We're constantly being bombarded with vehicle commercials and there's some social trends that pressure ya into buying a new car every tear or so. It's not surprising that some will buy an overpriced truck to appear more masculine. It's not so different from the iphone craze.
I don't think that's the case. Anecdotally, virtually everyone I know buys used. The debt would likely be much higher if many/most weren't. The article has graphs, show under $4500 debt per capita.
A used car that's only a few years old and in great condition could easily be around $10K-20K. Depending on style, etc.
In comparison buying the latest Galaxy or iPhone is a fraction of the cost and more of a trend. Even poor people seem to have iPhones.
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