UK Used Cars Market is driven by Escalating Finance Providers and Increased Lead Generation through Online Car Portals: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Augmented penetration of the dealers in the online space and the availability of the finance and insurance options over the online portals have driven the growth of used car market in UK. Key Findings New cars segment grew at a five year CAGR of 2.0% during the review period 2013 to 2018. Therefore, there has been a steady increase in the number of cars in the UK over the past years driven by increase in the population and more so by the number of households as well increased economic prosperity. There is a boost in the average used car price during the review period 2013 to 2018, holding a CAGR of around 17.0% in the UK used car space. This contributes towards growth in the Gross Transaction Value (GTV) in the UK used car market. The total number of car park (vehicles-in-use) grew across the country with a CAGR of approximately 2.0% during 2013 to 2018. This is due to increase in both new and used car sales. In addition, the used to new car ratio has increased from 3.3 in 2013 to 3.4 in the year 2018 owing to the fact that people prefer buying premium range used cars at cheaper rates as compared to brand new cars at expensive rates. Increased traffic on online car portals is one of the major growing trends within UK which led to surge in the used car lead generation. This along with the increasing average used car price has a combined effect on UK used car market GTV i.e. Gross Transaction Value Competitive landscape within the market has evolved with increasing number of used car listings on the online car portals. Major players in the online used car space include Auto Trader, Carsnip, Bristol Street Motors, motors.co.uk, Inchcape and others. Major players in the offline used car space include Pendragon PLC Group, Sytner Group, Lookers Group, Marshall Motors, Vertu Motors, and many others. High consumer spending coupled with large population density has made it favorable for many used car dealers to set up showrooms in the region where the footsteps of the used car dealerships are comparatively less. With the emergence of multi-brand showrooms and OEM-certified, there will be a wide variety of used car brands and models to choose from the convenience of the customers’ preferences. It was observed that the multi-brand dealers dominate as compared to the OEM-Certified dealers in terms of sales volume in the UK used car market, recording a CAGR of approximately 8% during the review period 2018 to 2023. Analysts at Ken Research in their latest publication “UK Used Car Market Outlook to 2023 – Market Structure (Organized and Unorganized Market); Type of Used Cars (MPVs / Sedan, Economy / Hatchbacks and SUVs); Kilometers Driven; By Year of Manufacture; and By Car Make)” believed that the used car industry in UK will augment owing to the rising penetration in the online used car portal, increase in organized dealership chains and stringent inspection process. This rise is expected to boost the demand for used cars in the country owing to the increased availability of financing options across the nation. The market is expected to register positive double digit CAGR of 14% in terms of Gross Transaction Value and around 2.5% in terms of used cars during the forecast period 2018-2023. Key Segments Covered Market Structure Organized Sector By Sales Channel (Multi-Brand Dealers and OEM-certified Dealers) By Lead Generation (Dealerships Walk-ins and Online Car Portals) Unorganized Sector By Sales Channel (C2C and Local Dealerships) By Lead Generation (Dealerships Walk-ins and Online Car Portals) Type of Used Cars MPVs / Sedans Economy / Hatchbacks SUVs Kilometers Driven Less than 5,000 km 5,000-20,000 km 20,000-50,000 km 50,000-80,000 km 80,000-120,000 km Above 120,000 km Year of Manufacture < 2000, 2000-2002 2003-2005 2006-2008 2009-2012 2013-2018 Key Target Audience Offline Dealers Online Portal Organized Multi Brands Dealers OEM Certified Dealerships Online Portal Private Equity and Venture Capitalist Industry Associations OEM Manufacturers Automotive Manufacturers Car Auction Companies Time Period Captured in the Report: Historical Period – 2013-2018 Forecast Period – 2018-2023 Online Companies Covered: Carsnip Autovillage.co.uk Auto Trader Group PLC Motors.co.uk Desperate Sellers Exchange and Mart Gumtree Inchcape PLC Bristol Street Motors Offline Companies Covered: Mazda Approved Used Cars Pendragon PLC Group Toyota plus Approved Used Cars Sytner Group Lookers Group Marshall Motors Vertu Motors Key Topics Covered in the Report Introduction to the UK Used Car Market UK Used Car Market Size, 2013-2018 UK Used Car Market Segmentation, 2018 Trends and Developments in UK Used Car Market Issues and Challenges in UK Used Car Market Decision Making Process in UK Used Car Market Customer Pain Points in UK Used Car Market UK Used Car Auction Market Online Comparative Landscape in UK Used Car Market Offline Comparative Landscape in UK Used Car Market Government Regulations in UK Used Car Market Business Model in Online Used Car /Market Working Model in the UK Used Car Market OLX Used Car Success Story UK Used Car Market Future Outlook and Projections, 2018-2023 Analyst Recommendation for UK Used Car Market For information click on the below mentioned link: UK Used Car Market Related Reports Malaysia Used Vehicle Market Outlook to 2025 – By Type of Distribution Channel (Organized and Unorganized Dealers), By Mode of Selling (Online and Dealership Walk-Ins), By Type of Vehicle (Sedans, Hatchback, SUVs, MPVs, LCV and others), By Vehicle Age(0-3 years, 3-5 Years, 5-8 Years and More than 8 years), By Brand (Perodua, Toyota, Honda, Proton, Nissan and Others) India Pre Owned Premium Car Market Outlook to 2023 – Growth Propelled by Traction from Digital Platforms, Surge in Certified Dealership, Decline in Average Car Price and Faster Launch of New Models Indonesia Used Car Market Outlook to 2023 – Rising Popularity of Online Platforms and Reduction in Average Ownership Period to Drive Used Car Sales Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 Tags: Auto Trader Online UK, By Car Make UK Used Cars, Government Regulations in UK Used Car Market, Gross Transaction Value of Used Cars in UK, Inspection and MOT Process in UK Used Car Market, Issues and Challenges in UK Used Car Market, Key Purchase Criteria for Buying Used Cars, Lookers Group in UK, Major Offline Dealers in UK Market, Major Used Car Dealers in UK, Offline Used Car Business Model, OLX Success Story Case Study, Online Genesis Used Car Market, Online Used Car Business Model, Pendragon Used Car Market Revenue, Transfer of Ownership in UK, Types of Used Cars in UK, UK Second Hand Cars Industry, UK Used Car Future Outlook and Projections, UK Used Car Industry Research Report, UK Used Car Market, UK Used Car Market Analyst Recommendations, UK Used Car Market Major Players, UK Used Car Market Research Report, UK Used Car Market Revenue, UK Used Car Year of Manufacture, UK Used Cars Market Sales Volume, Used Car Auction Companies in UK, Used Car Competition Scenario in UK, Used Car Market Customer Pain Points, Used Car Market Trends, Used Cars Buying and Selling Process, Used Cars Future Outlook UK, Used Cars Segmentation Kilometer Driven, WLTP and Brexit impact on Used Cars, Working Model of Used Car Dealerships