Used car prices went up to insane levels during the Biden-Harris open borders period. The Washington Post reports Brookings calculations that immigrants are now departing:
Are used car prices coming down? “Manheim Used Vehicle Value Index: December 2025 Trends”:
The Manheim Used Vehicle Value Index (MUVVI) rose to 205.5, reflecting a 0.4% increase for wholesale used-vehicle prices (adjusted for mix, mileage, and seasonality) compared to December 2024. The December index is up 0.1% month over month. The long-term average monthly move for December is flat, showing no change from month to month.
Prices actually went up in the past year? Not if you adjust for inflation. Up 0.4% is the new down once you subtract roughly 3% inflation. So the correlation with migration seems to exist, but isn’t 1.
Rents are falling, according to this industry source that takes the landlords’ perspective of higher rents = “improvement”…. “US apartment rents drop in steepest November decline in more than 15 years”:
Related:
- Immigrants expand our economy, but millions of immigrants exiting the U.S. don’t shrink our economy (U.S. economy has continued to grow despite the departure of those whom we were told were the essential engine of economic growth)
Rent inflation in Calif* most definitely slowed because of fear among prospective immigrants, but is still above 5%. Most of the immigrants buy houses as soon as they can while apartments tend to be dominated by whites, though. Multigenerational wealth, lack of a future real estate inheritance, higher birth rate, higher education have them outcompeting everyone else for houses.