When Will Used Car Prices Drop?

The used cars for sale at your local dealer skyrocketed in price last summer, and we’re still waiting for these prices to come back down. If you’re wondering whether or not we’ll ever see the pre-pandemic pricing of used vehicles, that’s highly unlikely. As unpredictable as the pandemic was, the used car market was heading toward an over-saturated position with the massive number of new car sales leading up to 2018, but the supply chain issues caused by the pandemic changed that quickly. Today, some dealers are almost begging for consumers to trade in their vehicles for a new one, so that they can fill their used lots. Read More