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At least in the US the average new car price is now close to $50k. That's the reason car loans now are going upwards of 7 years. A lot of the car price is more and more expensive safety features being added on cars. Add in, you are quite a lot safer in a modern new car compared to even a 20 year old car.
yes, but all those feature are in 25K cars.
It's just that people don't buy those cars, they would rather financially ruin themselves buy 2x the car for the 'image' of it. Just like how many people by unreliable, bad MPG, shitty cars, but whine about the cost... because well they 'have to have a Jeep'. So now they have a 50K car that is going to need $1000s in repairs just to keep it running after a year or two.
And 99% of people who own Jeeps never offorad them, they'd be better off with a Civic or Corolla, but they can't get over themselves, they'd rather whine about being poor and broke while paying 4x the cost for a car that they need to.