Lower Car Prices Good for us???

I think it's fair to say that the Govt made the assumption that the public will be very happy with lower car prices.

But honestly are we more happy, less happy or indifference at all? We're a sample of the population.

There are already X million cars on the road owned by Y million drivers like us. Most people would take bank loans to buy their cars. And I suspect most would have yet to settle their loans in full especially if their cars are new.

Even if we change cars and benefit from lower prices, we would also have to suffer a loss when trading in our current vehicles. So what does that make us? More happy or less happy?

I would argue that only those people who are upwardly mobile (economically) and intend to change cars will benefit from lower prices. But for those who can barely make ends meet and are stucked with their existing cars, they'll be on the loose end. Now they can't even dispose their cars coz they're worth less than their outstanding loans with the banks!