In November, wholesale used-vehicle prices, measured by the Manheim Used Vehicle Value Index (MUVVI), rose 0.2% year over year to 205.4, though non-adjusted prices fell slightly month over month. Seasonal depreciation was less pronounced due to tight market supply, supporting dealer demand despite the Thanksgiving slowdown. Market segments like sedans saw price increases, while SUVs and pickups experienced year-over-year declines. Electric vehicle (EV) values showed stronger depreciation trends, contrasting with slight gains for non-EVs. Retail used-vehicle sales increased 5% month over month and 15% year over year, with average retail listing prices up 0.4%. New-vehicle sales rose 10.1% from last year, though fleet sales dropped. Consumer confidence improved, with indices rising year over year, but vehicle purchase plans slightly declined amid easing interest rates. Gas prices fell 6% year over year, further bolstering consumer sentiment.