Quote:
Originally Posted by fielderLS3
A couple reasons. First, used car prices (really, anything prices) are high...it's a side effect of inflation and currency devaluation.
Second, a 20 year old S-10 is better than a new Colorado.
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Used vehicle prices are high because the new car market imploded 5 years ago combined with an increased demand for more affordable vehicles. A lack of supply (plus a slight increase in demand for less expensive cars) causes prices to go up. Over those 5 years, there have been something like 20 million fewer cars sold than there normally would have been. That drives the prices up on nearly-new used cars, which in turn puts more pressure on slightly older cars, and so on and so forth until you have 20 year old trucks costing more than they should.