The same can now be said about new and used car sales. Just take a look on your local Craigslist search and you'll likely see what I am talking about. Most any working vehicle that is selling under $10,000 is sold within about 10-15 minutes, pick-up trucks a few years old selling for $75,000 within minutes of the seller posting.
If you want to sell your car, there may be no better time to do so, as it is a seller's market. That's great news for those who have an extra, unneeded vehicle sitting around.
For those who plan to sell their car and replace it, what about them? Car dealers are certainly aware of the supply and demand situation. While dealers will give you more for your trade, it is still a shell game. They'll give you more for your trade because they will also charge you more for their car. In fact the only difference now may be that they will just charge you more for their car.
Just some food for thought. I expect that 2022-23 may bring somewhat of a car glut, as new cars and trucks at major manufactures have been waiting for quite some time on storage lots for chips. When the chips are available many of these cars and trucks may be a year old, prior to sale.
If you are in the market today i would check eBay, CarGurus and Autotrader and alike along with new car dealerships throughout the country. Once I am comfortable with what price range is being asked i would begin to haggle with various dealers, starting with dealers that are farther away, not forgetting (some shocking) shipping charges. They'll give you an idea of what is available to negotiate with, which may not be much during the chip shortage. When you finally call your local dealership you'll know if the price is a good deal or whether to revert back to a deal farther away. Perhaps you'll appreciate what you have even more.