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Leading Players in Used Car - Ken Research

Analysts at Ken Research in their latest publication, u201cUK Used Car Market Outlook 2026F- driven by declining production of New Vehicles in UK & affordability of used Cars due to increasing cost of living in the Country.u201d

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Leading Players in Used Car - Ken Research

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  1. The Used Car Industry In UK Generated GBP 273 Bn Revenue In 2021 With A Few Players Dominating The Market - Ken Research Emergence of Multi-brand showrooms, Product Innovation & New Business Models are some of the new trends in the UK Used Car market Social Media Dominance: The UK Used Car Market is almost entirely dependent on social media. Car dealers use blogs to generate traffic to their website from search engine results pages. They often put up educational content related to cars maintenance, help guides, knowledge material in order to create a brand presence which helps them in the long run. Moreover, unlike online portals and market places, social media provides an opportunity to dealers to advertise their cars for free which in turn increases their profit. Social media platforms like Facebook is also used by individuals involved in C2C purchases. Also, major dealerships use this platform to announce promotional offers and local events which increases their popularity among the masses. Mid-age Popularity: According to the analysis, individuals in the age group 30-60 acquired almost 61% of the used car sales volume. The demand is basically fuelled by the consumers not wanting to buy new cars due to several factors, including the cost of licenses, and the decline in the vehicle’s value once they are licensed. It is to be noted that younger generation (18-30) accounted for 34% of the used car sales volume while the older generation (>60) accounted for only 5% of the sales volume.

  2. For more information, Request a Free Sample Report Increased demand for organized sector: Organised Channels accounted for 10-30% of the commission margin in 2021 with its presence being in urban & provincial areas. The main reason behind the popularity was Warranty, transfer of Ownership, Financing Options, Insurance, refurbishing Road-side Assistance. Moreover, organized dealerships also provide 3-12 months of warranty with certification. Interest in Conventional Cars: In 2021, Conventional vehicles holds the largest share of ~97% followed by hybrid holding 2.5% and rest by Electric vehicles. However, recently in 2022, transactions for electric cars more than doubled compared with the same quarter last year, up from 6,625 transactions to 14,586 – an increase of 120%. Auto Trader, one of the leading online dealer reported that the average Used EV takes only 26 days to get sold from online portal while it takes 28 days for the average used petrol vehicle in UK to get sold as of 2021. In future, the UK used car market will expect about 30.7% growth in demand for hybrid, plug in-hybrid and pure electric cars. Offline Sales: The sales of Used Car via network of Offline dealers has been considered among the most preferred sales channels in the country during with share of 60% during 2021. Many leading players have wide network of distributors located across the country and further planning to expand their network such as Arnold Clark, Lookers PLC and others. Arnold Clark has over ~193 dealerships in the country as of 2021. Moreover, increasing internet penetration and online trend across UK and worldwide further expected to push the overall sales of the Used Cars upwards in coming years. Analysts at Ken Research in their latest publication, “UK Used Car Market Outlook 2026F- driven by declining production of New Vehicles in UK & affordability of used Cars due to increasing cost of living in the Country.” By Ken Research observed that the UK Used Car Rental Market is in the growing stage. Government initiatives & regulations to drive used cars are some of the factors that will promote the overall growth of the market in the upcoming years. Key Segments Covered in the Report By Type Vendor Organized Unorganized By Type Of Vehicle Conventional Electric Hybrid By Type Of Fuel Petrol

  3. Diesel Others By Sales Channel Online Offline Visit A link Request for Custom Report By Type Of Car SUV Crossover Sedan Hatchbacks Pickup Trucks Luxury Key Target Audience Banks and its Subsidiaries NBFCs Captive Finance Companies Government and Institutions Automobile Companies Car Dealers Government and Institutions Existing Car Finance Companies OEM Dealerships New Market Entrants Investors Time Period Captured in the Report: Historical Period: 2017-2021 Base Period: 2021 Forecast Period: 2022-2026F Key Companies Covered Major OEM and Multi-Brand Outlets Arnold Clark Automobiles Limited Pendragon PLC

  4. Sytner Group Limited Lookers plc Vertu Motors PLC Inchcape PLC Available Cars Ltd JCT 600 Ltd Group 1 Automotive Several Independent Dealers, Auction Houses Online Auto Classified Portals & Marketplaces Auto Trader Group PLC Motorpoint Group PLC Cazoo Ltd Cinch Cars Limited CarGurus UK Limited 1.Executive Summary oHow is Used Car Market Positioned in UK 2.Country Overview of Used Car Market oUK Country Overview oKey Demographic Indicators of UK 3.UK Automotive & Used Car Market Overview oUK Automotive Market Overview oPassenger Car Landscape in UK oEcosystems of Major Entities in Used Car Market oOverview and Genesis of Used Car Market in UK oValue Chain Analysis oMarket Size of Used Car Market in UK, 2016- 2021 4.Market Segmentation of Used Car Market in UK oMarket Segmentation By Vendor Type (Organized and Unorganized Vendors), 2021 oMarket Segmentation By Vehicle Type (Conventional, Electric & Hybrid), 2021 oMarket Segmentation By Fuel Type (Petrol, Diesel, Others), 2021 oMarket Segmentation By Sales Channel (Offline and Online), 2021 oMarket Segmentation By Type of Car (SUVs/Crossovers, Sedan/Hatchback, Pickup Trucks, Others), 2021 oMarket Segmentation By Brand (Ford, Vauxhall, Volkswagen, BMW, Audi, Mercedes Benz, Toyota, Others), 2021 oMarket Segmentation By Age of Vehicle (0-2 Years, 2-6 Years, 6-8 Years, 8+ Years), 2021

  5. oMarket Segmentation By Region (Scotland, North West, Yorkshire & the Humbert, West Midlands, East, London, South East, South West, & Others), 2021 5.Customer Analysis oMarket Segmentation By Customer Age (18- 30 Years, 31- 60 Years, 60+ Years), 2021 oMarket Segmentation By Gender (Male & Female), 2021 6.Industry Analysis oSWOT Analysis of UK Used Car Market oPorter’s Five Forces Analysis of Used Car Market oGrowth Drivers in the UK Used Car Market oIssues and Challenges in the UK Used Car Market oTrends in the UK Used Car Market oGovernment Rules and Regulations oKey Legislations in the Automotive Market in the UK 7.Pricing Analysis oPricing Analysis of UK Used Car Market, 2021 8.Competitive Analysis oCompetitive Analysis for Major Offline Players oCompetitive Analysis of Major Online Players oCross Comparison of Leading Ten Offline Players in UK Used Car Market, 2021 oCross Comparison of Leading Ten Online Players in UK Used Car Market, 2021 oCross Comparison of Major Auction Players in UK Used Car Market, 2021 oCompany-wise Sales Analysis of Major Offline Players in UK Used Car Market, 2021 oCompany-wise Sales Analysis of Major Online Players in UK Used Car Market, 2021 9.COVID-19 Impact oImpact of Covid-19 on UK Used Car Market 10.Future Outlook and Projections oUK Used Car Market Size future forecast, 2022 – 2026F oFuture Market Segmentation By Vendor Type, 2026F oFuture Market Segmentation By Vehicle Type, 2026F oFuture Market Segmentation By Fuel Type, 2026F oFuture Market Segmentation By Sale Channel, 2026F oFuture Market Segmentation By Type of Car, 2026F oFuture Market Segmentation By Brand, 2026F oFuture Market Segmentation By Age of Vehicle, 2026F oFuture Market Segmentation By Region, 2026F oGPS Enabled Cars oFeatures of driverless Cars 11.Analyst Recommendations 12.Research Methodology oMarket Definitions oAbbreviations Used

  6. oMarket Sizing Approach oConsolidated Research Approach oSample Size Inclusion oResearch Limitations & Future Conclusion 13.Disclaimer 14.Contact Us For more insights on the market intelligence, refer to the link below:- UK Used Car Market Related Reports by Ken Research:- “India Used Car Market Outlook to 2020 “USA Used Car Market Outlook to 2026

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