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The used car market in the UK is forecasted to grow by USD 39.5 billion during 2024-2029, accelerating at a CAGR of 6.2% during the forecast period. The report on the used car market in the UK provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
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.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The used car market in the 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
The report on the used car market in the UK covers the following areas:
- Used Car Market in the UK sizing
- Used Car Market in the UK forecast
- Used Car Market in the UK industry analysis
The report 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 primary and secondary research. 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 accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Channel
9 Market Segmentation by Vehicle Type
10 Market Segmentation by Type
11 Customer Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the used car market in UK: 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..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is improved touchpoint management."
According to the report, one of the major drivers for this market is the excellent value for money proposition of used cars.
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 a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
- TrueCar Inc.
