Manheim Auctions’ latest Market analysis for cars reports that in November average wholesale values stabilised, falling by just 0.06% (£4) to £7,169 compared with the previous month.

However, average values in the fleet sector fell by 3.2% (£207) to £6,206, dealer part exchange values fell by 5% (£119) to £2,236 while manufacturer stock rose by 4.2% (£536) to £13,235.

Within the fleet sector, examples of notable decreases in average values included small hatchbacks, medium family, large family and compact executive models, which fell by 0.6% (£29 to £4,446), by 1.9% (£111 to £5,593), by 6.8% (£362 to £4,959) and by 3% (£250 to £7.986) respectively.

In addition mini MPVs fell by 6% (£346 to £5,434). Increases in values in the fleet sector include superminis which rose by 7.9% (£270 to £3,694).

Mike Pilkington, managing director, Manheim Auctions and Remarketing, said: “Average wholesale values stabilised in November but are still 36% - £1,898 - higher than 12 months ago.

“These results confirm the continued underlying strength in the market despite falling retail demand at this time of year; indeed wholesale purchasing activity was vigorous in the month from some dealers as they anticipate rising values and stock shortages in the New Year.”