Quote:
Originally Posted by chassis
Thanks. No disagreements on price level. What about direction/movement?
Do you see the pendulum moving toward the buyer’s favor?
|
used cars were never going to stay as high as they had been. The reason they were so high was because there were so few new cars available. As manufacturers have begun navigating the materials/labor shortages more efficiently, new car supply has gotten better and used car prices have started to come down. If we ever get back to pre 2020 new car supply levels, used car prices will be back to where they were.