All new car sales are down, thanks to Bidenomics and the practice of dealers marking everything up sometimes $20 grand over sticker. I’ve personally seen that mark up.
Average sticker price is way up. Average F150 last month was $65k+.
They are only building high option vehicles leaving the $30k and below to used cars. Jeep has over a year’s worth of unsold inventory on most models, Chrysler and Ford is close to that too on some models.
Auction prices are way down because of repo’s, but retail has only dropped 10% after a 30% run up in 2020. There’s a long way to go down.