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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Blackswanny   😊 😞
Number: of 15055 
Subject: OT - car prices.
Date: 02/03/2023 1:42 PM
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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.
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