The UK Used Car Industry - Statistics & Facts

Despite an unprecedented period of growth for the new car market in the United Kingdom, the used car market has consistently been more valuable with a much higher number of vehicles sold. In reality, it may take a few years for the renewed growth of the new car market to have an effect on the used car market, as most people are still reeling from the recession and a lower number of used cars are entering the market than in previous years. This has also had an effect on the average age of cars in the country which has been increasing in the last few years. However since 2010, the number of very old used cars being sold has slowly been decreasing while there has been an increase in the number of cars aged two or less being sold second-hand by dealers.

Many customers are reporting not being able to afford to buy a new car and due to financial restrictions have turned to used car dealers where they think they can get more for their money or find a good deal. The option of trading in an old car is also appealing to many. Price was, unsurprisingly, the most important factor for those buying a used car.

While an increasing number of car buyers are choosing to buy new cars, often seen as a way of lowering maintenance costs of older vehicles, the majority still prefer to buy second-hand in order to keep their own expenses down.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
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Average age of cars on the road in the UK in 2016

7.7 years

Market share of used cars sold by dealers in the UK in 2014

57%
Used car market
Average age of cars on the road in the UK in 2016 7.7 years Market volume of used cars sold in the UK in 2014 7.2 million Market value of used cars sold in the UK in 2014 43.4 bn GBP Number of used luxury cars sold in the UK in 2013 41639
Used car sellers
Market share of used cars sold by dealers in the UK in 2014 57% Volume of used cars sold by dealers in the UK in 2014 4.1 million
Sales of used cars
Average sales price of auctioned cars in the UK in September 2015 5588 GBP Number of used Ford sold in the UK in 2014 980715 Number of used Mercedes-Benz sold in the UK in 2014 224356 Number of used cars older than 9 years sold in the UK in 2014 3377
Customers in the UK
Share of customer who bought a used car because of a good deal on the car in the UK in 2015 32% Share of customers who bought their latest used car based on low mileage in 2015 32% Share of customers who bought a 4x4 drive vehicle in 2014/15 5% Manufacturer with the highest satisfaction rate of customers based on manufacturer´s used car warranties KIA Share of customers who are very satisfied with the used car they bought in 2013 71%

Used car industry in the United Kingdom - Important statistics

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Used car industry in the United Kingdom
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The whole topic in one document

Used car industry in the United Kingdom
  • Edited and prepared
  • Download in PPT/PDF format
  • Instant access
  • From $365
View dossier
Used car market
Average age of cars on the road in the UK in 2016 7.7 years Market volume of used cars sold in the UK in 2014 7.2 million Market value of used cars sold in the UK in 2014 43.4 bn GBP Number of used luxury cars sold in the UK in 2013 41639
Used car sellers
Market share of used cars sold by dealers in the UK in 2014 57% Volume of used cars sold by dealers in the UK in 2014 4.1 million
Sales of used cars
Average sales price of auctioned cars in the UK in September 2015 5588 GBP Number of used Ford sold in the UK in 2014 980715 Number of used Mercedes-Benz sold in the UK in 2014 224356 Number of used cars older than 9 years sold in the UK in 2014 3377
Customers in the UK
Share of customer who bought a used car because of a good deal on the car in the UK in 2015 32% Share of customers who bought their latest used car based on low mileage in 2015 32% Share of customers who bought a 4x4 drive vehicle in 2014/15 5% Manufacturer with the highest satisfaction rate of customers based on manufacturer´s used car warranties KIA Share of customers who are very satisfied with the used car they bought in 2013 71%

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