At this stage in the market, selling your car is likely to yield the highest returns due to the current dynamics. However, the decision to buy, sell, or trade-in hinges on several factors. If you are considering buying, be mindful of the higher interest rates when determining which make and model you can afford.
On the other hand, trading in your vehicle could be a more advantageous option, allowing you to leverage your current car’s value while mitigating the impact of high interest rates. Ultimately, evaluate your personal circumstances and market conditions to make the most informed decision if you're in a crunch.
By far, the best decision you could make is to wait out the current conditions.