CAP predicts used car value falls in 2012 with new forecasting tool

USED car values are set to fall 1.4% in 2012 before stabilising in 2013 and rising 2.2% in 2014, according to the latest economic forecast from residual value expertsCAP.

An anticipated rise in finance costs, as a result of a predicted interest rate rise in late 2011/early 2012, accompanied by rising utility bills and insurance, will increase the overall cost of living this year and in to next for many householders who will also suffer from the introduction of the taxation and National Insurance changes announced last year.