In 2024, Ford was the second most popular car brand in the United Kingdom after Volkswagen. The Detroit-based company sold some ******* vehicles in the UK and reached a market share of about *** percent that year. Volkswagen held some *** percent of the market. Ford in the United Kingdom Brexit casts its shadow over the auto industry, and hence, the company decided to shut down its plant in Bridgend, adding on to the growing list of automakers in the process of ceasing operations at car production plants in the United Kingdom. That said, the Ford Motor Company will remain present in the United Kingdom, continuing to operate an engine plant in Dagenham. Car sales in the United Kingdom were down ** percent in May 2020, due to closed dealerships and consumer spending uncertainty amid the coronavirus pandemic. By the end of December 2020, UK car sales were down by almost eleven percent compared with 2019.

In 2023, Volkswagen was the leading car brand in the UK. Volkswagen sold around ******* cars, making up roughly *** percent of the UK car market share.

This graph shows the monthly United Kingdom (UK) market share values for Ford between December 2016 and December 2020. Ford held a market share of around 8.6 percent as of December 2020. The company's market share had a range between 7 and 15 percent in the period of consideration, meaning it consistently controlled a high portion of the UK car market. Ford maintained its position as one of the leading car brands in the UK.

The United Kingdom Used Car Market is Segmented by Vendor Type (Organized and Unorganized), Vehicle Age (0-2 Years, 3-5 Years, and More), Fuel Type (Petrol, Diesel, and More), Body Type (Hatchback, Sedan, and More), and Sales Channel (Online, and More), Ownership (First-Owner, and More), Price Band (Less Than USD 7, 000, and More) and Geography. The Market Sizes and Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The UK Electric Vehicle Market is segmented by Vehicle Type (Commercial Vehicles, Passenger Vehicles, Two-Wheelers) and by Fuel Category (). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

Global Market Share by Key Players

UK Automotive Electric Power Steering is segmented market By EPS Type (By Rack assist type (REPS), Colum assist type (CEPS), Pinion assist type (PEPS)), By Application (Passenger Cars, Commercial vehicles), and By Demand Category (OEM, Replacement)

The United Kingdom Car Loan Market Report is Segmented by Loan Provider Type (Non-Captive Banks, Non-Banking Financial Services, Original Equipment Manufacturers Captives, Other Providers), Vehicle Type (New Car, Used Car), Distribution Channel (Dealership Point-Of-Sale, Online Direct Lending, Brokers & Marketplaces), and Geography (United Kingdom Regional Analysis). The Market Forecasts are Provided in Terms of Value (USD).

The monthly United Kingdom (UK) market share values for Mercedes-Benz between January 2017 and December 2020 fluctuated somewhat. The company's market share typically had a range between five and nine percent, meaning it consistently controlled a relatively high portion of the UK car market. In May 2020, the brand accounted for roughly 9.9 percent of the UK market. Mercedes-Benz is known to be one of the most successful car brands in the UK, being named as one of the top ten leading car manufacturers in the UK. Outside the UK, the German automobile brand was valued at roughly 21.35 billion U.S. dollars in 2020.

The UK Automotive Camera Market Report is Segmented by Type (Drive Camera, and Sensing Camera), by Application (ADAS, Parking and Others) and Vehicle Type (Passenger Cars, Commercial Vehicles)

The United Kingdom Car Insurance Market is Segmented by Coverage Type (Third-Party Liability, Collision/Comprehensive, and More), Application (Personal, Commercial), Distribution Channel (Direct-To-Customer, Intermediated, and Embedded), Vehicle Powertrain (Internal-Combustion, Battery Electric, and More), and Region. The Market Forecasts are Provided in Terms of Value (USD).

United Kingdom Luxury Car market was valued at USD 97.19 billion in 2024 and is anticipated to grow USD 142.86 billion by 2030 with a CAGR of 6.68%.

The United Kingdom car subscription market size is projected to grow from projected USD 0.76 billion in 2025 to reach about USD 5.04 billion by 2033, growing at a CAGR of 29.5% during the forecast period (2025–2033).
Report Scope:

The UK Automotive Carbon Fiber Composites Market report segments the industry into Application Type (Structural Assembly, Powertrain Component, Interior, Exterior, Others), Production Type (Hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, Injection Molding, Compression Molding), and Vehicle Type (Passenger Cars, Commercial Vehices). Get five years of historical data alongside five-year market forecasts.

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UK Used Car Market Size 2025-2029

The uk used car market size is forecast to increase by USD 39.5 billion, at a CAGR of 6.2% between 2024 and 2029.

The Used Car Market in the UK is driven by the excellent value for money proposition that pre-owned vehicles offer, making them an attractive alternative to new cars for many consumers. Another significant trend shaping the market is the increasing preference for car subscription services, which provide flexibility and convenience for customers. However, the market also faces challenges, including the growing importance of digital touchpoints in the car buying process and the need for dealers to adapt and improve their online presence. Additionally, the rise of car subscription services poses a threat to traditional dealership models, requiring dealers to explore new business models and revenue streams to remain competitive. Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on enhancing their digital presence, offering flexible and convenient purchasing options, and exploring partnerships with car subscription services.

What will be the size of the UK Used Car Market during the forecast period?

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The used car market in the UK is influenced by various factors, including the exterior and interior condition of the vehicles, financial history, economic trends, and consumer demand. Financially sound buyers prefer cars with well-maintained exteriors and interiors, ensuring lower car ownership costs in the long run. Economic trends, such as inflation and interest rates, impact car financing options and vehicle affordability. Maintaining a vehicle's fuel consumption within acceptable limits and adhering to the vehicle maintenance schedule is crucial for reliable performance and resale value. Financial institutions consider a vehicle's title, accident history, and service records when assessing car financing options. Emerging technologies, such as electric vehicles and autonomous driving, are transforming the industry, while insurance coverage, safety ratings, and vehicle age & mileage remain essential factors in consumer decision-making. Previous owners, engine size & type, transmission options, and vehicle features & equipment also influence consumer preferences. Car repair costs, loan terms, car financing options, and industry innovations contribute to market volatility. Registration documents, vehicle history records, and insurance coverage are essential for transparency and trust. Understanding the impact of these factors on car ownership costs is crucial for businesses operating in the UK used car market.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ChannelOrganizedUnorganizedVehicle TypeCompact carSUVMid sizeSales ChannelDealershipsOnline PlatformsPrivate SalesFuel TypePetrolDieselHybridElectricGeographyEuropeUK

By Channel Insights

The organized segment is estimated to witness significant growth during the forecast period.

The used car market in the UK is characterized by various entities that influence its dynamics and trends. Depreciation and car insurance premiums are significant factors that impact the affordability of used cars. Safety features, a priority for consumers, are increasingly being incorporated into used vehicles through refinishing and upgrades. Car rental companies offer flexible mobility solutions, while automotive technology advances drive the adoption of vehicle diagnostics and digital car retailing. Used car dealerships and online marketplaces facilitate transactions with vehicle inspections, mileage verification, and consumer reviews. Sustainable transportation initiatives and online payment systems are shaping the market, as are car leasing agreements, price elasticity, and inflation rates. Fuel efficiency, car finance options, and driving assistance systems are key considerations for buyers. Government incentives and emissions standards influence consumer spending patterns, with a growing interest in alternative fuel vehicles and hybrid car technology. Fleet management services and car maintenance costs are essential services for businesses and individuals alike. Industry regulations and consumer protection laws ensure transparency and trust in the market. Used car warranty, customer satisfaction ratings, and brand reputation are crucial factors for buyers. The market share dynamics of organized companies, including dealership chains, online marketplaces, and OEM-affiliated dealerships, are shaped by their ability to provide guarantees, technical expertise, and

The monthly United Kingdom (UK) market share for Toyota between January 2015 and December 2020 fluctuated substantially. Brand market share in the UK was disrupted in 2018 in the face of new diesel emission regulations and again in 2020 during the Covid-19 pandemic. Temporary changes in market share in such times affect all vehicle marques but in different ways. The highest market share for Toyota was recorded in June 2020, at around eight percent. This is likely due to a rebound effect from Toyota's low market share in April and May. In April 2020, the brand sold around 20 new vehicles in the UK. Overall, figures for the first nine months of 2020 had not fallen as poorly as competitors. By the end of December 2020, Toyota's market share had grown compared to 2020.

The UK passenger car market expanded slightly to $54.3B in 2024, picking up by 2.5% against the previous year. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Passenger car consumption peaked in 2024 and is likely to see gradual growth in the near future.

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Used Car Market Size 2025-2029

The used car market size is valued to increase by USD 885.3 billion, at a CAGR of 7.4% from 2024 to 2029. Increasing number of new models of cars launched due to high competition will drive the used car market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 41% growth during the forecast period.
By Vehicle Type - Compact segment was valued at USD 856.10 billion in 2023
By Channel - Organized segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 67.95 billion
Market Future Opportunities: USD 885.30 billion
CAGR from 2024 to 2029 : 7.4%

Market Summary

The market, a significant and dynamic sector of the global automotive industry, experienced a record-breaking year in 2021. According to the International Organization of Motor Vehicle Manufacturers, approximately 35 million used cars were sold worldwide, marking a 5% increase compared to the previous year. This growth can be attributed to several key drivers. First, the increasing number of new models launching due to heightened competition has led to a larger supply of used cars. Moreover, the growing demand for car subscription services and car-sharing platforms has created new opportunities for consumers to access affordable, flexible transportation solutions. The market's evolution has been shaped by various trends and challenges.
Technological advancements, such as the integration of electric and autonomous vehicle technologies, have transformed the market landscape. Additionally, changing consumer preferences, including a focus on sustainability and cost savings, have influenced market dynamics. Looking ahead, the market is expected to continue its growth trajectory. As the global population becomes increasingly urbanized and transportation needs become more diverse, the demand for used cars is likely to increase. Furthermore, the ongoing digitalization of the automotive industry will create new opportunities for innovation and disruption. In conclusion, the market is a vital and evolving sector that offers significant opportunities for businesses.
Its growth is driven by factors such as increased competition, the rise of car subscription services, and changing consumer preferences. As the market continues to adapt to technological advancements and shifting trends, it will remain a dynamic and exciting space for innovation and growth.

What will be the Size of the Used Car Market during the forecast period?

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How is the Used Car Market Segmented ?

The used car industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Vehicle Type

  Compact
  SUV
  Mid size


Channel

  Organized
  Unorganized


Fuel Type

  Diesel
  Petrol


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Vehicle Type Insights

The compact segment is estimated to witness significant growth during the forecast period.

The market continues to evolve, with the compact segment experiencing significant growth in APAC and Europe. This class of vehicles, positioned between subcompact and mid-size cars, gains popularity due to increasing consumer demand for personal mobility and more efficient, eco-friendly options. In densely populated regions, compact cars offer easier handling and lower emissions, contributing to a 50% market share in some regions. Popular pre-owned models like the Fiat Panda and Volkswagen Golf in Europe undergo rigorous pre-sale inspections, including body damage assessment, suspension component inspection, and mileage verification methods. Refurbishment techniques, such as automotive diagnostic tools and mechanical inspection procedures, ensure optimal engine performance and safety.

Consumer review aggregation and title verification services provide transparency, while repair cost estimation and parts replacement costs inform potential buyers. Fuel efficiency ratings, detailing services, and pre-purchase inspection checklists further enhance the buying experience. Online vehicle marketplaces employ pricing algorithms, vehicle financing options, and auction platform data to facilitate sales. Electrical system testing, maintenance record analysis, and emissions testing standards ensure transparency and safety. Safety recall checks, brake system evaluation, and fluid level checks complete the comprehensive assessment process.

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The Compact segment was valued at USD 856.10 billion in 2019 and showed a gradual increase dur

USD 60.84 Billion in 2024; projected USD 110.25 Billion by 2033; CAGR 6.83%.