I don't know about other states, but I assume dealer's new car inventory is as empty as it is here in South Carolina. The head of Toyota USA was interviewed on CNBC the other day (when the displayed the new Lexus and Toyota battery cars) and Toyota dealers inventory backlog is 9 days. So basically cars are sold as the drive off the transport trailers. (these 9 days INCLUDES delivery days)
Until chip shortages are fixed and production gets back to normal, I don't think the newer used car market will cool off IMHO
Junkers are still junkers, but my 4 year old, nicely loaded 1/2 pickup is worth more than I paid for it. But it has only 18K miles on it, it is a pickup truck, not my daily driver. But there is nothing comparable available on lots to replace it with
