This is backwards. Vehicle quality has gotten much better, and that means used vehicle quality has gotten much better. Since about 2012, used vehicles have take

This is backwards. Vehicle quality has gotten much better, and that means used vehicle quality has gotten much better. Since about 2012, used vehicles have taken over the low end of sales, and now manufacturers in the US are beginning to cede that market to used. For the price of a subcompact, you can get a pickup or SUV with low miles, and Americans prefer larger cars. That’s why average new car price is so high. https://fred.stlouisfed.org/graph/fredgraph.png?g=17uXw https://fred.stlouisfed.org/graph/fredgraph.png?g=17uXw https://seekingalpha.com/instablog/49663329-trading-places-research/5874921-why-new-cars-are-expensive-in-us https://seekingalpha.com/instablog/49663329-trading-places-r...