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Used car selling prices in the wholesale market fell 3.1 per cent (£185) in December compared to the previous month, according to the latest data from Manheim.
This was a sharp increase on November, which saw a decline of 1.6 per cent (£97) on the previous month.
The average selling price in December was 14.5 per cent (£969) lower than in December 2007.
In the fleet sector average month-on-month values fell by 3.1 per cent (£149) compared with a rise of 3.4 per cent (£161) in November, while in the dealer sector average month-on-month values fell by 4.9 per cent (£82) compared with a fall of 4.3 per cent (£76) the previous month.
Although overall values declined in December there were some notable exceptions.
In the fleet sector the supermini, compact executive, executive and mini-MPV segments recorded increases of one per cent, (£32), 3.3 per cent (£206), 7.2 per cent (£589) and 1.6 per cent(£63) respectively.
In the dealer sector the executive, MPV and large coupe sectors also recorded increases of 3.4 per cent (£71), 2.2 per cent (£42) and 19.2 per cent (£821) respectively.
Manheim Auctions & Remarketing managing director Mike Pilkington said: “Although average wholesale values continued to fall in December there were several examples of increases which suggests that if a vehicle is in demand and the price is right it will sell.