Is it just me or are you all getting inundated with requests from dealerships that will "pay top dollar for your trade in". I've had emails and just got a text from a dealership (where I get my oil changed) for a trade in request. I thought why, but then did some digging and as I suspected, the obvious answer is the correct one.
The now short lived EV honeymoon is dying out due to the astronomical prices being charged (no pun intended) for EV's, the lack of charging options and the lack of range versus a gas powered vehicle. That and hybrid sales are through the roof. EV's are not going away but they are just priced way too high for the average American. I equate them to craft beer. There will be a market for them but the American population are Coors Light drinkers more so than craft beer because they can afford it.
So, the demand for used vehicles, priced at a reduced price, are in high demand. It's the simplest answer as to this: what can you afford? Used vehicles. My nephew just bought a 2020 Ford Fusion Hybrid for $21,500. Still higher than what I would want to pay but it only 14,000 miles on it and it is loaded! And 50 mpg!! That's the key!!