The UK car market is viewed by carmakers as one of the most buoyant in Europe. Experts say this year will see more new car registrations than in 2003, when 2.58m vehicles were registered.

With 40 months of consecutive growth, the UK is considered something of a ‘honeypot’.

The pound is also very strong against the euro, which means carmakers can offer attractive discounts to UK buyers.

And in terms of cheap credit, there has arguably never been a better time to buy a new car.

But some voices within the industry say that the party could be about to end.

A recent report in the FT suggests that car makers are supplying vehicles to the market that are not demanded.

However, many dealers are 'self-registering', which means they buy the cars themselves in order to meet their sales targets. If a target isn’t met, even just by one car, then they will lose their entire bonus.

And with so many new cars on the road, residual values may be pushed down, further indicating that the current desire for new cars could be about to dip. By 2017 there will be 20 per cent more cars aged less than three years than in 2013, according to KPMG.

Indeed, the Society of Motor Manufacturers and Traders have been saying the market is about to cool for over a year – further suggesting the market should have calmed down some time ago.