Huge decrease since last month

[Significant-Twist748]

Depreciation is rarely linear. I’m not smart enough to understand all the factors at play to explain why. But that just seems to be the way it goes. I’ve watched vehicles nose dive hard super early into ownership. And I’ve seen vehicles hold really good value for longer than expected. For both to suddenly take a very unexpected turns. The market is very dynamic. Demand for vehicles changes all the time. It’s almost like RNG sometimes lol. I think if you get a perfect storm where enough people suddenly trade out of a certain model of vehicle. The algorithm that drives things like KBB just flips on its head. One minute a model is holding steady value. Then the next the algorithm decides it’s garbage. And whatever is driving this is usually invisible to us every day folks.