Car Dealership Guy: ‘We’re about to witness an unprecedented one-month drop in used car values.’

NADA values are ‘book’ values, not market values.

When lenders finance auto loans, they lend against ‘book’ values.

When book values drop, it hurts dealers and consumers alike, and makes it much tougher to get vehicle financing.

Everyone loses.

— Car Dealership Guy (@GuyDealership) December 21, 2023