That's also when we'll be seeing the layoffs. Perhaps fall.
In the same way that the housing market is regional, used car markets will probably be category-specific. I'm betting we'll see quite a few Mustangs and Camaros since they're bad in the snow. I doubt we'll see enough good 4 Runners and AWD vehicles to drop the price by much.
Chip supply will probably start to alleviate by then and the new inventory will start to arrive.