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The normal used car market won't correct until chips and new cars are available again, but collectible cars will probably see a decline back to sane levels. I've already started to see it in some other luxury/collectible markets.
Not sure if anyone else here is into watches, but people where buying $10k MSRP Rolex's for $20k thinking they could flip them for $30k up until a few weeks ago, when the bottom fell out of that market. They still sell for over MSRP but not triple anymore. The froth and excess is coming out of the market, and I think that is a good thing.
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1999 Ocean Blue Metallic Boxster - blueboxster.com
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