Offensive to sellers but have people gone over the cliff on Car values

#1 - A car, that's any car has a cash value determined by what someone will buy it for. Buyers dictate the market. Sellers can influence buyers in many ways. Logic, emotion, information, and trends all play a part.

#2 - Today on average for these cars Prices look much higher than when the cars were new so it is common to view them as getting more expensive and the somewhat misleading term that is assigned to the phenomenon is called "Inflation". I would suggest a more useful and accurate way to view what is actually happening is that the purchasing power of a U.S. Dollar is falling and is a fraction of what it was when these cars were new. A dollar does not buy (generally) what it did back in the 60's and 70's (example- gasoline).

Markets go up and down and certain things (sometimes rare) can become hotly sought after and command a premium above and beyond the norm. Later they may fall but generally over time they will "increase in price" because the dollar is loosing value. It takes more dollars to buy the same thing. It is a function of modern monetary policy.

Understanding these facts have been very useful for me in gaining an understanding of the seemingly illogical and chaotic nature of our modern financial world.