Comment by mootothemax

> For physical goods, used items always fetch a lower price than new items

This is only true under certain circumstances. If there are supply chain issues, used prices can go up and over the list price. The most extreme (and obvious) example I've seen is home gym equipment during the Covid lockdowns, particularly for stuff like rowing machines.

The other potentially less obvious example is seen in countries that don't have a local presence or distributor for a given item, and the pain and slowness of importing leads to local used prices being above list price.

One other potentially interesting semi-related point: prices for used items can sometimes increase in unexpected ways (excluding obvious stuff like collectables, art, antiques etc). In the UK, the used price for a Nissan Leaf EV started increasing with age after the market realised that fears about their battery failing ~5 years into ownership were unfounded urban myths, and repriced accordingly.