Used Car Prices Remain Stubbornly High

Anyone hoping that the used vehicle market will become more predictable or even right-size itself in 2023 will likely be disappointed. Unique market conditions and a slew of new challenges are reshaping the used market in unexpected ways.

After experiencing a meteoric rise in value, used vehicle prices have slightly inched back toward Earth with the return of price drops and seasonal depreciation but remain significantly higher than they were pre-pandemic.

Given the price ascension…

Continue reading this news update.

Comments are closed