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I agree, though what a commercial would do is make me aware of a new car's existence, then I'd check it out, read reviews etc.
The ad wouldn't persuade me to buy it though.
When I attended some business seminars last year a few talks were about marketing. The attitudes of consumers had changed a lot since WWW revolution. Paper / TV ads now have far less convincing power to directly make people part with the money - they simply can make people aware of the new product. People instead are turning to 'online experts', review sites, blogs, friend's advice before making purchase - just like you say {you will likely use honest john, top gear magazine, autotrader, forums, youtube and so on}. Companies are obviously aware of this and will get sites to review their products, share stories on FB, all of that social nonsense, etc. The broadcasted ads are now simply a good way to tell your customers "We have released this new cool product; check it out" or "Hey, we are still here! Remember us?"