Used Car & Light Motor Vehicle Dealers in the UK - Industry Market Research Report

Used Car & Light Motor Vehicle Dealers in the UK - Industry Market Research Report

Used Car & Light Motor Vehicle Dealers in the UK

The industry has come under pressure because of weak consumer confidence and economic uncertainty. In 2020-21, car dealers were severely affected by the COVID-19 pandemic, which led to revenue falling by 20.1%. Revenue is expected to decline at a compound annual rate of 1.3% to £18.1 billion over the five years through 2022-23. This includes estimated revenue growth of 2.1% in 2022-23 as prices of used cars went up because of undersupplying the industry.

Dealers and auctioneers in this industry sell used cars and other light motor vehicles. Vehicles sold include passenger cars, SUVs, jeeps and any other vehicles weighing less than 3.5 tonnes, including ambulances and minibuses. The sale of new vehicles and private-to-private and business-to-business sales are excluded from the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.