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So here it is, for readers who are on the fence about selling their used car.
Now could be the best time ever, and the window is closing. Hatzius explains: "Based on a statistical model that incorporates our auto inventory and sales forecasts as well as lagged price growth,
we estimate that used car prices will retrace almost 35% of their increase since the start of the pandemic by end-2021 and over 70% by end-2022, with tight inventories preventing faster normalization."
So here it is, for readers who are on the fence about selling their used car.
Now could be the best time ever, and the window is closing. Hatzius explains: "Based on a statistical model that incorporates our auto inventory and sales forecasts as well as lagged price growth,
we estimate that used car prices will retrace almost 35% of their increase since the start of the pandemic by end-2021 and over 70% by end-2022, with tight inventories preventing faster normalization."