Mirage value increasing! (Used Mirage prices up $2k+ in last year)

[MetroMPG]

What's that old investment advice... "Buy low, drive for six years, sell high?"

...The Mitsubishi Mirage [is] selling for 17 per cent more than new for a five to seven-year-old vehicle – as the prices of Australia's cheapest new cars continue to increase, with just one new model left priced less than $20,000 drive-away.

Note: that's not 17% above last year's numbers or last month's, but 17% above the car's price when new.

That's from November 2023 sales stats.

https://www.drive.com.au/news/most-p...ustralia-2023/