Data shows used car prices are down 3.3% year over year.
While still inflated, according to the consumer price index, used cars are among the few sectors with lower prices than last year.
However, based on typical depreciation formulas, used inventory is still high by about 33%
EV prices, which hit summer peak, are down 20% from their July high point. Batteries, however, are getting more expensive, which will have an impact.