US used-car prices fall 0.6% YoY; EV values rise 4.3% on fuel costs

Wholesale used-vehicle prices in the US declined 0.6% year-over-year in September, while EV values rose 4.3%, reflecting higher fuel costs shifting consumer preference. Cox Automotive has cut its year-end price forecast, indicating a softer market. The divergence between EVs and overall prices signals a structural shift in demand, with implications for auto sector margins and inflation metrics.