170 karma · joined October 24, 2014
If you want a reasonably priced plane to go buzz around on the weekend, you get a 172 from the 60s-70s for $25k-$60k. If you've got $300k+ to spend on a plane and wanna get the latest and greatest, then you start looking at new 172s or an SR20 or something.
Planes don't really die unless they get crashed, are seriously neglected, or an AD comes out with prohibitively high costs to get in compliance (e.g. L-13 Blanik). Almost all those old planes are still around, so there isn't much reason to be buying new ones. It's a testament to the success of the 172 that 50 years later, nobody is buying new basic trainers and the only way to sell new aircraft is to offer the latest and greatest tech.
-Paul Erdos
That being said, I certainly wouldn't be happy if my new volvo did that; they should definitely be held to higher standards than my $500 beater.