Will Used Car Prices Fall?

While the median price plateaus are encouraging, it's unwise for shoppers to expect prices to return to pre-pandemic levels. ... Used-vehicle prices are unlikely to drop until new-vehicle production returns to normal, and the microchip shortage is still wreaking havoc on nearly every manufacturer.

Will used car prices drop back down?

Used car prices are finally cooling off, but it still won't be easy to buy one. Used vehicle prices went up just 0.2% last month after three months of record increases. The price is still up more than 40% over last year, US government data show.

Will used car prices drop in 2021 UK?

Used car prices have risen on average by 16.6% in the first eight months of 2021. This comes as drivers turn their back on new cars as supplies continue to struggle due to semiconductor shortages according to INDICATA UK's latest insights report.