A notable decline in used vehicle prices toward the end of last year has been roughly cut in half in 2023, as inventories remain low following vehicle-production disruptions.
Cox Automotive doesn't expect the total number of used sales to return to pre-pandemic levels until at least 2026.Mario Tama | Getty ImagesIt's an obvious statement, but one that needs to be laid out to explain the root cause for ongoing inventory and pricing issues in the U.S. used vehicle market, which has been a barometer for the country's inflation levels.
The lack of production meant fewer new vehicles would become used models for consumers to purchase, leading to inventory constraints in both the new and used vehicle markets, as well as record prices due to resilient demand.— hoping for the used vehicle market to return to "normal" pre-pandemic levels shouldn't hold their breath.
Send them to low income countries. They can put them to good use.
Salesman isn't turning down profit in the car industry. That's some sleazy humans!!
Are we really living in a democracy?
potus biden has scre&&w&&&ed the whole supply chain with his 'climate change gouging of america'. WOKE corrupt democrat party. GOP better stick together and if its trump, then all GOP must support him. Murdoch better get his head out of his A$$ foxnews nypost WSJ housegop
The people who are keeping their leased car may be bad for used car prices but good for new car prices.
Car theft has also spiked too