Josh is right, used prices have been climbing. Less people are buying new, but buying all the same. When I was in the market, I noticed the average price of Rams climb about 3 grand within a few months of looking before I managed to sell off my previous car, which led to me looking at something else. Also, dealerships won't just make terrible deals to dump cars, they are smart enough to adjust prices to follow trends. When stuff wasn't moving very fast, they started giving way less on trade ins so they could drop their advertised prices in order to create sales. This trend reversed around March, and by late April, when I bought, things were in a full upward swing, including interest rates. The banks are ready to stop bleeding, which means interest rates are about to rise, so buy now while you still can afford to.