The latest figures from the HPI Used Car Valuations Index show that the rate of fall of used car values is beginning to slow in some categories.
There is no escaping the fact that the average year-on-year fall for all 12-month vehicles is over 20 per cent, with a 33 per cent drop suffered by the three-year-old luxury sector.
But some sectors are performing better than others and a few are beginning to show very small signs of a potential recovery.
The petrol 12-month-old City car is one such sector – it recovered slightly in September, with its year-on-year fall now only nine per cent. The diesel version fared even better, showing a total fall of 5.6 per cent.
HPI experts also believe that the worst could be over for the three-year old family car group.
Both petrol and diesel family cars saw values rally a little in September, rising 2.3 and 1.9 per cent respectively, compared to year-on-year figures for August against September.
Written by Gerard Stevens