UK Car Purchasing Process Industry Report 2021
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Providing the most comprehensive and up-to-date information and analysis of the UK Car Purchasing market, including the behaviours, preferences and habits of the consumer.
Throughout the 2020 and 2021 COVID-pandemic, both the demand and sales of cars fell. Instructions to stay home restricted travel, and the increased financial uncertainty has caused many to put off buying a new or used car.
Car sales for both individuals and larger companies declined, with volume sales falling by 29% and single purchases by 26.5%. While there was less of a decline in individual car sales than in corporate sales, a slow recovery is predicted for both sectors.
While 2020 sales in both new and used car sales fell by 18.3%, the forecast shows a predicted increase by 11.5% in 2021 and reaching 2019 levels by 2023. During the pandemic, direct sales from manufacturers and third-party online sellers captured 5.4% of the purchases.
One of the more long-term threats to the market is the increasing trend of car sharing and car hire services, with private hire licenses increasing by 45.5% between 2015 and 2020. However, the popularity in AFV’s and smaller car designs could provide opportunities for more product launches and innovations by car sellers.
Read on to discover more details or take a look at all of our UK Automotive market research.
Products: Petrol cars, hybrid cars, plug-in hybrid, pure electric, fuel cell, diesel, Mini, Supermini, Executive, Luxury, Sport, Dual Purpose, MPV, Lower and Upper medium, Luxury Saloon.
Car Dealerships: Sytner Group, Lookers Plc, Pendragon Plc, Arnold Clark Automobiles, Vertu Motors Plc, Inchcape Plc, Marshall Motor Holdings Plc, Jardine Motors Group, Group 1 Automotive UK, TrustFord, Motorpoint Group, Car Shops, Car Giant, Available Car, The Trade Centre Group, Big Motoring World, Carbase, Motor Depot, Fords of Winsford, Saxton 4×4, Cazoo, Bristol Street Motors Ltd., Fetchauto Ltd, Vertu Motors Plc, Carconverters, Ford Dealers, Stoneacre Motor Group, Peter Vardy Ltd, Motorway Online Ltd, Ron Skinner & Sons Car Dealer, Evans Halshaw, Chapel House Motor Co Ltd, Macklin Motors.
Manufacturers: Ford, Volkswagon, BMW, Mercedes-Benz, Audi, Vauxhall, Toyota, Nissan, Kia, Skoda, Land Rover, Peugeot, Hyundai, Volvo, MINI, SEAT, Renault, Citroen, Honda, Jaguar, Mazda, Suzuki, Fiat, Dacia, MG.
Written by Neil Mason, a leading analyst in the Automotive sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
Demand for cars, both new and used, has been in decline following sales peaking in 2016. Dropping to around 10 million units in 2019, the sector was further affected by the COVID-19 pandemic during 2020 with a further fall. Looking ahead, sales will recover although as they do the market is set to see a change in how consumers wish to research and make a purchase.
Neil Mason
Automotive Analyst
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