The Used Car Market Won't Be Normal Again For Years - The Autopian

The used car market is experiencing disruptions and a shortage of supply, leading to higher prices and a decrease in availability, with long-term issues expected to persist for at least the next two years.

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Relevant topic timeline:

8/26/2023

A year after a tight market, new and used vehicle sales have turned a corner in Southeast Minnesota

The vehicle market is stabilizing, leading to more choices and lower prices for buyers, as dealer inventories increase and new car price inflation disappears.

8/27/2023

The Car Market Just Flipped — 10 Massive Price Drops

The auto market has seen a significant decline in average new vehicle prices, with a drop of $3,243 from January to July, marking the first notable decline in car prices in years.

9/3/2023

Carvana, CarMax should be in the driver's seat as used car shortages persist (NYSE:CVNA)

Used car sales and prices have surged during the pandemic due to supply chain disruptions, leading to a shortage of new and used cars, causing prices to remain elevated and creating a favorable market for the automotive industry.

9/4/2023

The Car Market Just Flipped — But the Prices of These 9 Vehicles Remain High

Car buyers are finding some relief in the US market, as prices for new vehicles have dropped by up to 20% thanks to an increase in unwanted EVs, although certain vehicles remain expensive.