I was looking for a car this time last year. Some dealers had more stock than others but you could see that stock was drying up gradually. I bought my current car for £15k, it was up for slightly more than that. Later thay year my friend was after the same model and year, you struggled to find cars below £18k and they were rough examples. Prices continued to rise in to 2022. However, it does appear that things have improved slightly to an extent. The current situation with Russia and rising costs has knocked consumer confidence and many people are being more measured about their lifestyle choices.
The resultant effect appears to be cars that are £8k+ are becoming a little easier to get hold of and prices have dropped slightly in that bracket. Sub £8k is more competitive and stock is there but prices are way over what they should be. sub £2k is horrendous, you've got cars that would have been £500-£750 bangers now selling for £1,250-£2k. My 17 year old daughter is looking for her first car and everything we have looked at has been a turd :-(
I deal with some of the main manufacturers and new cars is a nightmare, stock is scarce of most new models with build windows continually moving due to shortages of chips, electronics etc etc.