New Car & Light Motor Vehicle Dealers in the UK - Industry Market Research Report

Green money: Electric and hybrid vehicle sales are on the up and are only set to grow further

Revenue is anticipated to plunge at a compound annual rate of 3. 5% to £120. 1 billion over the five years through 2023-24, including revenue growth of 3. 3% in 2023-24. New car registrations have inched downwards - the result of skyrocketing fuel prices and customers delaying sales. New car sales are rising in 2023 driven by electric sales and plug-in hybrids, despite squeezed household incomes. Stricter environmental laws, like the expansion of the ULEZ zone in London, are leading to higher business sales, boosting revenue in 2023. Companies in this industry sell new cars and other light motor vehicles. The industry includes retailers (which sell directly to consumers) and wholesalers (which sell to fleet markets).

The vehicles sold must weigh less than 3. 5 tonnes and include passenger cars, SUVs, specialised vehicles (like ambulances) and off-road motor vehicles. The sale of used motor vehicles or vehicles of a weight exceeding 3. 5 tonnes are not included. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.