Average ex-finance and fleet vehicles saw an increase in supply and drop in demand during October, according to G3 Remarketing.
The average price of ex-finance vehicles dropped roughly 5% month-on-month to £6,531, with ex-fleet vehicles down 2.79% to £8,746.
Matt Dale, director of G3, highlighted the Ford Fiesta and Focus, Citroën DS3 and Vauxhall Insignia as seeing "significant drops".
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Meanwhile, Dale said the first cars from the 63-plate registration were entering the supply chain and stock volume had increased 10% during the month.
"Volumes are expected to plateau in November, but with overall rates dropping, this will have a detrimental impact on values until early January," said Dale.
MPVs have seen a surprise increase in price while cheaper small cars have remained buoyant.
While nearly new Vauxhall Zafira Tourers held a return of 103% CAP Clean, Renault Clios, Vauxhall Corsas and Citroën C1s priced between £3,000 and £4,000 averaged 101%.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDatarichard.brown@timetric.com
