I do not agree with the conclusion in this article.
We will NOT see a dramatic drop in used car prices because:
Inflation is making our money worth less...and
New cars are ridiculously expensive and too complex.
Complexity means more things can and WILL fail on these new vehicles.
The manufacturers are now building vehicles so complicated you MUST take them to a dealer for repairs. Those dealer repairs cost a fortune.
The search for used cars will probably continue to be about simplicity and good mileage.
Car prices will come down, just like real estate values when the fed jumps the interest rates up
Which will happen
“The manufacturers are now building vehicles so complicated you MUST take them to a dealer for repairs. Those dealer repairs cost a fortune.”
So what when everything is under warranty for the entire time many consumers own the vehicle.