Read through the Autonation earnings call and comments from the CEO. If this is what he is saying, I’d consider it reliable.
https://finance.yahoo.com/news/autonation-expects-used-car-price-130901997.html
ETA: def posted in wrong section, please move.
You can click on the pencil icon and shift it as well. 
lets goooooooooooo!
Totally agree. Prices going down in 2023. If we get to 2024 and it hasn’t happened, then I predict 2024. I’ll keep predicting it each year. Eventually I’ll be right and can brag about it.
Will companies ever be motivated like before(pre-pandemic)? There seems to be no reason
Used car prices came down 2% last month alone. Tesla dropped prices. CEO of the largest dealer group in the country saying lease prices are coming down. Some strong indicators imo.
Source for the 2% drop? Maybe retail? Manheim just published their January data and it showed a MoM increase from Dec to Jan.
Prices are down big when you calculate inflation.
13% yoy down according to manheim up 2.5% December to January, this does not take inflation into account.
Leases aren’t going to become more affordable anytime soon as interest rates have doubled in a matter of year with the likelihood of it continuing to go up even higher.
I can proudly say that we’ve been slashing prices since before it became fashionable again. 
Has MF really outpaced interest rates though? If it’s just market driven and not industry/asset risk driven, then it’s not really an increase in adjusted cost. Assuming it has consistent spreads when calibrating over time to interest rates in comparable financing auto loans, then its not a big factor in the true cost of leases when tracking over time.
So at least with bmw, it seems the rates were very close 4 years ago to what they are now.
Rebates and residuals are markedly worse but on many lines, the front end discounts are approaching comparable levels.
CPI report
And payments are double