Britain’s car market is booming. New car registrations grew by more than 8% in April – the 26th consecutive month of growth. New car sales are forecast to top the pre-recession peak of 2.4 million this year.
That’s good news for the likes of this Aim-listed company, the sixth biggest car dealer in the UK. But how long can the good times last? The market for new cars in Britain looks increasingly like a debt-fuelled boom, with nearly four out of five cars bought on credit.
Economies across Europe have been weak and this means that car makers have [...]
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