In less than two years, the auto industry might look a lot like the business we knew before the Great Recession.

That’s according to executive analyst for NADA Used Car Guide Jonathan Banks, who predicts late-model used vehicle supply will reach pre-recession levels in 2017.

Banks reported this assertion on Monday, right in time for the NADA and J.D. Power Automotive Forum on Tuesday, hosted by the New York International Auto Show.

And of course, with the growth in supply, the industry also expects this trend will put downward pressure on used-vehicle prices in the coming years.

"The used car market has enjoyed high demand and short supply after the recession causing used car prices to reach all-time highs,” said Banks. “As the automotive market continues its rapid recovery, fundamentals in the automotive market will inevitably drive used car prices down. The question everybody's asking relates to how much prices will drop and when."

There are a variety of factors at work this year, putting opposite pressure on used prices.

NADA’s predictions take into account strong economic growth, new products, healthy employment gains, higher home prices and lower gasoline prices as factors that could potentially have a positive impact on used prices.

But on the other hand, these factors will be battling the negative impact on used prices of higher supply, increased new-market pressure, such as incentives, and tighter credit conditions.

"A burgeoning off-lease supply of used vehicles will drive late-model (5 years old or newer) volume up 8 percent this year. While late-model supply will reach pre-recession levels in 2017, overall supply won't reach this point until a few years later,” said Banks. “Off-lease supply will be dominated by compact cars and utilities, along with mid-size cars and utilities, which is a pre-recession trend reversal.”