Source: NPR - Link
Those falls in wholesale prices bodes well for those in the market for a used Jeep. While retail prices at used car lots are still climbing, they will likely start to fall soon.
It also bodes well for the Federal Reserve.
The Fed has consistently argued that the recent surge in consumer prices is likely to fade, as pandemic bottlenecks are resolved and demand returns to more normal levels.
Inflation is always something to watch since it can get built-in to expectations. I suspect that the Fed is right though. We’re suffering through temporary supply constraints.