"For months we've been talking about the massive lending bubble propping up the U.S. auto market.  Now, noting many of the same concerns that we've highlighted repeatedly, Morgan Stanley's auto team, led by Adam Jonas, has just issued a report detailing why they think used car prices could crash by up to 50% over the next 4-5 years.

Here's the summary (flood of supply, poor lending standards and desperate OEMs who need to keep new car sales elevated at all costs):"

http://www.zerohedge.com/news/2017-03-31/heres-why-used-car-prices-may-crash-50

How many vans do you have RC?

Sounds good to me. My Toyota is only 14 years old, but the body is rusting a little. Shouldn't have driven it into the ocean (repeatedly).
3-4 more years is perfect.

Our Toyota is going on 11 years.

Time to change the oil? 

cannot quite match that;
Landrover discovery 3. 10 years old, only 150,000 miles.  So Still very strong. 

some sea work.. but not too deep, and showing no signs of damage from it

Why buy new?

So wonder if the same thing is happening in the UK?

And that doesn't even consider that self-driving features and electrification are going to make older cars seem really old.

My main vehicle is a 2004 Subaru. I ride in new cars and they're a little quieter, but not $30,000 quieter. But six years from now, when the new car drives itself to my destination, avoids crashes I don't even see coming and recharges from the solar panels on my house, I'm really not going to want to buy a 2019 vehicle on the used market unless it is way, way cheaper than the 2023 model.

BTW - we all drive a bunch of old cars! Says something about this group. What it says is left as an exercise for the student.

>Old cars

I'm driving a 1998 Camry, it has ~248k miles on it -- still running well engine/transmission wise, but everything is getting tired.  I bought the car for $1400 when it had about 130k miles.  I am probably going to repeat the process again. 

You have me beat on age, though not price - my other car is a 1999 4WD Mazda pickup that runs great (so far) and that I got for free.

About three or four times a year I wish I had a free truck to haul stuff around.  1999 Mazda pickup, so that's basically a re-branded Ford Ranger -- I had a Ranger a long time ago, it was very dependable.

I think technically co-branded. They shared engineering and some parts, but it's a Mazda engine and a Ranger cap doesn't exactly fit. But it has under 100,000 miles. Fair bit of rust, but otherwise a good vehicle.

The MIAD (Man I Am Dating) drives a 1996 Ford Ranger.  He's got 350,000 miles on it and it runs great.

>BTW - we all drive a bunch of old cars! Says something about this group.

It says, as a whole, that we all know that car payments SUCK.  I've got a 2010 Ford Focus with less than 100,000 miles (paid for outright) and I plan to run it until it won't run anymore.  I've only had one other car in my life.

> Mazda & Ford

Back then Mazda were owned by Ford, hence many similar cars.

Over here the Mazda Demio and Ford Fiesta were the same core car - https://en.wikipedia.org/wiki/Ford_B3_platform