A recent Morgan Stanley research report focused on the world of used car sales.

The report centered around the Manheim Used Vehicle Value Index, which rose 0.7 percent year-over-year to 123.3 in November.

According to the report, the average used vehicle price in November was $10,043, up 0.2 percent year-over-year and 1.4 percent month-over-month.

Despite the uptick in the November numbers, Morgan Stanley’s outlook for the future of used car prices is grim. Analysts predict the largest extended decline in used auto prices in U.S. history over the coming years. Although the potential for a bounce in prices is possible in the near-term, analysts are convinced that any such bounce would be short-lived.

Morgan Stanley sees a number of reasons that used auto prices will be under unprecedented pressure soon…

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