In the 1980s here in Brazil there were people that made a living by buying new cars and reselling them before the store managed to bring the actual car from the factory.
I know several people who did that - trucks, boats, campers were all worth more used during COVID than they were worth new just a year or two before. You may recall there was a massive chip shortage during COVID and new vehicle production was greatly impacted.
I was just reading about somebody who bought a car in 2020 new for like $40k, and then after three years, resold it for $45k.
People are selling their five year old used GPU for a 50% markup on MSRP. It’s crazy out there.
Inflation does crazy stuff like that.
In the 1980s here in Brazil there were people that made a living by buying new cars and reselling them before the store managed to bring the actual car from the factory.
I know several people who did that - trucks, boats, campers were all worth more used during COVID than they were worth new just a year or two before. You may recall there was a massive chip shortage during COVID and new vehicle production was greatly impacted.