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New Car & Light Motor Vehicle Dealers in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

New Car & Light Motor Vehicle Dealers Market Research Report | SIC G45.111 | Feb 2017

Switching gears: Revenue is expected to decline as consumer and business confidence fall

The New Car & Light Motor Vehicle Dealers market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Volkswagen Group United Kingdom Ltd Volkswagen Group United Kingdom Ltd market share
Industry Statistics & Market Size
Revenue
£119bn
Annual Growth 12-17
6.0%
Annual Growth 17-22
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Profit
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Employment
110,248
Businesses
7,760
Industry Analysis & Industry Trends

The New Car and Light Motor Vehicle Dealers industry has grown strongly in recent years. Rising incomes and low fuel prices have encouraged motorists to drive more, with new car registrations reaching record levels. Cheap finance deals, the wider availability of new technologies in new cars and the improved fuel economy offered by new models have all contributed to the industry's strong performance. However, falling consumer confidence and business capital expenditure caused by the UK's decision to leave the European Union are expected to constrain growth in the current year. In addition, car prices could rise as dealers account for rising import purchase costs caused by the depreciation of the pound. Industry revenue is expected to grow by 2.3% in 2016-17 to reach £118.6 billion... purchase to read more

Industry Report - Industry Analysis Chapter

Industry dealers have benefited from buoyant demand in a recovering economic environment in recent years. New car and light motor vehicle registrations have steadily increased, reaching record levels. Dealers have benefited from improving consumer confidence, increasing demand for more technologically advanced cars and the availability of attractive credit deals. Over the five years through 2016-17, industry revenue is expected to grow at a compound annual rate of 6% to reach £118.6 billion. Growth has been particularly impressive in the past three years, supported by the boom in motor vehicle manufacturing and low interest rates. In 2014-15, revenue rose by 11% as new car prices grew solidly. How.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the New Car & Light Motor Vehicle Dealers Industry?

Companies in this industry sell new cars and other light motor vehicles to consumers. Wholesalers that sell directly to fleet markets are included in the industry. The vehicles sold include passenger cars, SUVs, specialised vehicles such as ambulances and any other vehicles weighing less than 3.5 tonnes. The sale of used vehicles is not included in the industry.

Industry Products
HatchbacksSaloonsEstatesSports carsFour-wheel drives and SUVsOther light motor vehicles
 
Industry Activities
Selling new carsSelling new light commercial vehicles


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