March saw strong performances from small hatchbacks, medium family, large family, compact executive and 4×4 segments. 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 (£109 to £2,027), medium family by 6.5 per cent (£143 to £2,335), large family by 7.4 per cent (£135 to £1,995), compact executive by 5.6 per cent (£166 to £3,138) and 4x4s by 5.9 per cent (£313 to £5,573).
When compared with the same time last year average values of dealer part exchange vehicles are down 4.9 per cent (£127).
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. The short term forecast for April is one of stability and much will depend upon the strength of retail demand over that all important Easter weekend.’