + car sales slowdown seeming a more plausible explanation for any price problems at the low end of the market today.)
There was no Cash for Gameboys or Cash for useless STN-display 90s office laptops scheme, and both of those are now selling for prices that'll make you wish we'd bring back the Law of the General Maximum.