According to the NYT, " Twenty years ago, cars had, on average, one million lines of code. The General Motors 2010 Chevrolet Volt had about 10 million lines of code — more than an F-35 fighter jet.
Today, an average car has more than 100 million lines of code. Automakers predict it won’t be long before they have 200 million." According to the Morgan Stanley analysts and Tesla acolyte Adam Jonas, all this technology is going to destroy the value of used vehicles. Perhaps. But I would offer another scenario and that's one in which we have a two-tiered auto market. One features high-tech vehicles from GM, VW, maybe Apple or Tesla. The other tier is from developing nations, such as Chinas Chery or Malaysia's Proton. They will make stripped down transportation.
It's possible nobody will want that and the only market will be for high-tech vehicles. But it is possible.