I agree.A bit of both.
Supply versus demand. Plus there has to be some fat in it for the dealers.
20 years ago most P platers drove run down unsafe ****boxes.
Now they are more likely to drive a new Corolla, i30 or [insert small car here] due to greater family wealth and focus on safety.
Unless it's an interesting sports car or hot hatch no one wants used cars anymore when new cars are so cheap.
In the old days a cheap unrealiable car could be fixed easily and cheaply, these days cars are expensive to fix if you don't DIY, in particular European cars.
Or I could buy my child a $20k brand new car that is safe and reliable. A brand new $20k car has Auto Emergency Braking these days! 10 years ago, your $200k Merc S Class didn't.
If you want good resale, buy a Corolla or a WRX. Neither are cutting edge, but are tried and proven- an advantage of using old technology.
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