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Wholesale used vehicle prices rose 1.2 percent in December, but finished the year down slightly.
The Manheim Used Vehicle Value Index, which adjusts prices for mix, mileage and seasonality, closed out the year at 124.1.
The year-over-year decline was 0.8 percent. On an annual average basis, the decline in the Manheim Index was 1 percent.
In December, the average auction price for rental risk units remained in the same narrow range they had been in all year. Average mileage declined marginally during the month and the volume sold remained slightly depressed due to delayed defleeting.
Midsize cars show the greatest pricing strength. Over the past month, past three months, and past year, midsize cars have shown the largest wholesale price increases.
For the year, luxury cars and SUVs/CUVs had the weakest.