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by jtbayly 1763 days ago
Used cars have a natural price cap, and my understanding is that it has been reached. They are too close to the price of a new car to go any higher.
5 comments

Maybe, but with new cars being sold for above MSRP, that natural price cap is rising.
The price of a new car is whatever the dealer is willing to let it go for. MSRP is a starting point, not the final price, which can be literally anything.
Not everywhere though. I recall Venezuela had unusual car prices about a decade ago.

Car dealership inventory was very low due to currency controls and wait times at car dealerships increased to months.

A slightly used car, inmediately available for sale, was more expensive one than a new one with months wait.

Yeah, I normally buy used, and this time I just bought new (technically I leased new, but it's the first time I'm leasing a car in my entire life), because it just didn't make any sense to me to buy a used car for almost the same price as a new car.
If you can get a new car. In theory, a used, available car could be worth more than an unobtainium.