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Well built for specific uses, but not necessarily well built to ensure lots of them are on the roads decades after their release.
I partially agree with but for different reasons that you're stating.
That 1980 Camaro was a far simpler car that modern cars. Simple generally means more repairable, but that comes at other costs. Economics have shifted this behavior in western society. In 1980 labor was cheap and simple machines meant lower skilled workers could accomplish the work too. Meaning when your 1980s Camaro was slipping out of gear it made sense to take your Camero to a transmission shop (do those even still exist now?) and have them do a full teardown of your transmission and get the synchros replaced. Today it is almost unheard of to get transmission work done and instead your Auto Technician will simply replace the entire transmission if any problem is occurring inside with a synchro.
Further, that Auto Tech will also be part Electronic Technician with knowledge of hydraulics, air emissions, HVAC, and more. That makes for a much more expensive labor per hour charge.
Passenger safety and crash survivability has improved dramatically from cars 30-40 years old.
Automotive emissions were in their infancy 40 years ago, which is a partial cause for the climate change we live with today.
I've driven old cars. Things start to break that don't break on even moderately old cars. Rubber seals on all kinds of things deteriorate. Rust claims the structural integrity. Long mechanical wear has you doing repair after repair always bracing for the next expensive thing. Its no panacea .