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Wholesale prices moved down last month, according to ADESA Analytical Services.
Average wholesale used vehicle prices in November resumed the general softening they have shown since Spring, after what may turn out to be only an upward "blip" in October due to Hurricane Sandy.
Prices for newer units held up quite well, especially for off-rental program units.
According to ADESA Analytical Services' monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in November averaged $9,554 - down 2.2 percent compared to October and down 3.2 percent relative to November 2011.
Full-size cars, vans and SUVs took the biggest price hits during the month.
Prices for used vehicles remarketed by manufacturers rose by 2.7 percent month-over-month in November, and were up 6.2 percent year-over-year, indicating good absorption of off-rental program vehicles. Fleet/lease consignors experienced a 3.0 percent decrease in November, leaving prices down 2.6 percent year-over-year. Dealer consignors saw a 1.7 percent average price decrease versus October, resulting in prices being down 3.9 percent versus November 2011.