Online Car Dealers & Automotive Goods Retailers in the UK - Industry Market Research Report

Hitting the gas: Used car values surge, raising revenue and widening profit

The Online Car Dealers and Automotive Goods Retailers industry revenue is expected to expand at a compound annual rate of 3% to £3.3 billion over the five years through 2022-23, including forecast growth of 5.5% in 2022-23. Car and car parts retailers have benefitted from people increasingly shopping online. More used cars are purchased online, though many customers still prefer to visit dealerships for new cars. Cazoo Ltd's market share has expanded significantly because of higher marketing expenditure - and is now the leading online car retailer in the UK. This industry retails cars and automotive goods to consumers and businesses via the internet. Retailers also provide services to aid in the purchase of automobiles. Automobiles include passenger cars, vans and sports utility vehicles (SUVs). Some players offer their customers trade-in, car financing and car-selling services. This industry does not include classified websites that feature reviews, guides, photos and advertisements of new and used vehicles for sale. 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.