Used car values fell by 1.2% at the three-year, 60,000-mile point in cap Live throughout April.
This was a strong performance despite concerns about the economy amid the Iran war, according to Solera cap hpi.
The 1.2% fall in average values, equivalent to around £220, was in line with the past 14 years’ average.
The weakest performing sector in percentage terms was Supermini, with an average decline of 1.9% at the three-year-old point, equivalent to around £195.
Executive, Large Executive, MPV and SUV segments followed, with values moving back by 1.7% and 1.4% respectively.
Within the SUV sector, performance varied by size, with large SUVs proving the most resilient at the three-year-old point, down by 1%, while small and medium SUVs recorded declines of 1.5% and 1.6% respectively.
Among the remaining segments, City Car values declined by 1.3%. Lower, Medium and Luxury Executive performed slightly better, with movements of 1.1% in each case, while Upper Medium stood out as one of the stronger mainstream sectors, recording a relatively modest reduction of 0.5%.
Chris Plumb, head of current valuations for Solera cap hpi, said: “After a period where monthly movements had been less favourable to seasonal norms, April felt like a return to more familiar market conditions following the Easter bank holiday period.
“BEVs in particular showed a late improvement towards the end of the month, and while it remains too early to draw firm conclusions, there will be some hope that this momentum can carry into the months ahead.”
The strongest BEV performers over the period were models that had previously recorded some of the largest declines earlier in the year.
Diesel was the weakest performing fuel type, with values down by 1.3% at the three-year-old, 60,000-mile benchmark.
Both trade buyers and retailers appear increasingly cautious about stocking diesel, influenced in part by the current cost of refuelling. PHEVs followed with a decline of 1.1%, while petrol and HEVs recorded similar movements of around 1%.
