Why are used cars priced like new cars?

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  NPR.

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  This is The Indicator from Planet Money.

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  I'm Ricky Mulvey.

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  Joining me today is our producer, Angel Carreras.

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  Mulvey, hello.

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  How are you?

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  Doing well.

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  How are you?

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  I'm a little winded.

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  I just walked here to the office from my home.

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  Congratulations.

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  And Ricky, what I'm saying is I need a car, but buying an affordable car is really difficult these days.

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  I mean, the average new car sells for over...

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  Get this.

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  Are you ready?

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  $50,000 in the United States.

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  But today, we want to talk about the used car market.

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  We've noticed some economic weirdness, like a used Toyota truck with over 200,000 miles on it going for 20 grand

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  or a decades-old Honda sedan selling for its original retail price.

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  Like, what is going on?

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