Read an article about used car prices. Pretty obvious as we all know now is the time to sell (not to buy)....with prices predicted to fall (crash was the term KPMG used) in 24 months time, they gave 4 scenarios (low demand, high supply, high demand, low supply...pretty obvious) all of which led to lower prices; the equilibrium of supply and demand being met in late 2023. Guessing tax rises, energy costs, higher inflation, new car manufacturing and wage stagnation will impact this,
Wonder what happens to those who are on recently financed PCP (guessing used market?) deals at the end of their Terms given the article gives a generic figure of a 30-40% price drop for used car prices.