Projected used car market size in the UK 2021-2027

Published by
Mathilde Carlier,
Dec 5, 2022
In 2021, the used car market in the United Kingdom was worth around 117.69 billion U.S. dollars. This market size is expected to reach close to 226.2 billion U.S. dollars by 2027, with a compound annual growth rate of 11.5 percent between 2022 and 2027. Used vehicles were the main passenger car segment in the country in 2021, representing some 7.53 million sales.

Used car market size in the United Kingdom in 2021, with a forecast between 2022 and 2027 (in billion U.S. dollars)

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Release date

2022

Region

United Kingdom

Survey time period

2021

Supplementary notes

An exponential development of the values between 2022 and 2027 was assumed to estimate the annual values. The compound annual growth rate of 11.5 percent between 2022 and 2027 as well as the values for 2021 and 2027 were provided by the source and used by Statista to calculate the data between 2023 to 2026.

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Statistics on " Used vehicles in the United Kingdom "

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Other statistics that may interest you Used vehicles in the United Kingdom

Overview

8

Segments

8

Companies

8

Special focus on new and used vehicle consumers

8

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Topics

Used vehicles in the United KingdomAutomotive industry in the United KingdomTransport industry in the United KingdomUsed vehicle market in JapanUsed Vehicles in the United States
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