|
NC IA | The interest rates going up are really impacting used car sales- prices are slowly dropping. Like others have said the dealers probably are close to upside down on their used cars as they overpaid on the trade ins. Trade values are dropping as well for the same reason.
From what I am hearing new car sales are still strong due to the backlog, and besides a few brands you'll likely be paying MSRP for a new car as the demand is still there. | |
|
How firm are dealer prices on used vehicles
