UK Used Car Market Research Report to 2023: 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 What is the Current Potential of the UK Used Car Market? UK Used Car Market is at a late growing stage. The UK used car market in terms of GTV has increased at a positive CAGR of ~% during the review period 2013-2018. This growth was supported by increased used car sales in the country. The average ticket price has also increased by a double digit positive growth rate during the period 2013 to 2018. In addition, there has been a surge in the used car market in UK due to an increase in the trade values. The used car market experienced a growth during the period 2013 to 2018 owing to the increase in sales of hybrid, plug-in hybrid and battery electric cars in the UK automotive space. The used car market was stimulated due to strong consumer confidence and rising business profit levels encouraged customers to replace vehicles more often. The used to new car ratio has been found around ~ in 2018. There has been an increasing trend in the car parc, having a CAGR of approximately ~% during the period 2013 to 2018. The increase in the used car sales has positively impacted the car parc in the UK. In 2015, used car market experienced a drop due to soaring prices of the used cars, owing to which the sales declined in the country. This was coupled by the heavy supply and the weakening demand which directly impacted the retail outlets. The decreasing demand for diesel cars impacted the growth of the used cars across the region. The disposable income growth dropped in the year 2015 due to which the consumer spending decreased, thereby, imposing a negative impact on the used car GTV in 2015 and 2017. UK Used Car Market Segmentation By Market Structure (Organized and Unorganized Market): The organized used car sector, which consists of the OEM-certified used cars and the multi brands used car dealerships, constitute a market share of roughly ~ % in terms of used cars sales volume across the region. The organized used car market is dominant in the overall used car space in UK owing to the fact that they offer documentation regarding the stringent inspection process, MOT and transfer of ownership. Organized sector provides high quality duly certified used cars which are carefully inspected and usually cause no discrepancies. They also offer the after sales services due to which the customers are attracted more towards the organized dealerships as compared to the unorganized dealers in the UK. By Type of Cars (MPVs / Sedans, Economy / Hatchbacks and SUVs): Hatchback is the type of car which has captured the biggest portion in the market share. It has almost ~ % market share in the UK used car market in 2018. This is followed by SUV’s and then Sedans owing to higher used car prices of this category. By Kilometers Driven: Old-age vehicles with an average ownership period of 6-8 years or above are exposed towards high wear and tear therefore, increasing their overall vehicle maintenance cost. Pre-owned cars falling in the range of 20,000-80,000 km driven collectively dominated UK used cars market along with volume share of ~% therefore, evaluated at ~ thousand units in the year 2018. By Manufacture Year: Cars manufactured during the period 2009-2018 dominated UK used cars market along with a massive collective volume share of ~ % thus, evaluated around ~ thousand units during 2018. This segment recorded highest sales owing to the fact that potential buyers had a large variety of used car models to choose from. The least market share is being captured by the used cars manufactured before the year 2002. What is the Competition Scenario in the UK Used Car Market? The competition in the UK used car market has been observed to be highly fragmented with a huge number of used car dealerships present in the UK market. The OEM-certified dealers and multi brand dealers make up the organized space in used car market which accounts around ~% of the market share in 2018. The online website is more prevalent in the organized sector for lead generation as compared to the unorganized sectors. Local dealers and the individual sellers’ together form the unorganized space in the overall used car market in UK, which accounts for approximately ~ % market share in the country, 2018. Competition in tier two and tier three cities is comparatively low in comparison to metropolitan cities of the UK. There are many local dealers, small garages and many individual sellers which forms the unorganized space, constituting approximately ~ % in the used car market in UK. Most of the lead generation of the used car is contributed from the offline dealership stores. About ~% of the used car sales are being generated from the offline stores and only ~% lead is generated from the online websites of the used cars. Parameters on the basis of which the used car dealerships compete are number of network chains, marketing initiatives, certification, margins, price, after sales services, lead generation, types of warranty, brand partnerships and number of dealers. 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 More Information on the Research Report, refer to below links: – UK Used Car Market Related Reports by Ken Research 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 Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@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