A huge fraction of the used car market is not price sensitive. They are the same old idiots who finance a boat at 20%. The reason they're in the used car mark

A huge fraction of the used car market is not price sensitive. They are the same old idiots who finance a boat at 20%. The reason they're in the used car market is because they've been told their whole lives that depreciation is for suckers and therefore they should buy a used car. They aren't price sensitive, they're just doing what they think they're supposed to be doing.