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Id say that $28k for G11/12 that is not trashed is a bargain, at least in Europe.
Current state of used car market kind of reflects what has happened with that COVID spending spree. People had some money to spend and because new car market was constricted, used car market got inflated. Even now with all the monetary tightening that is going on, you dont see the prices go down dramatically.
What is more important to consider is the knock on effect of couple years worth of slowdown in new car production. If we usually have a steady onstream on used cars to the market once the two, three, four ..... you name it, lease contracts end up, then in couple of years this influx of used cars is going to drop as people just haven't got their hands on new cars. This can have a significant impact on the prices as the supply is dwindling. Also, depending on which direction the world economies go, people might hold on to their existing cars for longer, exaggerating the situation even further.
This is just and educated guess based on current prognosis and might go completely the other way, depending on many factors.
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