Z3Dreamer
Thinks s/he gets paid by the post
Have seen a few articles. I check on Autotrader, Carmax and a few dealership sites. Don't see decreased prices, but I don't know that I could tell if there was a glut or if prices are coming down. A few comments suggest the opposite: Because new car production and sales are tanking, used cars are in demand, so prices will go higher.
Here is a quote from the link: "As if things were not already dreary for the sector, the prices of used car have now started to crater. Weak demand, unusually timed off-lease inventory and lower auction prices are resulting in a drop in used car values. Incentives from automakers for new vehicles in response to the coronavirus crisis will further depress the prices of off-lease used vehicles."
https://finance.yahoo.com/news/used-car-market-headed-bloodbath-140702891.html
What are you seeing?
Here is a quote from the link: "As if things were not already dreary for the sector, the prices of used car have now started to crater. Weak demand, unusually timed off-lease inventory and lower auction prices are resulting in a drop in used car values. Incentives from automakers for new vehicles in response to the coronavirus crisis will further depress the prices of off-lease used vehicles."
https://finance.yahoo.com/news/used-car-market-headed-bloodbath-140702891.html
What are you seeing?