Thanks for the link. I think with the substantial increased popularity of leased vehicles since the article, the idea that used cars are mostly bad cars isn't a

Thanks for the link. I think with the substantial increased popularity of leased vehicles since the article, the idea that used cars are mostly bad cars isn't as on-point as it may have been. Most "newer" used cars, which most financial people tell you are the best deals, are cars that have come off of original leases, not vehicles that were fully purchased and traded back in. Cars are also higher quality and many dealers offer certified pre-owned warranties that would cover most issues for some time. But overall, the idea of information asymmetries in the used car market is dead on. There is some data like Black Book pricing, but since the costs are derived from auction prices, which I have to assume are done in the open, even with restricted access, I'm still surprised there isn't some better cost data published like with new cars.