The latest figures from the HPI Used Car Valuations Index show values have crept up for the fourth month in a row.

Vehicle information expert HPI believes this is due to a scarcity of quality used stock in the wholesale, auction and retail markets – leaving dealers short of stock and therefore able to command values slightly above the usual levels for June.

Compared with the month of May, used car values in June show a very small increase for the fourth month in a row, 12-month old cars are up by 0.2% while 36-month cars are up by slightly more at 0.9%.

Petrol cars that are 36 months old fared best with values up 1.4%, compared to diesel up 0.4%.