Used-car prices are still high, but they are currently down 2.1% after hitting an all-time high in January. With circumstances pushing back new car production stabilization by an additional few months, automakers prioritize their supplies more cautiously.
Down, but still quite up. Compact cars and van prices were still up nearly 50% in February 2022 vs. the previous year. Pickup trucks are only up 24.8% due to Ford, GM, and Stellantis focusing on their highly profitable trucks.
Efforts by chipmakers such as Intel and TSMC seek to match the need by producing more. However, automakers are forming direct partnerships to resolve their own supply needs before the late 2022 expected improvement.
Telling it like it is - Rollercoasters are only fun when you are allowed to get off.