I was going to mention that about the engines, but since the question was about aircraft models I decided not to. Not only is it very expensive to certify a new engine, it opens the companies up to ruinous lawsuits. If a pilot goes flying with open buckets of gasoline in the passenger seats and decides to make a cup of tea with his Svea stove and the plane blows up, you know that the engine manufacturer is going to be sued (and lose) because the engine manufacturer didn’t design the engine to not start when it detects that the pilot is loading open buckets of gasoline in the cockpit.
In the 1970s aircraft manufacturers built up to something like 15,000 or 17,000 per year. This, in spite of the first oil embargo and recession. In the 1980s a total production (of all manufacturers) of 2,000 aircraft was considered a good year.
I remember a lawsuit after a Cessna crashed. I don’t remember enough to find a cite, but as I recall there was a husband and wife aboard. They were both flight instructors and IFR certified. They flew into a thunderstorm and were subjected to severe up- and down-drafts and turbulence. They crashed. Their family sued Cessna (for not building an airplane that could fly into a T-storm) and Lycoming (alleging that the engine contributed to the crash). Even though the NTSB determined the engine was functioning normally, they won a judgement against Lycoming. Cessna had to pay $40 million. It wasn’t long after that that Cessna said, ‘You know what? To hell with it. If our customers are so stupid that they fly into T-storms, and then we get sued for it, we’re just not going to build piston-engine singles anymore. We’ll just sell to corporations, which have more sense.’
Until the General Aviation Revitalization Act of 1994, airplane makers were liable for all of their products. Theoretically, a maker could be sued for something that went wrong on an old aircraft even if the state of the art was not up to current standards when the aircraft was built. [Anally-derived example:] Suppose an owner lives near the sea and doesn’t take precautions against corrosion on his 1947 Bugsmasher 180 and there is a structural failure. Why didn’t the manufacturer design the airplane not to corrode, or use a modern (1990s) anti-corrosive coating when they built the aircraft? GARA limits liability to 18 years (another difference from cars!). Soon after that, more piston-engine singles (including Cessnas) started rolling off of the assembly lines – but nowhere near the numbers seen in the '70s.
It is my belief, which I’m sure people will dispute, that lawsuits killed aviation in the U.S. and drove up prices. In the 1960s a new Cessna 172 could be had for something like $9,000 to $12,000. (I’d have to do some searching.) In 1976 my dad bought his first plane, a six-year-old Cessna Skyhawk, for a little over $10,000. Today a 1970 Skyhawk will set you back over $40,000. With very few new airplanes being built, prices on the used market skyrocketed. I think that more expensive airplanes caused flying to become more expensive (and yes, there was the 1979 oil embargo too, and the rising fuel prices in the '80s) and fewer people were learning to fly. Fewer pilots meant fewer airplanes needed to be made. ISTM that while demand went down, supply went down more. In the early-'60s a brand-new 172 cost about $10,000. I don’t know what that is in 2009 dollars. Today a brand-new Skyhawk costs over $300,000.
It’s eighth on the 5,000 - 10,000 list. 