The Used Car Industry In UK Generated GBP 273 Bn Revenue In 2021 With A Few Players Dominating The Market – 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 Emergence of Multi-brand showrooms, Product Innovation & New Business Models are some of the new trends in the UK Used Car market Social Media Dominance: The UK Used Car Market is almost entirely dependent on social media. Car dealers use blogs to generate traffic to their website from search engine results pages. They often put up educational content related to cars maintenance, help guides, knowledge material in order to create a brand presence which helps them in the long run. Moreover, unlike online portals and market places, social media provides an opportunity to dealers to advertise their cars for free which in turn increases their profit. Social media platforms like Facebook is also used by individuals involved in C2C purchases. Also, major dealerships use this platform to announce promotional offers and local events which increases their popularity among the masses. Mid-age Popularity: According to the analysis, individuals in the age group 30-60 acquired almost 61% of the used car sales volume. The demand is basically fuelled by the consumers not wanting to buy new cars due to several factors, including the cost of licenses, and the decline in the vehicle’s value once they are licensed. It is to be noted that younger generation (18-30) accounted for 34% of the used car sales volume while the older generation (>60) accounted for only 5% of the sales volume. For more information, Request a Free Sample Report Increased demand for organized sector: Organised Channels accounted for 10-30% of the commission margin in 2021 with its presence being in urban & provincial areas. The main reason behind the popularity was Warranty, transfer of Ownership, Financing Options, Insurance, refurbishing Road-side Assistance. Moreover, organized dealerships also provide 3-12 months of warranty with certification. Interest in Conventional Cars: In 2021, Conventional vehicles holds the largest share of ~97% followed by hybrid holding 2.5% and rest by Electric vehicles. However, recently in 2022, transactions for electric cars more than doubled compared with the same quarter last year, up from 6,625 transactions to 14,586 – an increase of 120%. Auto Trader, one of the leading online dealer reported that the average Used EV takes only 26 days to get sold from online portal while it takes 28 days for the average used petrol vehicle in UK to get sold as of 2021. In future, the UK used car market will expect about 30.7% growth in demand for hybrid, plug in-hybrid and pure electric cars. Offline Sales: The sales of Used Car via network of Offline dealers has been considered among the most preferred sales channels in the country during with share of 60% during 2021. Many leading players have wide network of distributors located across the country and further planning to expand their network such as Arnold Clark, Lookers PLC and others. Arnold Clark has over ~193 dealerships in the country as of 2021. Moreover, increasing internet penetration and online trend across UK and worldwide further expected to push the overall sales of the Used Cars upwards in coming years. Analysts at Ken Research in their latest publication, “UK Used Car Market Outlook 2026F- driven by declining production of New Vehicles in UK & affordability of used Cars due to increasing cost of living in the Country.” By Ken Research observed that the UK Used Car Rental Market is in the growing stage. Government initiatives & regulations to drive used cars are some of the factors that will promote the overall growth of the market in the upcoming years. Key Segments Covered in the Report By Type Vendor Organized Unorganized By Type Of Vehicle Conventional Electric Hybrid By Type Of Fuel Petrol Diesel Others By Sales Channel Online Offline Visit A link Request for Custom Report By Type Of Car SUV Crossover Sedan Hatchbacks Pickup Trucks Luxury Key Target Audience Banks and its Subsidiaries NBFCs Captive Finance Companies Government and Institutions Automobile Companies Car Dealers Government and Institutions Existing Car Finance Companies OEM Dealerships New Market Entrants Investors Time Period Captured in the Report: Historical Period: 2017-2021 Base Period: 2021 Forecast Period: 2022-2026F Key Companies Covered Major OEM and Multi-Brand Outlets Arnold Clark Automobiles Limited Pendragon PLC Sytner Group Limited Lookers plc Vertu Motors PLC Inchcape PLC Available Cars Ltd JCT 600 Ltd Group 1 Automotive Several Independent Dealers, Auction Houses Online Auto Classified Portals & Marketplaces Auto Trader Group PLC Motorpoint Group PLC Cazoo Ltd Cinch Cars Limited CarGurus UK Limited Executive Summary How is Used Car Market Positioned in UK Country Overview of Used Car Market UK Country Overview Key Demographic Indicators of UK UK Automotive & Used Car Market Overview UK Automotive Market Overview Passenger Car Landscape in UK Ecosystems of Major Entities in Used Car Market Overview and Genesis of Used Car Market in UK Value Chain Analysis Market Size of Used Car Market in UK, 2016- 2021 Market Segmentation of Used Car Market in UK Market Segmentation By Vendor Type (Organized and Unorganized Vendors), 2021 Market Segmentation By Vehicle Type (Conventional, Electric & Hybrid), 2021 Market Segmentation By Fuel Type (Petrol, Diesel, Others), 2021 Market Segmentation By Sales Channel (Offline and Online), 2021 Market Segmentation By Type of Car (SUVs/Crossovers, Sedan/Hatchback, Pickup Trucks, Others), 2021 Market Segmentation By Brand (Ford, Vauxhall, Volkswagen, BMW, Audi, Mercedes Benz, Toyota, Others), 2021 Market Segmentation By Age of Vehicle (0-2 Years, 2-6 Years, 6-8 Years, 8+ Years), 2021 Market Segmentation By Region (Scotland, North West, Yorkshire & the Humbert, West Midlands, East, London, South East, South West, & Others), 2021 Customer Analysis Market Segmentation By Customer Age (18- 30 Years, 31- 60 Years, 60+ Years), 2021 Market Segmentation By Gender (Male & Female), 2021 Industry Analysis SWOT Analysis of UK Used Car Market Porter’s Five Forces Analysis of Used Car Market Growth Drivers in the UK Used Car Market Issues and Challenges in the UK Used Car Market Trends in the UK Used Car Market Government Rules and Regulations Key Legislations in the Automotive Market in the UK Pricing Analysis Pricing Analysis of UK Used Car Market, 2021 Competitive Analysis Competitive Analysis for Major Offline Players Competitive Analysis of Major Online Players Cross Comparison of Leading Ten Offline Players in UK Used Car Market, 2021 Cross Comparison of Leading Ten Online Players in UK Used Car Market, 2021 Cross Comparison of Major Auction Players in UK Used Car Market, 2021 Company-wise Sales Analysis of Major Offline Players in UK Used Car Market, 2021 Company-wise Sales Analysis of Major Online Players in UK Used Car Market, 2021 COVID-19 Impact Impact of Covid-19 on UK Used Car Market Future Outlook and Projections UK Used Car Market Size future forecast, 2022 – 2026F Future Market Segmentation By Vendor Type, 2026F Future Market Segmentation By Vehicle Type, 2026F Future Market Segmentation By Fuel Type, 2026F Future Market Segmentation By Sale Channel, 2026F Future Market Segmentation By Type of Car, 2026F Future Market Segmentation By Brand, 2026F Future Market Segmentation By Age of Vehicle, 2026F Future Market Segmentation By Region, 2026F GPS Enabled Cars Features of driverless Cars Analyst Recommendations Research Methodology Market Definitions Abbreviations Used Market Sizing Approach Consolidated Research Approach Sample Size Inclusion Research Limitations & Future Conclusion Disclaimer Contact Us For more insights on the market intelligence, refer to the link below:- UK Used Car Market Related Reports by Ken Research:- “India Used Car Market Outlook to 2020 “USA Used Car Market Outlook to 2026 Tags: Adana Used Car Market, Ankara Used Car Market, BMW Used Car Sales in UK, Bursa Used Car Market, car sharing platforms in UK, Challenges in UK Used Car Industry, Challenges in UK Used Car Market, Competitors in UK Used Car market, Fiat UK Used Car Market Share, Growth of Pre-Owned Car Market UK, Istanbul Used Car Market, Isuzu UK Online Used Car Revenue, Leading Players in UK Used Car Industry, Leading Players in Used Car, Local Dealerships Used Car UK, Major Dealers of UK Used Car Market, Major Investors in UK Used Car Market, Major players of Used Car Market UK, Mercedes Online Used Car Share UK, Mid-size Used Car Market in UK, Multi Brands Used Car Platforms in UK, Number Of Used Car Sale By Opel UK, Number of Used Cars Sold In UK, Online 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