Why are used Activa 4G prices so inflated?

I noticed something odd in the second-hand market.

Back when Activa 4G was new, the on-road price was around ₹58k.

Today, even though it’s an old BS4 engine (while BS6 is the norm), people are listing them at ₹45k–₹57k.

Logically, after 7–8 years, depreciation + tech shift + upcoming BS4 restrictions should bring the price down to half or less (~₹25k–₹30k).

Yet sellers are asking almost the same as the original price. To me, this looks more like greed + brand hype than fair market value.

Has anyone here actually bought or sold an Activa 4G recently? What’s the real closing price you’ve seen, not just the inflated online listings?