Car prices are stickier than fuel prices. A lot of dealer inventory was purchased before gas prices went through the roof, when the pandemic was still in full f

Car prices are stickier than fuel prices. A lot of dealer inventory was purchased before gas prices went through the roof, when the pandemic was still in full force and every manufacturer was cutting production and talking about chip shortages. So used car prices were sky high for dealers, and now they don't want to sell them cheaply. They might have to eventually, but they'll hold out as long as they can in the hopes that gas prices will come back down. But with a recession on the way, and the fact that new deliveries can only go up, and gas prices can probably only come down...it may be that there's a big crash for car prices on the horizon, especially used cars. This is coming from someone who just bought a used car!