UK Car Purchasing Process Industry 2017 | Growth, Trends and Forecast Report

Market Research Hub (MRH) has recently published a latest market study to its online portal, which is titled as “Car Purchasing Process - UK - April 2017” This study offers professional analysis of the current state of Car Purchasing Process in UK.

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Car sales reached an all-time high in 2016. While this is good news for those involved in this sector, and a reflection of the efforts to stimulate new car sales in recent years, there are many reasons to be concerned about the next few years. Numerous factors appear set to impact on demand resulting in evermore creative approaches being required in order to continue to encourage purchasing.

Table of Content

OVERVIEW
What you need to know
Products covered in this Report

EXECUTIVE SUMMARY

The market
Car purchases surpass 10.5 million units in 2016
Figure 1: UK new and used car sales, by volume, 2011-21
Used car sales dominate the market
Figure 2: New and used car market volumes, 2011-16
Recent popularity of diesel appears to have peaked
Figure 3: Sales of cars, by fuel type, 2011-16
Dealers are growing their share of the overall market…
Figure 4: Change in share of new and used car volumes, by channel, 2013-16
Companies and brands
Mixed fortunes for car manufacturers
Manufacturers and distributors invest in online as a sales channel
Advertising expenditure expands

ISSUES AND INSIGHTS

Have car sales reached a peak?
The facts
The implications
Diesel sales appear to be in reverse
The facts
The implications
Recent investment in online sales may finally signal growth for this channel
The facts
The implications

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THE MARKET – WHAT YOU NEED TO KNOW

Car sales surpass 10 million in 2016
Financial factors are a major factor behind stronger sales
Used car sales dominate the market
The dominance of diesel would appear to be at an end
Dealers dominate new and used car sales
Rising costs and competition from other forms of transport remain a threat

MARKET SIZE AND FORECAST

Car purchases breach 10 million units per year for the first time in 2016
Figure 12: UK new and used car sales, by volume, 2011-21
Figure 13: Best- and worst-case forecasts for UK new and used sales, 2011-21
Forecast methodology
The impact of the EU referendum vote
UK car market is performing better than could have been expected
Figure 14: Alternative market scenarios for the post-Brexit car market, at current prices, 2016-21
Figure 15: Detailed post-Brexit scenarios for UK new and used car sales, at current prices, 2016-21
Wider demand for vehicles is set to soften after a period of expansion

MARKET SEGMENTATION

Used cars continue to remain popular with purchasers
Figure 16: New and used car market volumes, 2011-16
South East accounts for a fifth of new car registrations
Figure 17: New car registrations by region, 2011-15
Private sales of new cars show signs of stagnation
Figure 18: UK new registrations of motor vehicles, 2011-16
Company car purchases dominate but are in decline

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