Used-car market faces supply, affordability headwinds, but sales performing better than expected

It appears that used-vehicle sales for 2023 will be stronger than projected a few months ago, resulting in a market that’s flat compared to 2022, rather than softer.

Still, inventory and affordability remain ever-present challenges that dealers must navigate in pre-owned.

Or as Cox Automotive senior manager of economic and industry insights Chris Frey put it in a call with the industry and media on Monday, “In the spirit of spring, the used market looks like ...