Rising Demand Of Used Cars Among Consumers In UK Used Car Market Is Expected To Generate ~GBP 273 Bn By 2026F: Ken Research UK Used Car Market Ecosystem The UK used car market is consolidated with few major players (both organized and unorganized) operating in the industry. Majority of the used cars are sourced from organized sector with more than half the total share of used cars sold. Direct buying from consumers or individual sellers is another major… Read More »
In 2021, 9.1 Mn cars were sold in UK of which 80% (7.5 Mn) were Used Cars reflecting huge demand for Used Car Market in UK – Ken Research 1. The automotive industry contributes around 4 percent to the country’s GDP making it one of the leading Automobiles Hub of Europe For more information, Request a Free Sample Report More than 150 countries importing UK produced vehicles as of 2021, generating billions of trades. There are 32 Mn registered vehicles in UK, almost half… Read More »
The Used Car Industry In UK Generated GBP 273 Bn Revenue In 2021 With A Few Players Dominating The Market – Ken Research 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… Read More »
