That screeching is a great example of what helped shift people (and design/manufacturing budgets) away from building lighter and lower cars. No point prioritising those things which help handling when speed limits keep being set well below the safety limits of actual trucks (let alone cars), you can't advertise sporty handling, and roads become more and more potholed.
Take away people's ideas of one form of enjoyment when driving and they'll find another - this has ended up with everyone having ideas of adventure instead and now you've got herds of nominally off road capable SUVs everywhere and many more four wheel drives than there used to be in urban areas.