asj09 joined the community
Hi All What do we think will happen once the used car market settles down to the new norm? Will there be a big crash resetting the prices to how they SHOULD be? Or will this be the new normal? For example... car worth £16k in Jan-21, now worth £20k... Normal market the car would be worth £15k now. once the market settles will the price come down from £20k to £15k? or will £20k be the new price and normal depreciate starts from there? thanks!