Let me stress, this was NOT the kid's truck! In fact, if you'll notice, I made sure to put the "Pug Mom" license plate on the front should he ever try to make anyone think it was his.
His first car was a 10 year old Nissan Maxima that I bought from my brother. Unfortunately the transmission died Christmas 2001. He went until August 2002 with NOTHING to drive. It was only because I wanted a truck that I bought it. He could have bought a beater for himself, but driving 120 miles RT 4 times a day in a beater worried this Mom so I let him use the truck. It was never his and in fact if he wasn't driving it to work or school, he had to "rent" it from me.
I like to buy new because you're so limited on knowing what kind of abuse the prior owner put the vehicle through. Buying new I can do all the proper maintenance, not rag the engine, etc. My intention was to keep that truck forever.
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Vans used to be much higher - both in buying and tradein - now it is SUVs & pickups.
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Yeah, but it's both my pickup and my SUV that are taking such a hit.

I've owned 8+ imports that I've bought new - compacts, 4 door sporty cars, 4 door sedans and SUV's and I've never seen a depreciation like this!