This shows what happens when some idiot from ‘The Hill’ writes an article on something he knows nothing about.
I’ve only been a sales mgr at a new car store since 1990.
The reason you’re seeing retail prices stay high, while auction prices drop is that with the numbers of used cars still being short, nothing goes to the auction except absolute crap. In all my life, I’ve probably sent back a dozen cars to the auction that had issues. Now about half that you buy get sent back, mechanical issues, undisclosed bodywork, they’re a mess.
The good ones aren’t going to auction.
That would explain the constant emails I got from the dealer I bought my ‘18 PU from in ‘21 offering more than I paid for it!