Enjoy complimentary customisation on priority with our Enterprise License!
The UK used car market size is forecast to increase by USD 35.7 billion at a CAGR of 5.97% between 2023 and 2028. The used car market in the UK continues to be a significant sector, with passenger cars being the primary focus. Used car management is a critical aspect for both sellers and buyers, as the market trends evolve. One notable trend is the increasing popularity of hybrid and electric vehicles, as consumers seek more sustainable transportation options. This shift towards eco-friendly cars is expected to influence residual values and quality finance charges. Another trend shaping the market is the growing preference for online sales channels. Franchise dealers and independent sellers alike are leveraging digital platforms to reach a wider audience and streamline the buying process.
Furthermore, car subscription services are also gaining traction, offering flexible and cost-effective alternatives to traditional car ownership. In conclusion, the used car market in the UK is driven by factors such as the excellent value proposition of used cars, improved touchpoint management, and the increasing preference for sustainable and flexible transportation solutions. As the market continues to evolve, sellers and buyers alike must adapt to these trends to remain competitive.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Channel
7 Market Segmentation by Vehicle Type
8 Market Segmentation by Type
9 Customer Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.