Used-car sales expected to drop again in 2023

For Groves, it seems that a metaphorical switch was flipped at the end of 2022, particularly in October and November.

“When you watch new-car lots — mine, anybody else’s — start to pick up on inventory, then you just know that the pendulum is going to swing back,” he said.

Slightly higher new-vehicle inventory in 2023 may ultimately provide a critical boost to the used market, said Thomas Castriota, dealer principal of Castriota Chevrolet in Hudson, Fla.

With new-vehicle…