Continuing a pattern the company said it has seen since the spring, ADESA Analytical Services’ monthly analysis of wholesale prices by model class showed the November figures softened both year-over-year and month-over-month.

ADESA determined wholesale values in November averaged $9,554 — down 2.2 percent compared to October and off by 3.2 percent relative to November of last year.

Company economist Tom Kontos pointed out full-size cars, vans and SUVs took the biggest price hits during the month.

“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 Superstorm Sandy,” Kontos said.

“Nevertheless, prices may have shown even more Thanksgiving holiday softening if it weren’t for the strong retail demand and somewhat diminished supply in the Northeast following the storm,” he continued.

“Prices for younger units also held up quite well, especially for off-rental program units sold by auto manufacturers,” Kontos went on to say. “This upward pressure on prices will gradually wane and remarketers would be well advised to try and sell units sooner rather than later, perhaps by year-end.”

ADESA discovered 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. Kontos said the trend is “indicating good absorption of off-rental program vehicles.”

Analysts also found fleet/lease consignors experienced a 3.0-percent decrease in November, leaving prices down 2.6 percent year-over-year.

Meanwhile, ADESA pointed out dealer consignors saw a 1.7-percent average price decrease versus October, resulting in prices being down 3.9 percent versus November of last year.

Kontos wrapped up his latest commentary by mentioning CNW Research information that indicated retail used-vehicle sales in November spiked 28.7 percent year-over-year for franchised dealers and 32.7 percent for independent dealers. However, Kontos noted that both dealer categories sustain a 6.6 percent month-over-month sales dip.

Kontos added November sales of certified used vehicles were up 0.9 perent month-over-month and higher by 7.3 percent year-over-year based on data from Autodata Corp.