As 2016 came to a close, RVI Group’s latest Market Update revealed that while used-car prices decreased in December compared to a year earlier, prices posted a slight uptick when compared to the prior month and making an economic adjustment.

The RVI Used Vehicle Price Index for December decreased by 0.2 percent when compared to November. And compared to a year ago, the index was down by 3.9 percent.

Adjusting for inflation, the index increased by 0.3 percent in December, and was down by 6 percent year-over-year.

RVI’s Used Vehicle Price Index, which started at 1.0 in January 2001, measures wholesale values of used cars 2 years old to 5 years old adjusted for mileage, mix and seasonality.

The index in December was at 1.065.

On a year-over-year basis, prices were down 6 percent in December.

Despite all segments running decline, pickup trucks continued to benefit from low gas prices and on a year-over-year basis performed better than the market average.

In December, RVI Group noted gas prices increased by 3 percent from the previous month.

Gas prices went from $2.30 per gallon in November to $2.37 in December.

Prices at the pump were up by 10.4 percent on a year-over-year basis.