Youtube has plenty of "experts" saying the car market is in trouble.
Seems production is up, and the chip shortage is ending. New car inventory is doubled from a year ago.
Used car prices are falling every month at the wholesale level. Interest rates are climbing, foreclosures on used cars are climbing too, and banks are reducing loan allocations for used cars.
Stimulus money is over, and inflation will cause more defaults on loans. So used cars prices will crash, and new cars will be tougher for more people to buy, given higher interest, and lower trade value.
Anyway this "story" is a popular topic on youtube now. So, if it is true, cars should be cheaper by spring. Many are saying new car incentives will be very soon.
Local Chevy dealer has a nice 2015 Tacoma for sale. It is listed for 30K. MSRP 8 years ago was 26,355. Aged like a fine wine.
