> Currently C8s are appreciating their first year, which is really weird.
Why is that weird? That seems typical for new, extremely popular cars where supply isn’t meeting demand. It happened years ago with the PT Cruiser, and when Mini (re-)entered the US market. It’s happened with Teslas too. Right now it’s happening with the C8 Corvette and Ford Bronco, which are both really tough to find on dealer lots. In 5 or 10 years, they’ll have depreciated like more typical used cars. The tough part is guessing when supply will become sufficient (and values will drop).
That funny about the Mini, because it's such a shit car. I thought it looked like a fun little car but I drove one yesterday for the first time and it was garbage. Interior is crappy lightweight plastic too. Do some research on them and you'll see that they are trouble-prone as well.
Oh totally, I understand why its happening, but from a statistical point of view its hard to model. eg. If a car appreciates 20% in the first year, when it usually depreciates 20% does this affect its 5 year depreciation, or does it regress to the mean?
Why is that weird? That seems typical for new, extremely popular cars where supply isn’t meeting demand. It happened years ago with the PT Cruiser, and when Mini (re-)entered the US market. It’s happened with Teslas too. Right now it’s happening with the C8 Corvette and Ford Bronco, which are both really tough to find on dealer lots. In 5 or 10 years, they’ll have depreciated like more typical used cars. The tough part is guessing when supply will become sufficient (and values will drop).