Used Car Market in Uk 2024-2028

Used Car Market in Uk 2024-2028


Global Used Car Market In UK 2024-2028

The used car market in uk is forecasted to grow by USD 35.7 bn during 2023-2028, accelerating at a CAGR of 5.97% during the forecast period. The report on the used car market in uk provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by excellent value for money proposition of used cars, reducing ownership cycle of cars, and increasing technological innovations in passenger cars.

Technavio's used car market in uk is segmented as below:
  • By Channel
  • Organized
  • Unorganized
  • By Vehicle Type
  • Compact car
  • SUV
  • Mid size
  • By Type
  • Petrol
  • Diesel
  • Others
  • By Geographical Landscape
  • Europe
This study identifies the improved touchpoint management as one of the prime reasons driving the used car market in uk growth during the next few years. Also, vending machine platform for dispensing used cars and increased penetration of websites dedicated to selling used cars will lead to sizable demand in the market.

The report on the used car market in uk covers the following areas:
  • Used car market in uk sizing
  • Used car market in uk forecast
  • Used car market in uk industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading used car market in uk vendors that include Alibaba Group Holding Ltd., Aramis Group, Arnold Clark Automobiles Ltd., Auto Trader Group Plc, Bauer Media Group, Car Giant Ltd., Carcraft.co.uk, CarGurus Inc., CarMax Inc., Cazoo Ltd., Cinch Cars Ltd., Constellation Automotive Group Ltd., Group 1 Automotive Inc., Hertz Global Holdings Inc., Lithia Motors Inc., McCarthy Cars UK Ltd., Motors.co.uk Ltd., Penske Corp., Toyota Motor Corp., and TrueCar Inc.. Also, the used car market in uk analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Channel
Executive Summary - Chart on Market Segmentation by Vehicle Type
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on UK - Market size and forecast 2023-2028 ($ billion)
Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Chart on UK: Year-over-year growth 2023-2028 (%)
Data Table on UK: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Used Car Market in UK 2018 - 2022
Historic Market Size - Data Table on Used Car Market in UK 2018 - 2022 ($ billion)
4.2 Channel segment analysis 2018 - 2022
Historic Market Size - Channel Segment 2018 - 2022 ($ billion)
4.3 Vehicle Type segment analysis 2018 - 2022
Historic Market Size - Vehicle Type Segment 2018 - 2022 ($ billion)
4.4 Type segment analysis 2018 - 2022
Historic Market Size - Type Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Channel
6.1 Market segments
Chart on Channel - Market share 2023-2028 (%)
Data Table on Channel - Market share 2023-2028 (%)
6.2 Comparison by Channel
Chart on Comparison by Channel
Data Table on Comparison by Channel
6.3 Organized - Market size and forecast 2023-2028
Chart on Organized - Market size and forecast 2023-2028 ($ billion)
Data Table on Organized - Market size and forecast 2023-2028 ($ billion)
Chart on Organized - Year-over-year growth 2023-2028 (%)
Data Table on Organized - Year-over-year growth 2023-2028 (%)
6.4 Unorganized - Market size and forecast 2023-2028
Chart on Unorganized - Market size and forecast 2023-2028 ($ billion)
Data Table on Unorganized - Market size and forecast 2023-2028 ($ billion)
Chart on Unorganized - Year-over-year growth 2023-2028 (%)
Data Table on Unorganized - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Channel
Market opportunity by Channel ($ billion)
Data Table on Market opportunity by Channel ($ billion)
7 Market Segmentation by Vehicle Type
7.1 Market segments
Chart on Vehicle Type - Market share 2023-2028 (%)
Data Table on Vehicle Type - Market share 2023-2028 (%)
7.2 Comparison by Vehicle Type
Chart on Comparison by Vehicle Type
Data Table on Comparison by Vehicle Type
7.3 Compact car - Market size and forecast 2023-2028
Chart on Compact car - Market size and forecast 2023-2028 ($ billion)
Data Table on Compact car - Market size and forecast 2023-2028 ($ billion)
Chart on Compact car - Year-over-year growth 2023-2028 (%)
Data Table on Compact car - Year-over-year growth 2023-2028 (%)
7.4 SUV - Market size and forecast 2023-2028
Chart on SUV - Market size and forecast 2023-2028 ($ billion)
Data Table on SUV - Market size and forecast 2023-2028 ($ billion)
Chart on SUV - Year-over-year growth 2023-2028 (%)
Data Table on SUV - Year-over-year growth 2023-2028 (%)
7.5 Mid size - Market size and forecast 2023-2028
Chart on Mid size - Market size and forecast 2023-2028 ($ billion)
Data Table on Mid size - Market size and forecast 2023-2028 ($ billion)
Chart on Mid size - Year-over-year growth 2023-2028 (%)
Data Table on Mid size - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Vehicle Type
Market opportunity by Vehicle Type ($ billion)
Data Table on Market opportunity by Vehicle Type ($ billion)
8 Market Segmentation by Type
8.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
8.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
8.3 Petrol - Market size and forecast 2023-2028
Chart on Petrol - Market size and forecast 2023-2028 ($ billion)
Data Table on Petrol - Market size and forecast 2023-2028 ($ billion)
Chart on Petrol - Year-over-year growth 2023-2028 (%)
Data Table on Petrol - Year-over-year growth 2023-2028 (%)
8.4 Diesel - Market size and forecast 2023-2028
Chart on Diesel - Market size and forecast 2023-2028 ($ billion)
Data Table on Diesel - Market size and forecast 2023-2028 ($ billion)
Chart on Diesel - Year-over-year growth 2023-2028 (%)
Data Table on Diesel - Year-over-year growth 2023-2028 (%)
8.5 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ billion)
Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
8.6 Market opportunity by Type
Market opportunity by Type ($ billion)
Data Table on Market opportunity by Type ($ billion)
9 Customer Landscape
9.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Drivers, Challenges, and Opportunity/Restraints
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints
11 Competitive Landscape
11.1 Overview
11.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
Overview on factors of disruption
11.4 Industry risks
Impact of key risks on business
12 Competitive Analysis
12.1 Companies profiled
Companies covered
12.2 Market positioning of companies
Matrix on companies position and classification
12.3 Alibaba Group Holding Ltd.
Alibaba Group Holding Ltd. - Overview
Alibaba Group Holding Ltd. - Business segments
Alibaba Group Holding Ltd. - Key news
Alibaba Group Holding Ltd. - Key offerings
Alibaba Group Holding Ltd. - Segment focus
12.4 Aramis Group
Aramis Group - Overview
Aramis Group - Product / Service
Aramis Group - Key offerings
12.5 Arnold Clark Automobiles Ltd.
Arnold Clark Automobiles Ltd. - Overview
Arnold Clark Automobiles Ltd. - Product / Service
Arnold Clark Automobiles Ltd. - Key offerings
12.6 Auto Trader Group Plc
Auto Trader Group Plc - Overview
Auto Trader Group Plc - Product / Service
Auto Trader Group Plc - Key offerings
12.7 Car Giant Ltd.
Car Giant Ltd. - Overview
Car Giant Ltd. - Product / Service
Car Giant Ltd. - Key offerings
12.8 Carcraft.co.uk
Carcraft.co.uk - Overview
Carcraft.co.uk - Product / Service
Carcraft.co.uk - Key offerings
12.9 CarMax Inc.
CarMax Inc. - Overview
CarMax Inc. - Business segments
CarMax Inc. - Key offerings
CarMax Inc. - Segment focus
12.10 Cazoo Ltd.
Cazoo Ltd. - Overview
Cazoo Ltd. - Product / Service
Cazoo Ltd. - Key offerings
12.11 Cinch Cars Ltd.
Cinch Cars Ltd. - Overview
Cinch Cars Ltd. - Product / Service
Cinch Cars Ltd. - Key offerings
12.12 Constellation Automotive Group Ltd.
Constellation Automotive Group Ltd. - Overview
Constellation Automotive Group Ltd. - Product / Service
Constellation Automotive Group Ltd. - Key offerings
12.13 Group 1 Automotive Inc.
Group 1 Automotive Inc. - Overview
Group 1 Automotive Inc. - Business segments
Group 1 Automotive Inc. - Key offerings
Group 1 Automotive Inc. - Segment focus
12.14 Lithia Motors Inc.
Lithia Motors Inc. - Overview
Lithia Motors Inc. - Business segments
Lithia Motors Inc. - Key offerings
Lithia Motors Inc. - Segment focus
12.15 McCarthy Cars UK Ltd.
McCarthy Cars UK Ltd. - Overview
McCarthy Cars UK Ltd. - Product / Service
McCarthy Cars UK Ltd. - Key offerings
12.16 Motors.co.uk Ltd.
Motors.co.uk Ltd. - Overview
Motors.co.uk Ltd. - Product / Service
Motors.co.uk Ltd. - Key offerings
12.17 Penske Corp.
Penske Corp. - Overview
Penske Corp. - Product / Service
Penske Corp. - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
13.3 Currency conversion rates for US$
Currency conversion rates for US$
13.4 Research methodology
Research methodology
13.5 Data procurement
Information sources
13.6 Data validation
Data validation
13.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
13.8 Data synthesis
Data synthesis
13.9 360 degree market analysis
360 degree market analysis
13.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Channel
Exhibits5: Executive Summary - Chart on Market Segmentation by Vehicle Type
Exhibits6: Executive Summary - Chart on Market Segmentation by Type
Exhibits7: Executive Summary - Chart on Company Market Positioning
Exhibits8: Parent Market
Exhibits9: Data Table on - Parent Market
Exhibits10: Market characteristics analysis
Exhibits11: Value Chain Analysis
Exhibits12: Offerings of companies included in the market definition
Exhibits13: Market segments
Exhibits14: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits15: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits16: Chart on UK: Year-over-year growth 2023-2028 (%)
Exhibits17: Data Table on UK: Year-over-year growth 2023-2028 (%)
Exhibits18: Historic Market Size - Data Table on Used Car Market in UK 2018 - 2022 ($ billion)
Exhibits19: Historic Market Size - Channel Segment 2018 - 2022 ($ billion)
Exhibits20: Historic Market Size - Vehicle Type Segment 2018 - 2022 ($ billion)
Exhibits21: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
Exhibits22: Five forces analysis - Comparison between 2023 and 2028
Exhibits23: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits24: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits25: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits26: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits27: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits28: Chart on Market condition - Five forces 2023 and 2028
Exhibits29: Chart on Channel - Market share 2023-2028 (%)
Exhibits30: Data Table on Channel - Market share 2023-2028 (%)
Exhibits31: Chart on Comparison by Channel
Exhibits32: Data Table on Comparison by Channel
Exhibits33: Chart on Organized - Market size and forecast 2023-2028 ($ billion)
Exhibits34: Data Table on Organized - Market size and forecast 2023-2028 ($ billion)
Exhibits35: Chart on Organized - Year-over-year growth 2023-2028 (%)
Exhibits36: Data Table on Organized - Year-over-year growth 2023-2028 (%)
Exhibits37: Chart on Unorganized - Market size and forecast 2023-2028 ($ billion)
Exhibits38: Data Table on Unorganized - Market size and forecast 2023-2028 ($ billion)
Exhibits39: Chart on Unorganized - Year-over-year growth 2023-2028 (%)
Exhibits40: Data Table on Unorganized - Year-over-year growth 2023-2028 (%)
Exhibits41: Market opportunity by Channel ($ billion)
Exhibits42: Data Table on Market opportunity by Channel ($ billion)
Exhibits43: Chart on Vehicle Type - Market share 2023-2028 (%)
Exhibits44: Data Table on Vehicle Type - Market share 2023-2028 (%)
Exhibits45: Chart on Comparison by Vehicle Type
Exhibits46: Data Table on Comparison by Vehicle Type
Exhibits47: Chart on Compact car - Market size and forecast 2023-2028 ($ billion)
Exhibits48: Data Table on Compact car - Market size and forecast 2023-2028 ($ billion)
Exhibits49: Chart on Compact car - Year-over-year growth 2023-2028 (%)
Exhibits50: Data Table on Compact car - Year-over-year growth 2023-2028 (%)
Exhibits51: Chart on SUV - Market size and forecast 2023-2028 ($ billion)
Exhibits52: Data Table on SUV - Market size and forecast 2023-2028 ($ billion)
Exhibits53: Chart on SUV - Year-over-year growth 2023-2028 (%)
Exhibits54: Data Table on SUV - Year-over-year growth 2023-2028 (%)
Exhibits55: Chart on Mid size - Market size and forecast 2023-2028 ($ billion)
Exhibits56: Data Table on Mid size - Market size and forecast 2023-2028 ($ billion)
Exhibits57: Chart on Mid size - Year-over-year growth 2023-2028 (%)
Exhibits58: Data Table on Mid size - Year-over-year growth 2023-2028 (%)
Exhibits59: Market opportunity by Vehicle Type ($ billion)
Exhibits60: Data Table on Market opportunity by Vehicle Type ($ billion)
Exhibits61: Chart on Type - Market share 2023-2028 (%)
Exhibits62: Data Table on Type - Market share 2023-2028 (%)
Exhibits63: Chart on Comparison by Type
Exhibits64: Data Table on Comparison by Type
Exhibits65: Chart on Petrol - Market size and forecast 2023-2028 ($ billion)
Exhibits66: Data Table on Petrol - Market size and forecast 2023-2028 ($ billion)
Exhibits67: Chart on Petrol - Year-over-year growth 2023-2028 (%)
Exhibits68: Data Table on Petrol - Year-over-year growth 2023-2028 (%)
Exhibits69: Chart on Diesel - Market size and forecast 2023-2028 ($ billion)
Exhibits70: Data Table on Diesel - Market size and forecast 2023-2028 ($ billion)
Exhibits71: Chart on Diesel - Year-over-year growth 2023-2028 (%)
Exhibits72: Data Table on Diesel - Year-over-year growth 2023-2028 (%)
Exhibits73: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits74: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits75: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits76: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits77: Market opportunity by Type ($ billion)
Exhibits78: Data Table on Market opportunity by Type ($ billion)
Exhibits79: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits80: Impact of drivers and challenges in 2023 and 2028
Exhibits81: Overview on criticality of inputs and factors of differentiation
Exhibits82: Overview on factors of disruption
Exhibits83: Impact of key risks on business
Exhibits84: Companies covered
Exhibits85: Matrix on companies position and classification
Exhibits86: Alibaba Group Holding Ltd. - Overview
Exhibits87: Alibaba Group Holding Ltd. - Business segments
Exhibits88: Alibaba Group Holding Ltd. - Key news
Exhibits89: Alibaba Group Holding Ltd. - Key offerings
Exhibits90: Alibaba Group Holding Ltd. - Segment focus
Exhibits91: Aramis Group - Overview
Exhibits92: Aramis Group - Product / Service
Exhibits93: Aramis Group - Key offerings
Exhibits94: Arnold Clark Automobiles Ltd. - Overview
Exhibits95: Arnold Clark Automobiles Ltd. - Product / Service
Exhibits96: Arnold Clark Automobiles Ltd. - Key offerings
Exhibits97: Auto Trader Group Plc - Overview
Exhibits98: Auto Trader Group Plc - Product / Service
Exhibits99: Auto Trader Group Plc - Key offerings
Exhibits100: Car Giant Ltd. - Overview
Exhibits101: Car Giant Ltd. - Product / Service
Exhibits102: Car Giant Ltd. - Key offerings
Exhibits103: Carcraft.co.uk - Overview
Exhibits104: Carcraft.co.uk - Product / Service
Exhibits105: Carcraft.co.uk - Key offerings
Exhibits106: CarMax Inc. - Overview
Exhibits107: CarMax Inc. - Business segments
Exhibits108: CarMax Inc. - Key offerings
Exhibits109: CarMax Inc. - Segment focus
Exhibits110: Cazoo Ltd. - Overview
Exhibits111: Cazoo Ltd. - Product / Service
Exhibits112: Cazoo Ltd. - Key offerings
Exhibits113: Cinch Cars Ltd. - Overview
Exhibits114: Cinch Cars Ltd. - Product / Service
Exhibits115: Cinch Cars Ltd. - Key offerings
Exhibits116: Constellation Automotive Group Ltd. - Overview
Exhibits117: Constellation Automotive Group Ltd. - Product / Service
Exhibits118: Constellation Automotive Group Ltd. - Key offerings
Exhibits119: Group 1 Automotive Inc. - Overview
Exhibits120: Group 1 Automotive Inc. - Business segments
Exhibits121: Group 1 Automotive Inc. - Key offerings
Exhibits122: Group 1 Automotive Inc. - Segment focus
Exhibits123: Lithia Motors Inc. - Overview
Exhibits124: Lithia Motors Inc. - Business segments
Exhibits125: Lithia Motors Inc. - Key offerings
Exhibits126: Lithia Motors Inc. - Segment focus
Exhibits127: McCarthy Cars UK Ltd. - Overview
Exhibits128: McCarthy Cars UK Ltd. - Product / Service
Exhibits129: McCarthy Cars UK Ltd. - Key offerings
Exhibits130: Motors.co.uk Ltd. - Overview
Exhibits131: Motors.co.uk Ltd. - Product / Service
Exhibits132: Motors.co.uk Ltd. - Key offerings
Exhibits133: Penske Corp. - Overview
Exhibits134: Penske Corp. - Product / Service
Exhibits135: Penske Corp. - Key offerings
Exhibits136: Inclusions checklist
Exhibits137: Exclusions checklist
Exhibits138: Currency conversion rates for US$
Exhibits139: Research methodology
Exhibits140: Information sources
Exhibits141: Data validation
Exhibits142: Validation techniques employed for market sizing
Exhibits143: Data synthesis
Exhibits144: 360 degree market analysis
Exhibits145: List of abbreviations

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