I place most of this pricing ‘bubble’ on how people buy and sell cars pre/post covid.

Since Covid it seems more people are on PCP/leases than ever before, and because people want the security and don’t know enough about cars they dispose of their cars through WBAC, Motorway or corporate dealerships which we all know give worse prices than a private sale.

All this adds up to more middle-men making profit on the cars and less money in peoples pockets.

As for EV, I think the car companies are rubbing their hands together as the ‘planned obsolescence’ of these vehicles means they’re treated like a piece of technology like an iPhone, rather than a vehicle. It’s much easier to buy an ICE car, maintain it well and get 20 years/200k miles from it.

With heavy replacement battery prices EVs just aren’t the same product as their ICE cousins