What are your thoughts on the used car market for the upcoming second half of 2020? Initially, I thought that new car prices, lease OR purchase, would tank since nobody would be driving with corona. But seems like the factory closures counterbalanced this pretty hard as prices seem to be going UP due to low supply.
But what about the used car market? Factory closures won’t affect used cars coming out. As far as I can tell, plenty of people got rid of their cars because they didn’t need to drive during coronavirus.
Is now a good time to buy a used car?