The lack of supply and snarled supply chains of new cars "will, without a doubt, have a bearing on the sector for years to come."

Poster Comment:

SEE Graph.New car prices are out of the reach of most car buyers.

The 2022 Ford Ranger starts at $25,285. A Ford Ranger will depreciate 39% after 5 years and have a 5 year resale value of $20,463. These results are for vehicles in good condition, averaging 12,000 miles per year.

A ten tear-old Ford Ranger should sell for $11,521 even with 120,000 miles.