According to Manheim Consulting, wholesale used vehicle prices rose by 0.6% in the month of November. The November Manheim Used Vehicle Value Index was 122.6, which represented a 1% decline from a year ago, a 25% increase from the trough in December 2008, and a 4% decline from the all-time high reached in May 2011.
Also, according to Manheim, Hurricane Sandy lifted used vehicle values in November by both reducing supply and increasing demand.
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