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)
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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Statista, & Mordor Intelligence. (December 2, 2022). Used car market size in the United Kingdom in 2021, with a forecast between 2022 and 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1349974/uk-used-car-market-size-forecast/
Statista, und Mordor Intelligence. "Used car market size in the United Kingdom in 2021, with a forecast between 2022 and 2027 (in billion U.S. dollars)." Chart. December 2, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1349974/uk-used-car-market-size-forecast/
Statista, Mordor Intelligence. (2022). Used car market size in the United Kingdom in 2021, with a forecast between 2022 and 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1349974/uk-used-car-market-size-forecast/
Statista, and Mordor Intelligence. "Used Car Market Size in The United Kingdom in 2021, with a Forecast between 2022 and 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 2 Dec 2022, https://www.statista.com/statistics/1349974/uk-used-car-market-size-forecast/
Statista & Mordor Intelligence, Used car market size in the United Kingdom in 2021, with a forecast between 2022 and 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1349974/uk-used-car-market-size-forecast/ (last visited November 21, 2024)
Used car market size in the United Kingdom in 2021, with a forecast between 2022 and 2027 (in billion U.S. dollars) [Graph], Statista, & Mordor Intelligence, December 2, 2022. [Online]. Available: https://www.statista.com/statistics/1349974/uk-used-car-market-size-forecast/
