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Wholesale prices were fairly flat in November.
Wholesale used vehicle prices on an adjusted basis rose by 0.6 percent, according to Manheim Consulting. Without the seasonal adjustment, prices were unchanged.
The November Manheim Used Vehicle Value Index stood at 122.6, which represented a 1 percent decline from a year ago, a 25 percent increase from the trough in December 2008, and a 4 percent decline from the all-time high reached in May 2011.
Due to Hurricane Sandy, most rental car companies partially delayed scheduled defleeting. Average auction prices for the available units remained steady in the $15,000 range.