Car and truck leases plummeted in 2022. Three years later, Edmunds expects leased vehicles to make up only 18% of used car sales in 2025, the lowest figure since the Great Recession era.

Leasing dropped sharply in 2022 and 2023, meaning fewer 3-year-old used cars are returning to dealerships in 2025. As supply shrinks, price goes up. Why used car prices are rising in 2025: What ...