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What it suggests is that recent vehicles are going to the scrapyard - cars sold during the gas guzzling madness of the past 10 years - but older vehicles, which tended to be pretty sober, are staying in the fleet.

Gah, pretty close to the definition of capital destruction.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Thu May 22nd, 2008 at 04:15:21 PM EST
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SUV were very stupid allocations of capital.
by Francois in Paris on Thu May 22nd, 2008 at 04:20:33 PM EST
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