Used cars are starting to crash. Loans are also going south on them.
The only thing propping them up is lack of new cars keeping demand higher than it should be in the used market.
Used cars aren’t crashing here in the PNW. 20 year old trucks still command 10s of thousands.
Quick scan on craigslist
1993 Ford F350, $28,000
1997 Ford F350 4x4 Diesel, $48,000
2002 Ram 2500 4x4, $43,000
2004 Honda CRV, $17,000
2000 Toyota Tundra, $27,000
I hope the prices crash here. But they aren’t