Wholesale used vehicle prices in January averaged $10,263 — up 4.9% compared to December and up 0.6% relative to January 2015, according to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class.

The modest year-over-year rise in average prices was made possible by the 10.5% rise in truck prices, as car prices fell 6.3% and crossover prices fell 1.6%, according to the latest Kontos Kommentary from ADESA Chief Economist Tom Kontos. Moreover, every car and crossover segment saw year-over-year average price declines, while every truck segment — except minivans — saw year-over-year price increases.

Average wholesale prices for used vehicles remarketed by manufacturers were down 1.6% month-over-month but up 6.6% year-over-year, as OEMs sold fewer units than a year ago, according to ADESA. Conversely, prices for fleet/lease consignors were up 4.9% sequentially but down 0.8% annually, as fleet/lease sales volumes rose significantly versus prior year.

Data from NADA showed a 9.9% year-over-year increase in retail used vehicle sales by franchised dealers and a 10.5% increase for independent dealers in January, but both were down by over 30% on a month-over-month basis.

This Kontos Kommentary analysis is based on nearly six million annual sales transactions from more than 150 of the largest U.S. wholesale auto auctions, including those of ADESA as well as other auction companies. ADESA Analytical Services segregates these transactions to study trends by vehicle model class.