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

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

Used Car & Light Motor Vehicle Dealers Market Research Report | SIC G45.112 | Oct 2016

Driving ahead: Poor economic conditions should increase demand and encourage growth

IBISWorld’s Used Car & Light Motor Vehicle Dealers market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Arnold Clark Automobiles Arnold Clark Automobiles market share
Lookers plc Lookers plc market share
Pendragon plc Pendragon plc market share
Penske Automotive Group Penske Automotive Group market share
Industry Statistics & Market Size
Revenue
£16bn
Annual Growth 12-17
5.6%
Annual Growth 17-22
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Profit
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Employment
42,315
Businesses
12,634
Industry Analysis & Industry Trends

Alongside other automotive industries, used car dealers have benefited from a period of recovery in recent years. Although revenue struggled over the four years through 2011-12, this final year marked a turning point for operators, as economic conditions started to improve and consumers that had previously delayed vehicle purchases returned to the market. As disposable incomes and business profit levels have risen, customers have chosen to replace vehicles more often, stimulating higher sales of used cars. Overall, industry revenue is expected to grow at a compound annual rate of 5.6% over the five years through 2016-17 to reach £16.3 billion, including forecast growth of 3.4% in the current year.

Despite recent growth, the industry has encountered several challenges... purchase to read more

Industry Report - Industry Analysis Chapter

The Used Car and Light Motor Vehicle Dealers industry has bounced back strongly in recent years. Prior to the start of the period, dismal consumer confidence levels and rising unemployment meant that many consumers could not afford to purchase even a used car and industry revenue therefore declined significantly. However, demand rebounded over the following years as economic conditions began to pick up, encouraging consumers who had previously postponed buying a car to return to the market. Overall, industry revenue is expected to grow at a compound annual rate of 5.6% over the five years through 2016-17 to total £16.3 billion. As a result, retailers are continuing to expand and develop their operations as sales rise, primarily through online shopping platforms.

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Industry ProductsRelated ReportsTable of Contents

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

Dealers and auctioneers in this industry sell used cars and other light motor vehicles. Vehicles sold include passenger cars, SUVs, jeeps and any other vehicles weighing less than 3.5 tonnes, including ambulances and minibuses. The sale of new vehicles and private-to-private and business-to-business sales are excluded from the industry.

Industry Products
Four-wheel drives Mini and supermini carsLower medium carsUpper medium carsLuxury and sports carsMultipurpose vehiclesLight commercial vehiclesOther vehicles
 
Industry Activities
Selling used carsSelling used light motor vehicles


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