Used Car Prices Have Peaked; Get Ready for Deals in 2023

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  • Used Car Prices Have Peaked; Get Ready for Deals in 2023

There’s some good news out there for anyone looking to buy a used car or truck. Since 2020, used car prices have gone through the roof as new cars got more and more scarce. But it looks like that trend is finally easing. New data from investment firm J.P. Morgan shows that used car prices have peaked and prices are on the decline by up to 20% for 2023.

Used car prices for 2023 are dropping

Used car prices are expected to drop in 2023 | Getty Images

The used…

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