Used car prices in the U.S. fall month-on-month for the first time in half a year amid soaring gasoline prices, while electric vehicle sales rebound.

The latest data from Cox Automotive, a U.S. automotive distribution and data services company, shows that the Manheim Used Vehicle Value Index, which measures trends in U.S. used car prices, fell 1.6% month-on-month in April, but still increased 1.8% year-on-year. Cox stated that price affordability remains a core consideration for consumers when purchasing vehicles, which has driven increased demand for used cars and pure electric vehicles in the Manheim auction market.