Are Car Sales Slumping?

Disappointing U.S. new vehicle sales in April suggested that the auto industry is receding from its breakneck pace, reducing the chances of a third consecutive record year. Overall, the industry reported a 4.7% sales decline to 1.43 million units, according to industry tracker Autodata.

Is the car market going to crash 2021?

Is there a crash coming with used car values? Nope, there's no crash coming in the used car market. The bottom isn't going to fall out. ... Unless of course, the new car manufacturers have additional chip issues, or their workers can't come to work due to a major covid outbreak.

Are car prices expected to drop?

“Once the current production issues have been addressed, used-vehicle prices will come down, but they're not expected to fall dramatically.” ... In fact, dealers have sold 14% more used cars year to date than they sold in the same timeframe in 2019, J.D. Power data indicate.