Unfortunately, car prices haven’t come down in 2022 so far, and it’s unlikely that they will in the second half of the year. Some experts believe the volatility in the car market may take another year or two to stabilize. In a recent interview with Car and Driver, an expert recommended waiting until late 2023 or early 2024 to buy a car. Similarly, a recent study from Ally Financial estimated that used car prices will fall by 15 percent by the end of 2023.