Luxury cars pricing performance helped to bolster a used market which increased by a nominal 0.1% in July, according to Motors.co.uk.

The online retail portal recorded the change through its transactions throughout the month, the average price rising slightly to £12,472.

Luxury cars performed strongly in the retail market in July, however, with average selling prices rising by 4.4%.

The wholesale market at Manheim’s auctions saw its average selling drop by 3.4% month-on-month, but within that figure the luxury segment saw selling prices up by 6.5%.

A spokesman for Manheim said: “While the average wholesale selling price was largely affected by the 3.9% decrease in ex-fleet car values, which fell to £9,822, it was bolstered by a slight rise of 0.5% in the average selling prices for part-exchange stock, which rose to £3,529.”

The overall retail, wholesale and ex-fleet car markets all witnessed decreases in the selling prices for both diesel and petrol cars, but for dealer stock, which made up 62% of Manheim’s units sold in July, the average selling price of both diesel and petrol cars increased.