New & Used Car Prices Near All-Time Highs

"There was a supply chain shortage with new vehicles coming out of the pandemic, and now there is a tighter supply for used vehicles. There is an increase in used car prices for the first time in eight months. Also, new car prices continue to be at all-time highs, but more new vehicles are being released, so that could mean a decrease. As EV prices come down, there will be more interest in those cars," says Kevin Roberts.