Tuesday, 02 January 2024 12:17 GMT

United Kingdom Used Car Market To Reach USD 186.10 Billion By 2030, Driven By Online Sales And Nearly New Vehicle Demand Mordor Intelligence


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"United Kingdom Used Car Market"Mordor Intelligence has published a new report on United Kingdom Used Car Market offering a comprehensive analysis of trends, growth drivers, and future projections.

Introduction

The United Kingdom Used Car Market is valued at USD 103.89 billion in 2025 and is set to reach USD 186.10 billion by 2030, advancing at an 12.15% CAGR. This represents a compound annual growth rate (CAGR) of 12.15% during the forecast period. The growth is largely supported by the increasing adoption of online sales platforms, the popularity of nearly new vehicles, and the impact of regulatory measures such as clean-air policies. As buyers continue to seek cost-effective mobility solutions, the market for pre-owned vehicles has become a critical segment of the automotive industry.

Consumer preference is gradually shifting toward certified pre-owned (CPO) vehicles offered by original equipment manufacturers (OEMs), which provide assurances of quality and reliability. Simultaneously, digital retail models are transforming the purchasing experience, enabling buyers to access a wider inventory nationwide while reducing search costs. These factors collectively contribute to the sustained expansion of the United Kingdom used car market.

Key Market Trends

  • Digitalization & Online Sales: E-commerce and digital platforms allow buyers to browse, compare, and purchase vehicles online, while data-driven online-first dealers optimize inventory and reach.

  • Rising Demand for Nearly New Cars: Vehicles aged 0–2 years are increasingly popular due to modern features, lower depreciation, and warranties, boosting certified pre-owned programs.

  • Regulations & Insurance Influence: Clean-air policies and emission standards affect resale values, while telematics and subscription models shorten replacement cycles, increasing used car availability.

  • Shift in Vehicle Preferences: SUVs are steadily growing in popularity, and BEVs are set for rapid growth, supported by government incentives and expanding charging infrastructure.

Market Segmentation

By Vendor Type

  • Organized

  • Unorganized

By Vehicle Age

  • 0 - 2 Years

  • 3 - 5 Years

  • 6 - 8 Years

  • More than 8 Years

By Fuel Type

  • Petrol

  • Diesel

  • Hybrid

  • Battery Electric

  • Plug-in Hybrid

  • Other Alt-Fuels (CNG/LPG)

By Body Type

  • Hatchback

  • Sedan

  • Sport Utility Vehicle (SUV)

  • Multi-Purpose Vehicle (MPV)

By Sales Channel

  • Online

  • Offline - Franchised Dealers

  • Offline - Independent Dealers

  • Private-to-Private

By Ownership Type

  • First-Owner

  • Second-Owner

  • Third-or-More Owners

By Price Band

  • Less than USD 7,000

  • USD 7,001 - USD 15,000

  • USD 15,000 - USD 30,000

  • More than 30,000

By Region

  • England

  • Scotland

  • Wales

  • Northern Ireland

Key Players

  • Auto trader Group plc

  • Constellation Automotive Group Ltd

  • Arnold Clark Automobiles Ltd

  • Cazoo Group Ltd

  • Car Giant Ltd

Conclusion

The United Kingdom used car market is set for robust growth over the next several years, driven by digital sales models, the popularity of nearly new vehicles, and evolving consumer preferences. The market is expected to reach USD 186.10 billion by 2030, supported by strong demand for SUVs, electric vehicles, and mid-range price segment cars.

Dealer strategies, including the expansion of certified pre-owned programs and online sales initiatives, are essential to capturing market opportunities. Regulatory frameworks such as emissions compliance and clean-air policies further influence vehicle turnover and pricing dynamics.

Get More insights:

Industry Related Reports:

Portugal Used Car Market: The Portugal Used Car Market is analyzed across multiple segments, including vehicle type (such as hatchbacks and others), sales channel (online and offline), vendor type (organized and unorganized), transaction type (full payment and finance), fuel type (petrol and alternative fuels), vehicle age (0–2 years and older), and price segment (below USD 5,000 and above), as well as by region. Market forecasts are provided in terms of value (USD).

Europe Connected Cars Market: The Europe Connected Car Market is analyzed based on multiple segments, including technology type such as navigation, infotainment, safety/ADAS, vehicle management, telematics and OTA updates, and other technologies. It is also segmented by connectivity type, encompassing integrated, embedded, tethered, and hybrid solutions, as well as by vehicle-connectivity scope, including V2V, V2I, and V2X. Additionally, the market is categorized by end-user, covering OEM factory-fit, aftermarket, and other users, with insights provided across different countries. Market forecasts are presented in terms of value (USD).

About Mordor Intelligence

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

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