In 2021, the used car market in the United Kingdom was worth around 117.69 billion U.S. dollars. This market size is expected to reach close to 226.2 billion U.S. dollars by 2027, with a compound annual growth rate of 11.5 percent between 2022 and 2027. Used vehicles were the main passenger car segment in the country in 2021, representing some 7.53 million sales.

Used convertibles recorded the steepest price inflation in the United Kingdom between October 2021 and October 2022, reaching an average selling price of around ****** British pounds. In contrast, the price of hatchbacks had on average decreased, down to ****** British pounds. This made Hatchbacks not only the only car segment decreasing in prices but also the cheapest body type in the UK as of October 2022..

In October 2022, around ** percent of the nearly new used cars on the market were priced above new cars in the United Kingdom. This share remained stable compared to September 2022, and dropped slightly when compared to October 2021. However, in January 2021, around **** percent of nearly new used vehicles were priced above new car market prices.

The United Kingdom: Vehicle prices, world average = 100: The latest value from 2021 is 119.83 index points, an increase from 105.64 index points in 2017. In comparison, the world average is 108.07 index points, based on data from 165 countries. Historically, the average for the United Kingdom from 2017 to 2021 is 112.74 index points. The minimum value, 105.64 index points, was reached in 2017 while the maximum of 119.83 index points was recorded in 2021.

Motor Vehicle Transmissions Market Size Value in the UK, 2021 Discover more data with ReportLinker!

Based on PRODCOM* estimates, the sales value of bodies for motor cars and other motor vehicles was rising in the United Kingdom between 2010 and 2021. The value reached some 96.6 million British pounds in 2021, which was an increase of almost 576 thousand British pounds compared with the previous year.

Motor Vehicles Parts and Accessories Market Size Value in the UK, 2021 Discover more data with ReportLinker!

UK car parts wholesalers have faced weak car production – vehicle output falling by 13.9% in 2024. This slowdown has reduced orders for original manufacturer parts. However, rising sales of used cars and an ageing vehicle fleet (with the average vehicle age at 9.4 years) have expanded replacement and repair component sales. Spare part prices have soared, demonstrated by car insurance premiums jumping 82% between 2021 and 2024, translating into higher revenue for wholesalers. Moreover, the market shift towards electric vehicles (EVs), with EV registrations up 16.7% in 2024, means wholesalers face lower demand for traditional engine components but gain opportunities supplying EV-specific parts such as batteries, charging equipment and power electronics. Buyer power is fairly high due to strong competition among parts suppliers, while barriers to entry are moderate because of the capital requirements and specialised technical expertise needed in this industry. That’s why revenue is projected to hike at a compound annual rate of 2.8% to £22.4 billion over the five years through 2025-26, with an expected hike of 1.8% in 2025-26. Revenue is forecast to expand at a compound annual rate of 3.6% to £26.7 billion over the five years through 2030-31. The expanding UK car fleet is driving steady growth in the UK car parts market. Total car sales are forecast to rise by 3.3% to above two million units by 2026, raising long-term demand for replacement parts as vehicles age. Used cars will likely remain popular, raising the average vehicle age on UK roads and boosting ongoing demand for servicing and replacement components for older models. EVs will also form a larger portion of the market. The SMMT expects battery-electric cars alone to make up about 28.3% of total sales by 2026, alongside continued growth in hybrid sales. Government support is helping accelerate this shift – with over £2 billion earmarked from 2024 to expand charging infrastructure. This opens new opportunities for wholesalers to supply higher-value EV-specific parts like batteries, cables and charging gear. However, challenges remain as larger retailers increasingly bypass traditional wholesale channels, pushing wholesalers to diversify their product lines to protect profit.

Automotive fuel retailers' revenue is forecast to sink at a compound annual rate of 5.3% to €316.6 billion over the five years through 2024. Retailers have endured a challenging and volatile period, including the shocks to oil prices amid the COVID-19 outbreak and Russia-Ukraine conflict, as well as having to contend with intense competition from supermarkets and growing environmental concerns. Rising numbers of individuals are seeking ultra-low emission vehicles like electric vehicles or are cutting their car usage overall and opting for public transport alternatives. Legislative changes like adopting low-emission zones in European city centres and prospective bans on the sale of new petrol and diesel cars are also driving electric vehicle adoption. Petrol stations are restructuring in the face of soaring competition, boosting investment in new technology and cleaner fuel options. The COVID-19 outbreak led to widespread bans on non-essential travel across Europe, with fuel demand plummeting in 2020. The easing of restrictions supported a strong recovery in fuel sales in 2021. Following its invasion of Ukraine in February 2022, Russia has faced severe sanctions on its oil exports, with supply concerns pushing up the price of oil to sky-high levels, which has trickled down to the price at the pump. Fuel retailers' revenue has significantly benefitted from fuel price inflation, although the extortionate purchase prices threaten profitability. While remaining high, fuel prices are likely to edge downwards in 2024, leading to an expected 3.8% dip in revenue. Petrol and diesel-fuelled cars will lose out to ultra-low emission vehicles over the next decade, with a series of legislation across European countries aimed at disincentivising or banning the sale of new petrol and diesel cars in the coming years. Fuel retailers that can adapt to the changing landscape by investing in electric vehicle charging infrastructure or integrating convenience stores into their stations will fare well. Over the five years through 2029, fuel retailers’ revenue is forecast to grow at a compound annual rate of 2.2% to reach €353.9 billion.

Motor Vehicle Transmissions Market Size Value Per Capita in the UK, 2021 Discover more data with ReportLinker!

Revenue is anticipated to grow at a compound annual rate of 0.4% to £146.6 billion over the five years through 2024-25, inducing a projected revenue growth of 3.6% in 2024-25, when the average profit margin is set to sit at 7.1%. New car registrations inched downwards in 2021-22 due to skyrocketing fuel prices and customers delaying sales. New car sales have been rising since 2022-23, driven by electric sales and plug-in hybrids, despite squeezed household incomes. According to the SMMT, rising sales in 2024-25 are driven by commercial and fleet customers. Stricter environmental laws, like the expansion of the ULEZ zone in London, are leading to higher business sales and elevating revenue. New car registrations are rising in 2024-25, mainly aided by fleet renewals and business customers switching to electric and hybrid vehicles. Sales of alternatively fuelled vehicles like battery, plug-in and hybrid electric vehicles are surging as environmental concerns continue to creep upwards. Electric vehicles have the most growth potential as interest in diesel vehicles plummets. Car makers and dealers are pushing more electric vehicles in preparation for the ban on traditional combustion engine vehicles. Revenue is projected to climb at a compound annual rate of 1.1% to £154.7 billion over the five years through 2029-30 when the average profit margin is set to be 6.8%. As consumer confidence and disposable income inch upwards, new car sales will rise, driving revenue up. Car financing options provide growth opportunities for car dealerships to boost profit. Sales of alternatively fuelled vehicles will gain further momentum, boosting revenue as fuel prices surge and customers take advantage of government investment in charging infrastructure and incentives to boost sales of electric vehicles. Plans to ban new petrol and diesel vehicle sales by 2035 and fines for car manufacturers that miss set targets will also push dealers to focus on AFVs.

In France, used cars have been consistently more popular than new cars over the past decades, reaching a record *********** sales in 2021, before dropping to *** million in 2023. In contrast, new automobile sales have faced consistent fluctuation over the years as well as a slower recovery from the COVID-19 pandemic, as their 2023 sales remained below the 2019 sales volume. The state of the French used car market Private passenger cars were by far the best-selling type of used vehicles in France as of January 1st, 2023, recording over ***** times the used van and truck sales volume that year. Most used cars sold in France had a diesel internal combustion engine (ICE), and ICE vehicles remained overall the most popular, partly due to the emerging nature of the used electric vehicle market. However, cars fitting stricter European emission standards have been entering the market. Used cars on the French market tended to be older, as around **** million used vehicles over 15 years old were sold in 2023, followed by vehicles between two and five years old. The overall average used car age in metropolitan France has been steadily increasing since 2019. Global used vehicle price inflation While the age of used vehicles in France remained high, the yearly Consumer Price Index (CPI) also increased, up to ****** in 2023. Monthly prices were more volatile, reaching a Consumer Price Index of ****** in November 2024. This increase in used vehicle prices is tightly linked with the overall inflation recorded across the world. Used car prices in other markets have also been growing during 2022. In the United States, the used car and truck CPI spiked by *** percent in May 2022 and the U.S. used vehicle average selling price was the highest on record since 2016 in 2022. The United Kingdom faced similar challenges, with its annual second hand car CPI jumping to ***** in 2022, the second-highest it had been since 2008.

Demand for the Car Rental and Leasing industry is driven by consumer and business needs for flexibility and affordability, with leasing appealing due to its cost-effective advantages over purchasing. Strong international tourism has boosted demand for car rental services while businesses have driven demand for car and van leasing. Revenue is expected to climb at a compound annual rate of 3% over the five years through 2024-25 to £22.1 billion, including a 3.1% hike in 2024-25. Recovering demand as economic activity rebounded following the COVID-19 pandemic and higher fees, due to rising new car prices and global supply chain disruptions, have fuelled revenue growth over the two years through 2023-24. The sharp expansion in fuel prices amid the Russia-Ukraine and the Middle East conflicts encouraged companies to hike their prices, further aiding growth. On the other hand, growth has been challenged by rising fuel prices and increasing competition from public transport, especially in urban areas with high levels of infrastructure. Inflationary pressures and faltering business confidence have hindered revenue growth over the two years through 2024-25. Competitive pressures and a weakened economic environment have constrained profitability. Sharp depreciation costs faced by companies due to faltering used electric vehicle (EV) prices have also weighed on profit. The focus of the market is shifting to long, profitable leasing contracts, driving interest from cost-conscious customers. Car rental and leasing revenue is forecast to swell at a compound annual rate of 4.1% over the five years through 2029-30 to £26.9 billion. The continuous development of platforms that support accessibility and experience for customers will drive revenue growth. Continuing a trend seen in the past few years, companies will shift towards buying ultra-low emission and EVs due to rising environmental awareness and consumer preference for eco-friendly vehicles, as well as more concrete steps by the government to incentivise the use of these vehicles. Although fleet investment is likely to weigh on profit, companies offering greener vehicles are likely to remain competitive in the long term. However, challenges loom with the phasing out of EV tax benefits and rising costs from new automotive tariffs and depreciation in used EV values. These factors may drive up rental and leasing rates, potentially deterring demand from some consumers. The potential for the government to extend full expensing to assets bought for leasing or hiring could provide a substantial boost to the industry.

Motor Vehicle Radiators Market Size Value Per Capita in the UK, 2021 Discover more data with ReportLinker!

Instrument Panel Clocks for Vehicles and Aircraft Market Size Value in the UK, 2021 Discover more data with ReportLinker!

The UK automotive engine oil market, while exhibiting a relatively modest Compound Annual Growth Rate (CAGR) of 1.99% between 2019 and 2024, is projected to experience continued expansion through 2033. Several factors contribute to this growth. The increasing number of vehicles on the road, driven by population growth and economic activity, fuels demand for regular oil changes and maintenance. Furthermore, a growing awareness of the importance of using high-quality engine oils for optimal vehicle performance and longevity is driving sales of premium products. Technological advancements in engine oil formulations, such as the development of synthetic oils offering enhanced fuel efficiency and extended drain intervals, also contribute positively. The market segmentation by vehicle type (commercial vehicles, motorcycles, passenger vehicles) and product grade (e.g., conventional, semi-synthetic, fully synthetic) provides opportunities for specialized product offerings tailored to specific vehicle needs. Competitive landscape analysis shows major players like BP (Castrol), ExxonMobil, Shell, and TotalEnergies dominate the market, engaged in continuous innovation and strategic partnerships to maintain their market share. However, the market faces challenges, including fluctuating crude oil prices affecting production costs and increasing environmental regulations that pressure manufacturers to develop more sustainable and eco-friendly products. The UK market's performance is likely to be influenced by broader economic conditions and government policies related to vehicle emissions and fuel efficiency. The growth in electric vehicles (EVs) presents a potential long-term challenge, as EVs require significantly less engine oil than traditional combustion engine vehicles. Nonetheless, the substantial existing fleet of combustion engine vehicles and continuous growth in commercial vehicle usage are expected to sustain the market's growth in the near to mid-term. The market's regional distribution within the UK will likely reflect population density and industrial activity, with higher consumption in urban and industrially developed areas. Future growth will depend on the continued adoption of advanced engine oils, effective marketing strategies by major players, and successful adaptation to the evolving landscape of the automotive industry. Recent developments include: January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.June 2021: TotalEnergies and Stellantis group renewed their partnership for cooperation across different segments. Along with the renewal of partnerships with Peugeot, Citroën, and DS Automobiles, the new collaboration extends to Opel, and Vauxhall as well. This partnership includes the development and innovation of lubricants, first-fill in Stellantis group vehicles, recommendation of Quartz lubricants, and shared usage of charging stations operated by TotalEnergies, among others.April 2021: Texaco Lubricants introduced three new engine oils within the successful Texaco Havoline ProDS range, each with manufacturer approvals. The oils have been designed to provide enhanced wear protection even with a lubricant layer of 2 microns.. Notable trends are: Largest Segment By Vehicle Type : Passenger Vehicles.

Over the five years through 2024-25, the Car Wash and Motor Vehicle detailing industry has recorded and overall contraction, with revenue forecast to contract at a compound annual rate of 5.1% to £1.6 billion. This drop is largely a result of a significant sink in industry revenue during 2020-21, as the COVID-19 (coronavirus) pandemic and the subsequent lockdown measures imposed to combat the virus resulted in a significant decline in motor vehicle usage, damaging demand for car wash services. Industry revenue rebounded during 2021-22 in line with the reopening of the UK economy. However, the recovery halted as significant inflationary pressures and further disruptions to supply chains owing to the cost-of-living crisis, which suppressed disposable incomes and discourages households from washing their car. As the Consumer Prices Index eases, people might find a bit more room in their budgets for things like car washing services. This could lead to an increase in demand within the industry as consumers seek affordable ways to keep their vehicles looking good. Lower costs of supplies may also help businesses maintain profitability during this period. Industry revenue is projected to grow at a compound annual rate of 0.9% to £1.7 billion over the five years through 2029-30. Rising disposable incomes and more vigorous economic conditions would drive growth. The continued increases in the number of registered vehicles and an ongoing fall in the average age of motor vehicles also support industry demand. However, as the shifting consumer preferences towards electric vehicles is happening, this may threaten hand car washes in growing environmental awareness of car owners.

Fuel wholesalers have come up against hugely volatile markets in recent years. The COVID-19 outbreak and subsequent travel restrictions and lockdowns led to a standstill in global transport activity, driving a sharp drop in fuel prices and sales in 2020. Air passenger numbers tanked by 73% in the EU in 2020, according to the European Commission, driving a sharp drop off in demand for jet fuel. OPEC+ manipulates world crude oil prices by adjusting production quotas and collaborating with other producers. OPEC+ worked to cut production in early 2021 to raise prices back to their pre-pandemic level, which gave fuel wholesalers a big boost. Then, Russia’s invasion of Ukraine led to a string of sanctions being placed on Russia by the EU and other Western nations, including the UK. Bans on Russian fuel exports drove prices and wholesalers’ revenue through the roof. For example, according to vehicle insurer RAC, the average price of unleaded in the UK shot up by 23.8% between 2021 and 2022. Over the five years through 2024, fuel wholesalers’ revenue is forecast to fall at a compound annual rate of 3.8% to reach €1.1 trillion, including an expected 5.8% tumble in 2024 as supply cuts push prices up. Rising levels of environmental awareness will encourage fuel wholesalers to stock a growing range of low-carbon fuel options like biofuels and hydrogen (when they become more financially viable) in the future. In many European countries, the push to decarbonise transport is accelerating, with electric vehicles gaining ground on petrol vehicles, having already surpassed the market share of diesel vehicles in terms of new car registrations. The long-term fall in investment in oil and gas will also push up prices. Over the five years through 2029, revenue is anticipated to fall at a compound annual rate of 1.3% to reach €1.2 trillion.

The Right-Hand Drive (RHD) Electric Vehicle (EV) market is experiencing robust growth, driven by increasing environmental concerns, supportive government policies promoting EV adoption, and technological advancements leading to improved battery range and charging infrastructure. The market, estimated at $XX million in 2025, is projected to achieve a Compound Annual Growth Rate (CAGR) exceeding 27% from 2025 to 2033. This significant expansion is fueled by several key factors. Firstly, rising fuel prices and stricter emission regulations are compelling consumers and businesses in RHD markets (predominantly in Asia-Pacific, parts of Africa, and the UK) to transition to EVs. Secondly, automakers are aggressively investing in RHD EV models tailored to specific regional preferences and infrastructure limitations. Thirdly, the development of charging networks, particularly in densely populated urban areas, is easing range anxiety – a major barrier to EV adoption. While initial investment costs for EVs remain a restraint, the long-term cost savings associated with lower running and maintenance expenses are incentivizing purchases. The market segmentation reveals a strong focus on passenger vehicles, although commercial vehicle electrification is gaining momentum. Battery electric vehicles currently dominate the propulsion type segment, but plug-in hybrid electric vehicles are also expected to witness considerable growth, offering a transitional pathway for consumers. Competition among major manufacturers like Volvo, Tata Motors, Hyundai, Nissan, Mahindra & Mahindra, BMW, MG Motor, Audi, Toyota, Honda, and BYD is further stimulating innovation and driving down prices. The regional distribution of the RHD EV market is notably concentrated in the Asia-Pacific region, with countries like Japan, Australia, and those in Southeast Asia contributing significantly. The UK and other RHD European countries also form a substantial market segment. Growth in the Middle East and Africa is projected to be slower, due to challenges related to infrastructure development and economic factors. However, government initiatives aimed at promoting sustainable transportation are expected to gradually unlock this market's potential. The North American and South American regions, while having smaller shares initially, might experience growth as more RHD-specific EV models are launched in these markets. The forecast period will likely witness increased competition, leading to greater product diversification, improved battery technologies, and a wider range of price points to accommodate different consumer segments, thereby accelerating the overall market expansion. This comprehensive report provides an in-depth analysis of the burgeoning Right Hand Drive Electric Vehicle (RHD EV) industry, projecting robust growth from 2025 to 2033. Focusing on key markets and significant players, this study offers invaluable insights for businesses navigating the complexities of this rapidly evolving sector. We analyze the market across key segments including passenger vehicles, commercial vehicles, Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs), using 2025 as the base year and examining the historical period (2019-2024) to inform future projections. The report anticipates a significant increase in RHD EV sales reaching [Insert Projected Sales Figure in Million Units] by 2033. Recent developments include: In January 2022, Toyota announced to launch of its new electric SUV BZX4 in various ASEAN countries such as Thailand and Singapore. The vehicle is expected to launch before the end of 2022., In January 2022, Tata Motor Company announced its plans to mainstream EVs and targets 50,000 annual sales in FY 2023. Further in the next two years company is striving to scale up its production capacity to 125,000 - 150,000 Units annually., In December 2021, BMW Group Asia launched the first-ever BMW iX and new BMW iX3 electric cars in Singapore., In April 2021, Mahindra & Mahindra announced its plans to launch 16 electric vehicles (EVs) by 2027 across SUV and light commercial vehicle categories to strengthen its leadership position in India's electric mobility segment.. Key drivers for this market are: Used Car Financing To Continue Solving Consumer Challenges In Indonesia. Potential restraints include: Trust And Transparency In Used Car Remained A Key Challenge For Consumers. Notable trends are: Growing Demand for Passenger Cars.