This is wild: Used car prices are dropping so fast that ‘book’ values are not keeping up.

This is a 2020 Tesla Model 3 from yesterday’s auction.

Book value: $50,375
Market value: $41,600

$8,775 difference 🤯 pic.twitter.com/bpvM2SRrqL

— Car Dealership Guy (@GuyDealership) November 12, 2022