Used Truck Bubble about to bust?

[sourdough]

Mention has been made of the skyhigh prices given for used trucks....and they are. Priced mine and it was worth 10k more than I paid as listed in NADA...at avg. trade in price.

Talked to my son yesterday (car broker/dealer) and he agreed. Said yep, my truck would bring NADA avg. trade PLUS 10%.....prior to last week. He was at auctions last week and he said although the used truck prices have been totally crazy they are beginning to iron themselves out and come back to normal. Last week he said the average price for a truck dropped 8% from the week before and they anticipated this to continue. It may or may not come quickly but there's not way it can continue like it is. So if you've been on the fence might want to raise the topic a little higher on the list.

I mentioned just taking it in to trade and order one; he said that would be fine but no one is going to give you todays price on the truck and honor that when the new one comes in months later because the prices are about to drop. Just fyi.