Used EV prices are falling much faster than anyone predicted

Anyone else tracking the used EV market? Recent auction data shows values down 20-30% year-over-year, while comparable petrol cars are only off single digits. I get it, new model rollouts and tax credits distort things, but this feels like a structural shift. Lease returns coming off three-year terms are flooding lots, especially base Model 3s and Mach-Es. That's great for bargain hunters, but it's hammering residual values. I'm seeing two-year-old EVs listed for less than what a lease buyout would cost. Is this just an early adopter correction, or should we expect