Even if the decrease in used car prices is small, it is a sign that used car dealers are going to see themselves losing their pricing power fast. That's why investors are pulling out of $KMX $CVNA and other used car dealers.

Does it signify that the chip shortage is going away soon? No. Companies like $F are reporting sales declines because they can't produce more vehicles.

Source: https://www.cnbc.com/2022/05/06/used-car-prices-are-down-from-record-highs-easing-the-impact-of-inflation.html