Used car prices start to fall, as new car inventory improves

20 June, 2022
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Used car prices start to fall, as new car inventory improves

If you're shopping around for a car, either new or used, you know by now that a huge lack of inventory is driving prices up. But the market is finally starting to show signs of improving.

Cheryl Lucas, like so many car buyers right now, is stunned by high prices for both new and used vehicles.

"It's ridiculous, people can't afford them anymore," she said.

Ford dealer Matt Sander, though, sees some good news on the horizon at his dealership, Woody Sander Ford. While his customers still face long waits for hot sellers like the new Ford Bronco, new cars are finally rolling in again.

"We have Bronco Sports, Escapes, Edges, even F-150's," he said.

After a year with very little for sale, Sander said, "there is finally quite a selection here."


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