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  1. New car sales fall by 1/5 as turkeys come home to roost in the sector. https://www.theguardian.com/business/2017/may/04/uk-car-sales-tax-changes-price-rises-april http://www.bbc.co.uk/news/uk-scotland-scotland-business-39807468 Lack of PPI funded deposits, changing government attitude to diesel, market flooded with low-mileage used, disappearing electric subsidy etc etc, plus a tapped out population mean that the good times for car dealers have faded by 20% in England and 17.5% in Scotland. The chap from the SMMT says, "Given the strength of the new car market over the first four months of the year, with numbers still up on 2016 by 1%, the retailers have fantastic levels of outstanding pre-owned vehicles and the message we are hearing is still a very encouraging 'business as usual' for anyone looking to change their current vehicle." There you have it 'outstanding levels of pre-owned vehicles', most probably diesel, car dealer speak for cake today - starve tomorrow.