New figures published by CAP have highlighted a shift in consumer attitudes towards older vehicles in the UK's second hand market.

The organisation's Black Book Live identified average values across different vehicle categories and in August it reported that for the first time, 12-month vehicles were seen to have higher levels of depreciation than older models.

Derren Martin, senior editor of Black Book Live, said: "Although this has been anticipated within the industry and is not unexpected, it was only during August that we saw real evidence of values for late plate cars being more heavily affected than the rest of the age ranges."

However, he added buyers and vehicle owners across the country should not panic if they own a relatively new car, as there is no suggestion the market has collapsed for newer used cars.

Indeed, models aged between three to four years are now among the most desirable for buyers.

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