The Car Market Is Fundamentally Broken
The Car Market Is Fundamentally Broken At the four-year anniversary of the start of COVID-19, new and used car prices remain structurally inflated and will not return to pre-pandemic norms However, some relief is coming for consumers: Prices will start to ease somewhat in the coming months, presenting the biggest buying opportunity in years
Chicago, IL – March 12, 2024 – While the COVID-era inflation of many goods and services has started to return to normal levels, the car market presents a stark contrast: Prices will never return to pre-pandemic levels.