HOW LONG WILL HIGH USED CAR PRICES LAST?

Used car prices are driven by supply and demand, so prices, at least for the most popular cars, will continue to strengthen. Keeping them in play, of course, is the new car supply crisis caused by the current semiconductor shortage. Much of the post-pandemic demand we saw earlier on has washed out. Now buyers’ natural appetite for a replacement car has taken over. If it must be used instead of new, so be it.

There has been some levelling off of prices and even a few dips, as anyone who periodically checks their car’s value with the likes of Webuyanycar will know. Christmas and the first few weeks of the new year, when people are spending their money on other things, is the most likely explanation for this. Values of seasonal models such as convertibles are likely to be softer, too, so if you’re after a bargain, look at these.