Motorists in the United Kingdom bought some 9.14 million cars in 2024, over 7.2 million of which were used cars. The previous year, the average household expenditure on used cars and vans in the UK was around 20.2 British pounds per week.

Around ******* used vehicles were sold in the United Kingdom in September 2024. This was a year-over-year increase of around five percent compared to September 2023, and a dip compared to August 2024 sales. Used car sales represented some **** million sales in 2023, over three times the volume of new car sales.

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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?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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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

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

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).

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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

Approximately **** million used cars were sold in the United Kingdom in 2022. This represented a decrease of *** percent year-over-year. This drop, brought on by the cost of living crisis in the country, was still above 2020 sales volumes.

Over ** percent of all used car transactions in the United Kingdom in 2021 were petrol cars. Plug-in electric vehicles were at the bottom of the ranking, with just onver ****** battery-electric cars sold in the UK. Overall, the used vehicle market made up the majority of passenger car sales in the UK in 2021.

Analysing Second Hand Car Sales Data with Supervised and Unsupervised Learning Models

The second-hand cars market is a dynamic and very complex sphere which is impacted by different criteria among them - manufacturer, model, engine specification, and fuel consumption, year of production, mileage, and price. In this exercise, we will look through mock data that contains facts on sale of second-or-used cars in UK. The data is made up of 50,000 different records that describe a transaction of a car sale singularly. Through the utilization of supervised learning and unsupervised learning, we plan to perform an analysis of the dataset. This analysis will facilitate car price prediction via a regression model, as well as cluster pattern identification.

Single Numerical Input Feature Regression Models We started our work by using the regression model predicting the car price for each numerical input factor like the mileage, a size of the vehicle etc. This is followed by analyzing the associations over variables such as the car's price and numerical factors like the engine size, the vehicle model year, and mileage. The engine size was found to be the variable having the strongest relation to the auto price, which provided evidence that it is the most powerful driver. While a linear model was appropriate for the year of manufacture, other features that were more complicated like engine size needed a non-linear model in order for their interactions and price fluctuations to be accurately detected.

Multiple Numerical Input Feature Regression Models The analysis was further expanded by incorporating several numeric input parameters while estimating the accuracy of the price predictions. What we reasonably benefited from the usage of extra usages like year of making a car and a number of its kilometers achievement was an improvement of predictive performance in comparison with single-input features models. This holistic approach of studying the many variables that influence car's prices has brought the importance to a limelight of using predictive models by considering many factors simultaneously.

** Regression Model with Categorical Variables** To expand our prediction models, we took categorical variables into account and added attributes of manufacturer and model into the regression. This increased the effectiveness of the algorithm theories more roads less traffic intersections construction of roads should take road traffic distribution between roads as well as traffic intersections into account busier streets less traffic less intersections

** Artificial Neural Network (ANN) Model**

To achieve that, we have implemented the Artificial Neural Network (ANN) model. The ANN showed competitive performance in respect to other supervised learning models which can be attributed to its ability to learn even very complex relationships from the dataset. The architecture and hyper parameters of ANN were thoroughly tweaked for the best results in order to demonstrate its flexibility and effectiveness in dealing with complex datasets.

Model Comparison and Conclusion After comprehensive assessment the Random Forest Regress or model was found to be the most efficient model for forecasting car prices. It’s incorporating both numerical and categorical variables and showing a strong predicting power made it a preferred one. Evaluation metrics and visualizations were given which gave the full picture of the model performance and helped us to arrive at our conclusion that the Random Forests regress or was better.

k-Means Clustering Algorithm Coming to unsupervised learning, we employed the k-Means clustering algorithm to detect clusters in the car sales dataset. Changing input feature variables space in batches, we determined the number of clusters (k) using evaluation metrics by silhouette score. The variables like engine size, year of manufacture and mileage appeared to be critical in getting the most ideal clusters which emphasized their significance in segmenting the data set. Comparison with Other Clustering Algorithms Lastly, we observed the outcomes of the k-Means clustering technique adding the success of the other clustering techniques, for example, DBSCAN, and hierarchical clustering. Evaluation with metrics of rigorous title of the each method worked we assessed the performance to the dataset effective approach in cluster was identified. Just like k-Means achieved promising results, DBSCAN provided us with a base to be further extended by comparing with other algorithms like DBSCAN and emphasizing that several algorithms should be considered for clustering. Conclusion Finally, our extensive discussion on the sales data for used cars has demonstrated favorable results of supervised as well as unsupervised learning techniques towards understanding the information through regression models and so...

Most used car sales in the United Kingdom in 2021 took place in the South East region of England, where just under *** million used passenger cars were sold. This was a year-over-year increase of around *** percent compared to sales in the South East in 2020.

Dataset

This dataset was created by Jack Baird

Released under CC0: Public Domain

Contents

Number of Businesses statistics on the Used Car & Light Motor Vehicle Dealers industry in the UK

The European used car market, valued at approximately €[Estimate based on market size XX and value unit Million – let's assume XX is 200 for example purposes, making it €200 million in 2025] in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.12% from 2025 to 2033. Several factors contribute to this positive outlook. The increasing preference for cost-effective transportation options, coupled with the rising prices of new vehicles, fuels demand in the used car segment. Furthermore, advancements in vehicle technology and extended warranties are enhancing consumer confidence in purchasing pre-owned cars. The market is segmented by vehicle type (hatchback, sedan, SUV, MPV), vendor type (organized and unorganized dealerships), and fuel type (gasoline, diesel, electric, and others), offering diverse choices for buyers. The diverse range of vehicles available caters to varied budgets and preferences, further driving market expansion. Germany, the United Kingdom, and France represent significant regional markets within Europe, contributing substantially to the overall market volume. The growth trajectory, however, is subject to certain challenges. Fluctuations in the overall economy, particularly fuel prices and interest rates, can directly impact consumer purchasing power and consequently, used car sales. Stringent emission regulations and the increasing popularity of electric vehicles could also influence the demand for certain types of used cars, especially those with older combustion engines. The organized sector is expected to witness faster growth compared to its unorganized counterpart due to enhanced customer service, better warranty options, and higher trust. Nevertheless, the European used car market is poised for continued expansion, driven by the factors mentioned above and sustained by a robust demand for affordable and reliable transportation. The continued expansion of online marketplaces and the rise of used car subscription services will also influence the market's future trajectory. Recent developments include: March 2022: Toyota Motors Europe (TME) announced a major new contract with INDICATA Europe to roll out its used car pricing data to 13 countries over the next two months. INDICATA developed a bespoke reporting suite for TME that tracks all the online used Toyota and Lexus adverts from its dealer networks across Europe and presented it into an easy-to-read dashboard for each country., March 2022: Inchcape announced that it pulled out of the Russian market as a result of the ongoing conflict in Ukraine. The company stated that in light of the current circumstances, they concluded that the Group's ownership of its business interests in Russia was no longer tenable., March 2022: TrueCar Inc. launched a new online car-buying marketplace called TrueCar+. TrueCar+ was to provide consumers with a more flexible and personalized car buying experience for new and used vehicles.. Notable trends are: Online Infrastructure witnessing major growth.

In May 2023, nearly half of all used cars sold through online business-to-consumer (B2C) used car market in the United Kingdom were petrol cars, followed by diesel cars at ** percent. Electric cars still comprise a very small percentage of used car sales at a ***** percent sales market share. However, the electric vehicle Tesla Model 3 was the fastest-selling used car under four years old by Market Days' Supply in June 2023.

The UK used car market is booming, with a projected CAGR of 11.70% to 2033. Discover key trends, growth drivers, and challenges shaping this £126.78 million market, including the rise of online platforms and the impact of electric vehicles. Learn more about leading players and future market projections. Recent developments include: August 2023: Cazoo, the British online auto marketplace, released positive financial results for the second quarter and first half of 2023. This comes after the strategic decision to exit European businesses, focusing exclusively on its home turf in the United Kingdom. The move appears to have yielded favorable outcomes, contributing to the upbeat financial performance reported by Cazoo during this period.. Key drivers for this market are: Increased Travel and Tourism to Fuel Market Demand. Potential restraints include: High Maintenance cost of RV Rental Fleets. Notable trends are: The Offline Segment is Expected to Hold Major Share in the Market.

Employment statistics on the Used Car & Light Motor Vehicle Dealers industry in the UK

From Guan's webscrape: https://www.kaggle.com/datasets/guanhaopeng/uk-used-car-market

I've removed the web links cutting the size down. Of interest to me is which sales are private rather than from car garages. Many but not all duplicated listings have also been removed. As have Private Sellers' who offer finance!

The csv is now 3.5MB from original 480MB.

Black cars were the most popular used passenger vehicle in the United Kingdom in 2021, with over *** million transactions recorded. This amounted to around **** percent of the total used car sales in the country that year.