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 »
UK Used Car Market is expected to reach around GBP 200.0 Billion in terms of Gross Transaction Value (GTV) by the year Ending 2023: Ken Research The report focuses on overall market size in terms of Gross Transaction Value (GTV), UK Used Car market segmentation by Market Structure (Organized and Unorganized Market); by Type of Used Cars (MPVs / Sedan, Economy / Hatchbacks and SUVs); by 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 and… Read More »
UK Used Car Market Research Report to 2023: Ken Research 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.… Read More »
UK Used Cars Market is driven by Escalating Finance Providers and Increased Lead Generation through Online Car Portals: Ken Research 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… Read More »
UK Used Car Market Outlook to 2023: Ken Research The report titled “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(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 and Above 120,000 km); By Year of Manufacture (< 2000, 2000-2002, 2003-2005, 2006-2008,… Read More »
