Subject: OT - car prices.
As BRK has dealerships..... I'm confused by what's going on in the market... in the UK
We recently purchased a new car and it's the economics of second hand car prices I'm interested in....
I sold the used car we purchased 7 years ago back to the garage for 10% less than what we paid for it new and they're listing it for sale now 20% above the new price we paid 7 years ago, how does that work!?
Purely inflation and supply and demand? Seems crazy to me on a depreciating asset. It's just a Ford, nothing special.