I agree that I'll miss Trends. They had such pretty pictures!
Seriously, the market for Trends just died off. With the advent of the internet Forum as the major dispenser of technical information, magazines have lost a bit of their niche. You can follow the build up of a car in 15 minutes, not 15 monthly installments. And your questions can be answered in hours, not months.
That's not to say there's not a market for magazines. HVW's is doing okay still, and the new German Addiction looks promising. But when a magazine loses it's "base" or direction as Trends did, it won't take long for it to die off.