It's not about replacement, its about repair.

Your car may only be worth 10k, but what used to be a $800 bumper cover replacement might now be $1100.

But also, for the first time I known of, most used vehicle.actually maintained, or even gained value from 2020-2022. Wierd times.

Had a truck I bought for $3000 in 2014. Replaced the ball bearings and a thrown tire rod in 2015. Kept the oil changed and drove it well....sold it in 2022 for $4200 to a guy VERY happy to gwt it for that.