I would give it another year before that happens. A couple of my clients ship from China and the simple supply of shipping containers is in high demand. They’ve had to resort to using refrigerated containers. Supply chains are so far behind, that Ford is short of 62k+ Vehicles alone. I drive past car dealerships daily and they have mostly used cars spaced out because the lots look thin. Toyota dealership only had 6 new vehicles last week. No joke…6! Lincoln dealership had zero Navs and Aviators for sale the last time I drove by. The 200 prices will not decrease much.If there are people willing to pay then that’s the story. No way they are worth $100k. Some dealers charging these extreme markups. If they can mark them up and sell them, why not?
My concern would be the market going down after this BS all ends. I am not saying the values of LCs will crash, but come down to reality.
I would not want to be paying $110k, $120k or whatever, when these were selling for $80k last year.
Either way, we are in crazy times and a correction will happen sooner or later and things will normalize.