Unusual low used car supply leads to accelerated deflation due to Credit Crunch and new incentives.

Something very strange is happening.

Used car supply is at historic lows, yet we *just* experienced the largest monthly decline in used car prices on record.

But that doesn’t make sense — If supply is so low, prices should stay high… right?

Wrong.

It seems like between the…

— CarDealershipGuy (@GuyDealership) July 10, 2023