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, 2009-2012 and 2013-2018); and By Car Make (Toyota, Ford, Nissan, Volkswagen, Vauxhall, BMW, Honda, Kia, Lexus, Renault and Others)
Region:Europe
Author(s):Pritha Koley
Product Code:KR895
October 2019
152
About the Report
UK Used Cars Market Overview and Size
UK Used Car Market Segmentation
By Type of Used Car (MPVs / Sedan, Economy / Hatchbacks and SUVs): Hatchbacks have the highest market share followed by SUV’s and Sedans in the year 2018. This is due to low priced hatchbacks which have created a positive impact on the sales of used cars in the country. Owing to this fact, the Hatchbacks will continue to dominate the market in the future.
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 Above 120,000 km): Pre-owned cars falling in the range of 20,000-80,000 km driven dominated UK used cars market in terms of sales volume in the year 2018. Further, used cars falling in the range of 80,000-120,000 km and above have grabbed the second highest market share and others.
By Year of Manufacture (< 2000, 2000-2002, 2003-2005, 2006-2008, 2009-2012 and 2013-2018): The used cars manufactured in the years from 2013 to 2018 have recorded the highest market share in the UK used cars space in 2018. This segment recorded highest sales owing to the fact that potential buyers had a large variety of used car models to choose from. This was followed by the cars manufactured between 2009 to 2012.
By Car Make (Toyota, Ford, Nissan, Volkswagen, Vauxhall, BMW, Honda, Kia, Lexus, Renault and Others): The most preferred used car brands in UK were observed to be Toyota, Ford, Nissan, Volkswagen and other brands, owing to the fact that the market share of the new car sales of the these brands are high due to which customers have established a trust factor with these brands. Moreover, these brands have a huge networking across the country to make sure that they are at a reachable distance from the customers.
Comparative Landscape of UK Used Car Market
UK Used Car Market Future Outlook and Projections
Key Topics Covered in the Report
- Introduction to the UK Used Car Market
- UK Used Car Market Size, 2013-2018
- UK Used Car Market Segmentation, 2018
- Trends and Developments in UK Used Car Market
- Issues and Challenges in UK Used Car Market
- Decision Making Process in UK Used Car Market
- Customer Pain Points in UK Used Car Market
- UK Used Car Auction Market
- Online Comparative Landscape in UK Used Car Market
- Offline Comparative Landscape in UK Used Car Market
- Government Regulations in UK Used Car Market
- Business Model in Online Used Car /Market
- Working Model in the UK Used Car Market
- OLX Used Car Success Story
- UK Used Car Market Future Outlook and Projections, 2018-2023
- Analyst Recommendation for UK Used Car Market
Products
Key Target Audience
- Offline Dealers
- Online Portal
- Organized Multi Brands Dealers
- OEM Certified Dealerships
- Online Portal
- Private Equity and Venture Capitalist
- Industry Associations
- OEM Manufacturers
- Automotive Manufacturers
- Car Auction Companies
Time Period Captured in the Report:
- Historical Period - 2013-2018
- Forecast Period - 2018-2023
Companies
Key Segments Covered
Market Structure
Organized Sector
- By Sales Channel (Multi-Brand Dealers and OEM-certified Dealers)
- By Lead Generation (Dealerships Walk-ins and Online Car Portals)
Unorganized Sector
- By Sales Channel (C2C and Local Dealerships)
- By Lead Generation (Dealerships Walk-ins and Online Car Portals)
Type of Used Cars
- MPVs / Sedans
- Economy / Hatchbacks
- 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
- Above 120,000 km
Year of Manufacture
- < 2000,
- 2000-2002
- 2003-2005
- 2006-2008
- 2009-2012
- 2013-2018
Online Companies Covered:
- Carsnip
- Autovillage.co.uk
- Auto Trader Group PLC
- Motors.co.uk
- Desperate Sellers
- Exchange and Mart
- Gumtree
- Inchcape PLC
- Bristol Street Motors
Offline Companies Covered:
- Mazda Approved Used Cars
- Pendragon PLC Group
- Toyota Plus Approved Used Cars
- Sytner Group
- Lookers Group
- Marshall Motors
- Vertu Motors
Table of Contents
1. Executive Summary
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Market Sizing Approach: Gross Transaction Value for Used Cars
Variables Dependent and Independent
Multifactor based Sensitivity Model
Regression Matrix
Limitations
Final Conclusion
3. Market Introduction
3.1. Market Overview (Current Market Stage, Competition Structure and Future Outlook and
Emerging Market Trends and Timeline of Major Offline Auto Classified Portals)
4. Business Model Prevalent in UK Offline Used Cars Market
4.1. Offline Used Car Dealership Business Model (Revenue Streams and Industry Life Cycle)
4.2. Working Model of the UK Used Car Dealerships
Transfer of Ownership
5. Market Size on the Basis of Gross Transaction Value and Sales Volume, 2013-2018
6. UK Used Car Market Segmentation, 2018
6.1. Market Structure (Organized and Unorganized), 2018
6.1.1. Organized OEM-Certified Lead Generation Source & Multi-Brand Lead Generation Source (Dealer Walk-ins and Online Car Portal), 2018
6.1.2. Unorganized Sales Channels (Local Dealership and C2C) and Lead Generation by Local Dealers (Dealership Walk-ins and Online Car Portal), 2018
6.2. Type of Used Car (MPVs / Sedans, Economy / Hatchbacks and SUVs), 2018
6.3. 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), 2018
6.4. Year of Manufacture (< 2000, 2000-2002, 2003-2005, 2006-2008, 2009-2012 and 2013-2018), 2018
6.5. Car Make (Ford, Vauxhall, Volkswagen, BMW, Renault, Toyota, and others), 2018
7. Snapshot on UK Used Car Auction Market Including Company Profile of Major Auction Companies (BCA, Manheim and Copart)
Manufacturer auctions
Fleet auctions
Dealer auctions
8. Customer Profile
8.1. Age (18-29 Years, 30-59 Years and Above 60 Years), 2018
8.2. Gender (Men and Women), 2018
8.3. By Income Group (Low, Middle and High Income Consumers), 2018
9. Decision Making Process for Buying and Selling Used Cars
9.1. Key Purchase Criteria for Buying a Used Car and Relative Weightage of these Criteria
(Purpose of Purchase for Model Selection, Channel of Purchase, Car Inspection [Mechanical and
Paper Work Check] and Price and Negotiation)
9.2. Key Sales Criteria for Selling a Used Car (Influence on Pricing Structure)
10. Customer Pain Points in UK Used Car Market (Overview and Customer Pain Points)
11. Trends & Developments and Issues and Challenges
Increasing Number of Online Used Car Listings
Regional Disparity in Car Listings and Sales
Emergence of Multi-Brand Showrooms
Brand Conscious Buyers
Surge In New To Used Car Ratio
Increasing Car Finance Providers
Lack of Inspection / Quality Certification of Used Cars
Asymmetric Information
12. Snapshot on UK Online Used Car Market (Including Overview, Genesis, Trends & Developments, Growth Drivers, Future and Competition scenario)
12.1. Online Used Car Market Business Model (By Subscription of the Adverts and Lead Generation)
12.2. Company Profile of Major Online Dealerships in UK (Company Overview, USP, Strategy, Business Model, Key Statistics, KPI, Employee Size, Advert Subscription Fee, Revenue Stream, Services and Recent Developments)
12.2.1. Carsnip
12.2.2. Autovillage.co.uk
12.2.3. Auto Trader Group PLC
12.2.4. Motors.co.uk
12.2.5. Desperate Seller
12.2.6. Exchange and Mart
12.2.7. Gumtree
12.2.8. Inchcape PLC
12.2.9. Bristol Street Motors
13. Regulatory Framework (Emission Norms, Scrappage Policies, Choice between Diesel or Petrol, Trade Associations, Key Legislations)
13.1. Import of Automobiles
13.2. Japan Used Car Import Duty / Regulation in UK
14. Competition Scenario in UK Offline Used Cars Market (Competition Stage, Major Companies, Competition Parameters and Cross Comparison between Organized Used Car Dealers in UK)
14.1. Company Profile of Major Offline Dealerships (Company Overview, Business Strategies, Statistics, Certification Process, KPI, Employee Size, Recent Developments and Regional Presence)
14.1.1. Mazda Approved Used Cars
14.1.2. Pendragon PLC Group
14.1.3. Toyota Plus Approved Used Cars
14.1.4. Sytner Group
14.1.5. Lookers Group
14.1.6. Marshall Motors
14.1.7. Vertu Motors PLC
14.1.8. Other Players (Arnold Clark, Vauxhall Motors, Trust Ford, Jardine Motors Group,
Approved Used Audi, Pentagon Motors Group, H. R. Owens, Imperial Cars, Motorpoint Group,
Brayleys, Inchcape, Porsche Retail Group, Wessex Garages, Available Car, Sinclair Group, Ford
Used Car Center and Romans International) including Top 100 Franchised Dealers in UK based on
Turnover, 2018
15. Case Study of OLX (Including Overview, Genesis, Key Statistics, Success Story of OLX, Marketing Strategy, Funding Source, Future of Online Classified, OLX-Cash My Car, Conclusion)
16. Future Outlook and Projections, 2019-2023
16.1. By Gross Transaction Value and Sales Volume, 2019-2023
16.1. By Market Structure (Unorganized Sector and Organized Sector), 2023
16.1.1. By Organized Sales Channels (Multi-Brand Showrooms and OEM Certified Cars) and Unorganized Sales Channels (Local Dealership and C2C) and, 2023
16.1.2. By Organized Lead Generation Source and Unorganized Lead Generation Source (Dealer Walk-ins and Online Car Portal), 2023E
17. Analyst Recommendations
Disclaimer
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