"It's like a pub with no beer." Why used cars are more expensive than new cars

According to DoneDeal used cars have zoomed up in price by 56% from the beginning of the pandemic to the end of 2021. Outstripping the rate of inflation in the US and the UK. Why is it that we are in the strange situation where a second hand car can now cost more than a brand new car? To explain what is going on at the showrooms across the country we were joined by Henry McKean.