Used car prices drop, but buyers still facing sky high interest rates and tight inventory

After more than a year of overheated prices, the used-car market cooled by several degrees in December.The trend brings some relief to car buyers.But inventories have yet to reach pre-pandemic levels, and consumers still miss the buying power they had in 2019.While experts say this year's used-car market will continue to improve, consumers need to have realistic expectations of what car buying will look like in 2023.

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