State of Emergency in the Used Car Market

For the second-straight month the used car prices have been tanking. Could we possibly be seeing the first signs of the market turning back to pre-covid prices or possibly lower. Is it safe to say the prices will keep dropping?

Here's my analysis; I believe the economy cars will drop to their original prices and eventually reach their normal depreciation prices. However the cars that will stay the same are the ones special ones, rare ones if you rather. Even during the pre covid prices their were plenty of cars that should not have that criminally cheap. People were getting Porsche 997/996 turbos for under 40k, which is just absurd.

Heres how I would handle the next few months to a year. Stack your funds and watch. yes WATCH! Watch the auctions, dealerships, private sales, and even on the street. There will be those diamonds in the ruff you'll be able to find for a steal regardless of the market.