Yeah this is a trend in the past two’ish years, due to the component shortages. Basically, auto makers have a bunch of new cars on the lot, which are all undriveable because they couldn’t source the components for the dashboard. They had literal parking lots full of nearly-built cars, just waiting on one or two small chips to come in so they can finish building it.

So as a result, the used car market boomed. Used cars suddenly tripled in price, because nobody could buy new.