As soon as you drive your brand new car out of showroom, its value starts decreasing. What’s the reason for such fast depreciation?
In: Economics
Answer: Your question is outdated, and this is no longer true across the board. Buying certain in-demand vehicles can actually immediately increase in value due to demand far outweighing supply. Others may diminish in price so slowly that they later sell for more even if their relative value has decreased somewhat.
Source: I’m shopping for small trucks and the only new model is the Maverick, which people are reselling for 5-10k over the retail price, and older 15-25-ish year old models like the Toyota Tacoma or Ford Ranger can go for more than their MSRP if they’re in decent shape.
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