Pre 2020 depreciation was insane and I think we are getting back to that norm now that stimulus money is gone and inventory is back to normal.
As a reference point, the last ICE car I bought (right before Covid) was 2.5 years old and less than 30k miles. Sticker was $44k when new and I got it used for $17k flat and they even replaced the tires on it as part of the deal.
Pre 2020 depreciation was insane and I think we are getting back to that norm now that stimulus money is gone and inventory is back to normal. As a reference point, the last ICE car I bought (right before Covid) was 2.5 years old and less than 30k miles. Sticker was $44k when new and I got it used for $17k flat and they even replaced the tires on it as part of the deal.