If you have one from last year, don’t throw it out. This warm rug/blanket-like trend is still going strong. Ponchos are great for Autumn layers.
This year the trend has evolved more towards long open cardigans that are a bit more fitted than ponchos. These are even better for layering because they can fit inside your coat better.
As the weather gets colder these can be worn as an indoor layer underneath your big overcoat, parka, trench coat etc…