ATLANTA –

Another day, another wholesale vehicle value index reaches a third-straight record high.

Same as the Black Book Used Vehicle Retention Index's record streak reported Monday, Cox Automotive said Tuesday that its Manheim Used Vehicle Value Index has now reached record highs for three straight months.

Specifically, the Manheim index was at 232.5 in November. Adjusted for mix, mileage and seasonality, this marked a 43.5% year-over-year increase, with wholesale prices climbing 3.9% from October.

Without those adjustments, wholesale prices were up 43.8% year-over-year and 1.9% month-over-month, Cox Automotive said.

Their data also dissected weekly changes in Manheim Market Report values, which showed slowing increases throughout November. Specifically, the MMR Three-Year-Old Index was up a total of 1.9% for the month.

“Over the month of November, daily MMR Retention, which is the average difference in price relative to current MMR, averaged 99.4%, which meant that market prices were behind MMR values,” Cox Automotive’s analytical team said.

There was also a drop in the daily sales conversion rate, which came in a still “elevated” rate of 59%, Cox said.

And it was still ahead of the prior-year rate of 52%.

“This indicates that buyers remained more aggressive in buying than is typically the case in the fall, but were less aggressive than in October,” Cox analysts said.

Looking at wholesale price movement in various segments, vans showed the largest year-over-year increase (57.1%), followed by compact cars (up 46.8%) and midsize cars (up 46.3%). 

SUV/CUV prices climbed 43.9%, luxury cars were up 34.3% and pickups were up 33.3%.