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It's also interesting to me to have learned the used market is nearly 3x the size of the new market, in terms of units sold per year. It's more liquid market based on number of transactions per year.
Supply and demand, as has been mentioned several times on this thread, is the leading cause for firm to higher used vehicle prices throughout 2020. Demand must have been firm, based on the price and supply data. Consumers demanding a new or nearly new vehicles bought what was available. For a period of time, used vehicles were more prevalent than new vehicles, because of factory shutdowns. This is still the case, to a lesser extent than earlier in the year. My local MB dealer is getting spotty new vehicle deliveries and says the Vance, AL facility continues to have C19-related component supplier shortages.
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