[bkjelden]

The premium isn't really absurd the way it used to be.

Across a number of segments, a 3 yr old used car with 30-50k miles will still bring close to 90% of its original MSRP on the used market.

Gone are the days where a car lost a third of its value when you drove it off the lot (for most segments).

[CraigRo]

You've had extremely high inflation over the past 3 years, along with a shortage of used cars. I had one totaled during peak insanity and got 7% more than I bought it for (used) 6 years earlier. But real (inflation adjusted) depreciation curves are still in existence, if slightly flatter as the cars have become more durable.