Used car prices have shown mixed trends recently, with average prices rising slightly in July but falling in September according to the Manheim Used Vehicle Value Index, which reported a 0.2% decline. The market for used electric vehicles (EVs) is particularly weak, with prices dropping 24.7% over the past year, significantly outpacing declines in hybrid and gasoline vehicle prices. Factors contributing to this depreciation include rapid advancements in EV technology and a slowdown in consumer demand, resulting in leasing companies facing unsustainable losses on resold EVs. Meanwhile, overall used car prices are expected to stabilize as new car incentives increase and interest rates potentially decrease in the coming months. Despite some fluctuations, demand for used vehicles has improved as they sell faster than a year ago, suggesting a gradual recovery from Covid-era pricing. Analysts recommend potential buyers to start their research now, as prices may rise with the anticipated drop in interest rates.