A detailed review of the state-of-play of the UK car market reveals it to be a sector in crisis. Both new and used sales have recently suffered a fall in sales with the performance of the new sector a particular worry. Many of the reasons for the recent fall in volumes reflect wider issues that are affecting the UK economy.
Various sources of information were accessed to undertake this analysis including both government and trade. The report also made use of consumer research to provide a greater understanding of where the market may be heading. Growth areas identified include the increased penetration of hybrid and electric vehicles, the continuing interest in SUVs as well as the popularity of premium brands. More worrying, are the growing restrictions on motor vehicles in urban areas, competition from other ways of accessing a car as well as lingering impact of Brexit and the UK’s new role on the world stage.