Used cars as expensive as new?
I bought a 2014 accord in 2017 with 30K miles for $13K. Which has depreciated by 40% in 3 years. The car still runs great at 90K miles.
Now I see that 3 year old cars depreciate by less than 10%. I understand that used car prices went up during COVID due to availability. But I guess there are no such problems now and the used car prices didn't come down at all.
Is it going to be a new norm? Or should we expect them to come back to 40% depreciation in the near future?