CAP Monitor, the industry standard for all future predicted value of all vehicles has announced it is adjusting all values. The bad news is that CAP are adjusting the values downwards. This is seriously bad news for manufacturers, finance companies and us the leasing companies. This means that the price to lease any car or van will increase.

Manufacturers have already reacted to what is already a very volatile market. BMW have cancelled 2,000 build slots for 1 series and their Mini factories will take extended winter leave with both their factories in Swindon and Oxford now shutting down for four weeks instead of two.

The finance companies took swift action by immediately reviewing rates due to the drop in residual values. Needless to say the rates rose rather than fell.

Submitted on Monday, November 17th, 2008 at 9:58 pm