I’m no economist, but it’s highly unlikely the market will cool anytime soon.
The supply/demand imbalance is just too extreme.
The market won’t just miraculously get to equilibrium overnight.
If we’ve learned anything of the last year, it’s that supply chains are extremely fragile.
So here is what I would recommend:
Do what you would do if the market was normal.
No one predicted used car prices rising 32% in 1 year.
And surely, no one knows what will happen to prices in the coming year.
Never buy a used car in March-April.
The so-called "tax return season".
You will not get a good deal.
(even if you use my negotiation playbook)