Car sales are down double digit percentage across the world and used call prices are up 30% > Why isn't this excess demand (caused by too much free money) as o

Car sales are down double digit percentage across the world and used call prices are up 30% > Why isn't this excess demand (caused by too much free money) as opposed to a "shortage"? It might very well be excess demand. The idea is that supply should always be elastic and grow to meet the demand. In this case it didn't. But this "excess demand" can't be attributable to lower interest rates because people, I imagine, aren't borrowing to buy these goods.