Used car prices tumble nearly 15% | On Balance

The used car market crashed earlier this month. After a pandemic boom, prices are now in a freefall. Data from Cox Automotive says the average used car price is expected to continue to drop. Tom Maoli, principal owner at Celebrity Motor Car Company, weighs in.

#CarMarket #CarPrices #UsedCars

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[John-]

What?? Did he say the White house has to do something about this? They shouldn't to a damn thing.. dealers been price gauging and abusing customers for 2 years..Let them all rot and go out of business

[freddyparra]

I aint buying until I see 50% off prices.

[shanew]

let the greedy dealers drown. we dont care

[FernandoPerez-djzg]

I noticed this too on Facebook marketplace!!

[DanPocketRocket]

Yes taking advice from a car dealership owner is like eating a $hit sandwich

[time]

LOL on trying to make this a story. 15% is nothing when a vehicle is overpriced 7-10K. This video is a complete joke.