High Gas Prices - Used Car Values

[Red1Blue]

I am curious would the high gas prices would have any impact on the recent high prices for used cars. I am wondering if there would be any price drop for used cars due to high gas prices?

[Brian_Earl_Spilner]

Well, the last time gas prices soared, everyone abandoned their SUVs for gas efficient cars. With the market being what it is, and the fact that everyone wants SUVs instead of cars, I'm curious what will happen to car prices versus SUV/truck prices. Especially since many manufacturers have all but abandoned cars for SUVs and trucks. Maybe a huge swing to electric. Though, I don't see that happening in my city since the electric company just tripled everyone's rates.

[badgerdog]

Seen lots of inflation during my life. Inflation Price increases seem to become the new norm. To much Chaos to perdict during times like this. I decided to not sell any assets at this time

[Citylights18]

I suspect not because the high prices for used cars have to do with chip shortages.

Gas prices are high and the fear I've heard is if they get too high there might be demand destruction at some point.