Derren Martin, senior editor, Black Book said volumes were not likely to increase sufficiently to make a dent on values.

“Historically, the second quarter of the year is when values across most sectors begin to fall and this year is unlikely to break that pattern.

“However, we don’t expect to see used car volumes increase significantly enough to have any major impact on values.

“Our view is that the second quarter of 2014 will almost mirror that of 2013 and we would expect to see April remaining fairly flat on the back of momentum gathered through March followed by bigger market movements of around -1.5% to -2% per month for May and June.”

Rupert Pontin, chief car editor, Glass’s, said: “I expect second quarter values to continue to drop in line with the market conditions we have experienced for the last couple of months, so gentle downward moves although late plate values may be under pressure depending on the quantity of pre registrations forced into the market.”

Earlier today Richard Woodward, managing director of DC Auction Group said values were likely to remain strong because of vehicle shortages and balanced demand