Will The Used Car Market Ever Return To Normal?

Since Covid the car markets both used and new have been all over the charts, from not being able to order a car because the assembly lines were closed to paying 2/4 more on the value of a used car because that's all that was being sold. In the beginning of Covid, car assembly lines across the states and other countries shut down and laid people off from work to try and get the situation under control. In doing so car manufacturing slowed so much that some factories were only pushing 100 cars maybe less out the door a day. To put that into perspective the dealership I work for alone has 720 cars sitting on the lot ready to sell. As production slows, the demand for cars goes up. Some people were smart enough to realize this and decided they really didn't need a car at that moment so they put their car up for sale. These cars were selling for astonishing amounts and sometimes more than what the original owner paid for it. For example a lady with a 2018 Chevrolet Malibu that cost her $18,000 was able to sell her car off for $26,500 during Covid. Now since Covid is almost non existent to so many people, car production is back up to its regular speed; but the used car market is still the highest it's ever been forcing most dealerships including mine to auction our trade ins off rather than trying to sell them. Kelly Blue Book says that it could be many years and possibly well into the 2030’s until we see the market start to depreciate in value again.