Quote:
Originally Posted by StradaRedlands
While I am not an economist, I do play one on television! I think used car prices will not be returning to 2017 levels ever. The Fiesta/Sonic/Mirage/Versa type of entry car just isn't sold in The States any longer. New cars are feature rich and stripper models aren't being built. So if you don't have the income to buy a $40,000 new car, there are not new car alternatives for $18,000. You're stuck with used. That's going to keep pressure on the demand side, coupled with people keeping cars for longer on the supply side. Yeah, it won't be as crazy as the last year, but still not a buyer's market.
My $.02
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Thanks for the comment. 2017 will not return, we agree on this. Do you see prices softening, given that we now find ourselves in 2022?
StradaRedlands Are you in the market for a preowned vehicle?