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I for one cannot wait for the used car market to crash. The new car prices have gone and I don't expect them to come down. They will keep the prices at the same
by yalogin 5y ago
I for one cannot wait for the used car market to crash. The new car prices have gone and I don't expect them to come down. They will keep the prices at the same inflated level and offer deals and/or loans. However there is room for elasticity in the used car market and can see it coming down as new car availability becomes better.
- tonyedgecombe 5y agoPresumably there will be a shortage of three year old cars in a couple of years and six year old cars in four or five years. This is going to ripple through the used car market for a long time.