Used car market is limited by new car market sales. I think the used car market might be crazy right now. When COVID hit and everyone was clamoring for used c

Used car market is limited by new car market sales. I think the used car market might be crazy right now. When COVID hit and everyone was clamoring for used cars because new cars couldn't be made/imported, I took my wife's low-end car to CarMax for an appraisal. It was a fair offer, but I didn't bite. All these years, and 25,000 miles later, I brought the same car back to CarMax a couple of weeks ago, and the appraisal was almost double what they offered the first time. This time I let them have it. I don't see a lot of talk about used car demand anymore, but based on my experience, I think it's still high.