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.

Dealers started pulling back on their inventory of used cars as prices were declining late last year and into January. Much of the decline began late last year as a larger supply of new cars ...

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 ...

And prices would have risen 6.9% over the same 12 month period if used car prices had posted such a steep decline and instead just stayed unchanged.