The Economist and various other publications have highlighted the growth of personal finance and the danger of a debt bubble, especially with regard to cars. Property, equities and bond prices are at or close to all time highs and well above fundamnetal levels. I appreciate we enjoy our cars and don't want to think about financial reality, but when I visited a car dealership recently they explained they were having a boom time and I asked how come and they said all down to the growth of personal finance.
So how many think there is a car bubble?
As a petrolhead I agree there is more to cars than utility and money. I am also aware in the last proper recession (early 1990s) the value of cars plummeted...
So how many think there is a car bubble?
As a petrolhead I agree there is more to cars than utility and money. I am also aware in the last proper recession (early 1990s) the value of cars plummeted...