Used car prices are surging. Here's why you should buy now

Carol Rice stands with her recently-purchased 2003 Ford Ranger Wednesday, March 15, 2023, in Shawnee, Kansas. Rice's timing to buy the truck was ideal, taking advantage of a recent dip in used car prices which now appear to be heading back up. (AP Photo/Charlie Riedel)

Carol Rice stands with her recently-purchased 2003 Ford Ranger Wednesday, March 15, 2023, in Shawnee, Kansas. Rice's timing to buy the truck was ideal, taking advantage of a recent dip in used car prices which now appear to be heading back up. (AP Photo/Charlie Riedel)

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