thinking he could sell it for the same price after driving it for two years

Why would he think that? There was no reason these cars would hold their value. The only thing propping up their price during that time period was the fact that the factories couldn’t build enough of them and the delivery times were in the 8-10 month range.

Now that the market is saturated and the backlogs are gone, which everyone knew would happen, of course prices are dropping.