The average selling price of dealer part exchange vehicles rose by 4.6 per cent £2,457 in March, according to the latest Manheim Market Analysis report.
Overall average wholesale values in March were up 2.9 per cent (£206 to £7,236) when compared with February and up 2.0 per cent (£141) when compared with the same period last year.
Average values of small hatchbacks increased by 5.7 per cent £2,027, medium family by 6.5 per cent to £2,335, large family by 7.4 per cent to £1,995, compact executive by 5.6 per cent £166 to £3,138 and 4x4s by 5.9 per cent to £5,573.
Year on year average values of dealer part exchange vehicles are down 4.9 per cent.
Daren Wiseman, valuation services general manager, Manheim Auctions said: “Dealer part exchange values remained strong through the early part of March with retail demand matching supply.
“As we noted last month the pressure on 4×4 market values has continued as more and more vehicles come to auction and all vehicles in this sector need to be appraised and valued with a degree of realism.
“Increasing volumes and an easing in demand has once again started to impact on values across all vehicle segments. This has historically always been the case and should not come as any great surprise.
Wiseman said the short term forecast for April was “one of stability” and dependant on the strength of retail demand over Easter weekend.”