Booming UK used-car market drives debt fears

Booming UK used-car market drives debt fears (FT) 

“However, the detail is the key,” said Rupert Pontin, director of valuations at Glass’s. Newer used-cars are losing more of their value and more quickly.

A used car that is less than two-and-a-half years old is worth 57.6 per cent of its original value, down from 61.1 per cent in 2014.“

This is likely to continue to be the case for the rest of 2017 and into 2018 as well,” he said, as more cars come off the three-year credit deals they were bought with and that have been wildly popular with UK consumers."

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 https://www.ft.com/content/d340ea28-5040-11e7-bfb8-997009366969