Cars lose their value due to the number of moving parts, competition in the market place, and exposure to the immediate environment. Which, again causes extreme wear on the automobile, thus making it less than pristine and eventually a bucket of rust.
You can buy a $20,000 dollar car and in ten years it may only be worth $2,000. All due to the above factors.
On the other hand, in 1987, I bought a new Adcom GFA 555 for $550. In 1998, I sold it for $350.
In 1993, I bought a new Adcom 565 pre-amp for $750. In 1998, I sold it for $450.
These are not high end by any means, but I think it demonstrates that stereo gear holds a better value than automobiles and I would bet that percentage wise it hold as well as other consumer electronics or products.
Just look at the used golf club or bicycle market.
You can buy a $20,000 dollar car and in ten years it may only be worth $2,000. All due to the above factors.
On the other hand, in 1987, I bought a new Adcom GFA 555 for $550. In 1998, I sold it for $350.
In 1993, I bought a new Adcom 565 pre-amp for $750. In 1998, I sold it for $450.
These are not high end by any means, but I think it demonstrates that stereo gear holds a better value than automobiles and I would bet that percentage wise it hold as well as other consumer electronics or products.
Just look at the used golf club or bicycle market.