Used-Car Shoppers Are Getting a Break As Prices Fall—Unless They Need A Loan

Used car prices fell 5.5% over the 12 months ending in the third quarter, as the pandemic’s aftershocks on the auto market have faded.
The supply chain disruptions that made prices skyrocket in 2021 have diminished, although prices remain far above pre-pandemic levels.
Even as prices have gone down, car buyers’ budgets are still strained by high interest rates on auto loans.

Good news if you’re in the market for a used car: Prices have dropped from absurdly…