CARMEL, Ind. –

November marked another month in a modest and largely seasonal downturn, as wholesale prices fell marginally from October and moved ahead from year-ago levels, according to ADESA’s Tom Kontos.

Specifically, the average wholesale value in November was $9,869, a 0.1-percent sequential decrease and a 0.5-percent year-over-year lift.

“Wholesale prices in November were down modestly relative to October but up relative to November 2010, continuing the moderate, mostly seasonal softening pattern described in our previous commentaries,” Kontos noted.

Breaking it down, car values fell 0.3 percent month-over-month and climbed 3.2 percent from November 2010. Prices for cars averaged $8,872.

Trucks, meanwhile, were down 0.2 percent from October and fell 1.9 percent from a year ago. The average wholesale truck price was $10,957.

“Among high-volume segments in the wholesale market, compact and midsize cars and midsize and full-size SUVs all took price hits during the month, while minivans and pickup trucks saw price increases,” Kontos went on to note. “Luxury cars showed prices increases, while prices declined for luxury SUVs.”

Sharing consignment statistics, prices for OEM consignment were down 1 percent from October and up 5.7 percent from November 2010. For fleet/lease consignors, their prices fell 0.7 percent month-over-month and 0.6 percent year-over-year.

There was a 1.5-percent sequential gain in dealer consignment prices, which moved ahead 4.2 percent year-over-year.