The car shortage has come to an end, with new car supplies hitting a four-year high, leading to an increase in used car availability as well. Despite the higher supply, prices have remained steady at around $49,000, with experts attributing this to the rising costs of advanced features in modern vehicles. While it may not be the best time to buy for everyone, shoppers can still find good deals on high-margin luxury SUVs and used electric vehicles. Lower-priced vehicles under $30,000 remain hard to find due to high demand, but options like sedans and hatchbacks can provide better luck. Buyers should also remember to factor in financing costs and the rising price of auto insurance, which has increased by 20.3% in May. Overall, the market is evolving, offering more choices and incentives for buyers in 2023.