UK car buyers turn to secondhand vehicles

The Guardian - Figures suggesting new car market is cooling could alleviate concerns over credit bubble in motor financeThe British car market is coming under increasing pressure as consumers turn away from buying new models after a squeeze on earnings, favouring secondhand cars instead. Figures show the number of used cars bought using finance increased by 7 in June compared with the same month a year ago, according to the Finance and Leasing Association, which represents about 86 of borrowing