New used-car owners could have been left searching for
Motor auction house Manheim Remarketing revealed that average car values rose by £77 to £6,813 during the month, which represented a recovery after the 0.7% drop in September.
All three vehicle sectors were boosted by October's figures, with average fleet values rising by 1.7% to £6,036, part-exchange values climbing by 0.5% to £2,231 and manufacturer stock increased by 1.1% to £12,188.
But despite the recent upturn in fortunes, average prices are still 5.2% lower than they were at the start of this year.
The fleet sector saw a significant increase in the value of superminis, up 9.2% (£299) to £3,535, while 4x4s rose 6.7% (£784) to £12,427.
Large family and executive cars showed the strongest recovery in dealer part exchange prices, up by 6.1% (£103) and 7.5% (£236) respectively, while small hatchbacks were the big winner in manufacturer stock values with an increase of 6.4% (£523).
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