REDWOOD CITY, Calif. -

Showing some softening as the year wound down, the latest RDN Monthly Analytics Update indicated November recovery volumes decreased 4 percentage points from October levels, halting a string of consecutive month-over-month jumps.

Furthermore, the November reading came in 1 point below year-earlier levels.

Also registering downward movement, RDN indicated November recovery orders ticked 7 percentage points lower from the previous month and were off by 2 percentage points year-over-year.

The RDN Recovery Market Trend Summary — a rolling comparison of new- and used-vehicle buyer’s FICO scores against the percentage volume of recovered vehicles relative to the volume of vehicle sales financed — showed the volume of recoveries relative to retail new- and used-vehicles financed decreased during November versus the prior month.

Recovery volumes as a percentage of sales financed ended at a 35 index level in November, which represents a 2 percentage point dip from the prior month and a 4 percentage point drop-off versus the prior year.

RDN went on to mention that among the top 20 largest cities with the highest recovery volumes, Austin, Texas, was the only area to experience an actual volume increase during November.

Finally, officials pointed out that once again Texas led the nation with the highest volume of involuntary recoveries at 12 percent of the nation’s total for November, a little less than 7,200 units. They added that Texas, Florida and California constituted 30 percent of all recoveries nationwide for the month.

The Sunshine State also paced the country with the highest volume of voluntary recoveries at a little less than 1,350 units recovered during November.