Skip to content
Home » Analysis » Market Analysis » UK Used Car Market Analysis 2022-2023

UK Used Car Market Analysis 2022-2023

The UK car market has seen some significant changes over the last few years. With the shift towards electric and hybrid cars and the rise of online selling platforms, it’s more important than ever to keep an eye on the latest sales figures and trends. In this article, we’ll explore the current state of the UK car market and take a look at the sales figures and trends for the year 2022-2023.

The Latest Car Sales Figures and Trends

When it comes to the latest car sales figures, the numbers are looking positive. According to the Society of Motor Manufacturers and Traders (SMMT), new car registrations in the UK have increased by 1.8% in 2022 compared to the previous year. In total, there were over 1.6 million new car registrations in the first half of 2022.

This increase can be attributed to the growing popularity of electric and hybrid cars, which saw a 44.2% increase in sales in the first six months of 2022. This trend looks set to continue, as more and more people are opting for eco-friendly vehicles.

Electric cars are becoming increasingly popular due to their environmental benefits, as they produce zero emissions. Additionally, the UK government has introduced a number of incentives to encourage people to switch to electric cars. These incentives include grants for purchasing electric cars, free charging at certain locations, and reduced road tax rates.

Hybrid cars are also gaining popularity, as they offer the benefits of both electric and petrol cars. They have a petrol engine as well as an electric motor, which work together to provide improved fuel efficiency and lower emissions.

A Comprehensive Look at the UK Car Sales Statistics

Breaking down the UK car sales figures further, we see that the top-selling car models in the first half of 2022 were the Ford Fiesta, Volkswagen Golf, and Vauxhall Corsa. These three models make up over 20% of all new car registrations in the UK.

It’s interesting to note that the Ford Fiesta has been the UK’s best-selling car for over a decade now. The Fiesta is known for its affordability, practicality, and reliability, which make it a popular choice among UK car buyers.

When it comes to the top car brands in the UK, the list is dominated by Ford, Volkswagen, and Vauxhall. These brands have consistently been the top three in terms of sales figures over the last few years, and it looks like they will continue to dominate for the foreseeable future.

However, it’s worth noting that other car brands are also making strides in the UK market. For example, Hyundai and Kia have seen significant growth in recent years, thanks to their focus on producing affordable yet high-quality cars.

Overall, the UK car sales figures paint a positive picture for the automotive industry. With the growing popularity of eco-friendly cars, as well as the continued dominance of established car brands, the future looks bright for the UK car market.

You can access any of the data in this report via our API or our Investor Tools

The Rise of Electric and Hybrid Cars: Sales Stats and Market Share

The Future of Car Sales: UK Car Sales by Fuel Type in 2022

The rise of electric and hybrid cars is one of the most significant trends in the UK car market. In 2022, 44.2% of all new car registrations were electric or hybrid vehicles. This represents a huge shift compared to just a few years ago, when these types of cars were still relatively niche.

Looking ahead, it’s clear that electric and hybrid cars will continue to grow in popularity. As the UK government looks to phase out petrol and diesel cars by 2030, there will be even more incentives for people to switch to electric or hybrid vehicles.

One of the main reasons for the rise of electric and hybrid cars is their environmental benefits. These vehicles produce lower emissions compared to traditional petrol and diesel cars, making them a more sustainable option for the future. This is especially important as the world looks to reduce its carbon footprint and combat climate change.

Another factor contributing to the popularity of electric and hybrid cars is the increasing availability of charging infrastructure. As more charging stations are installed across the country, it’s becoming easier and more convenient for people to charge their electric cars while on the go. This has helped to alleviate concerns about range anxiety, which is a common worry for many potential electric car buyers.

Furthermore, electric and hybrid cars are becoming more affordable and accessible to a wider range of consumers. As technology improves and production costs decrease, the price of electric and hybrid cars is gradually coming down. In addition, the UK government offers a range of incentives to encourage people to buy electric or hybrid cars, including grants and tax breaks.

In terms of market share, electric and hybrid cars are expected to continue their upward trajectory. According to industry experts, electric vehicles could make up as much as 70% of new car sales in the UK by 2030. This would represent a seismic shift in the car market, and would have significant implications for the wider economy.

Overall, it’s clear that electric and hybrid cars are here to stay. As the world looks to transition to a more sustainable future, these vehicles will play a key role in reducing emissions and combating climate change. With increasing affordability, accessibility, and convenience, it’s likely that more and more people will be making the switch to electric and hybrid cars in the years to come.

The Top Car Brands in the UK: New Car Sales by Brand

Which Car Brands are Dominating the UK Market?

In terms of new car sales by brand, the top three in the UK are Ford, Volkswagen, and Vauxhall. These brands have a combined market share of over 40%, indicating that they have a strong hold on the UK car market.

While these brands have been at the top of the market for many years, there are also some newer brands making waves. Tesla, for example, saw a 1.5% market share increase in the first half of 2022 and is now the ninth top-selling car brand in the UK.

The Most Popular Used Car Models in the UK

When it comes to the used car market, there are some clear winners in terms of popularity. The top three used car models in the UK are the Ford Fiesta, Vauxhall Corsa, and Ford Focus. These models have consistently been the top-sellers in the used car market for several years.

While these models don’t have the same eco-friendly appeal as electric and hybrid cars, they are still reliable and affordable options for many people.

The Latest Car Sales Figures by Brand in 2022

Which Car Manufacturers are Winning the Race in 2022? (Source: CarExpert)

According to CarExpert, the top five car manufacturers in terms of sales figures for the first six months of 2022 are:

  1. Ford – 167,956 registrations
  2. Volkswagen – 133,861 registrations
  3. Vauxhall – 85,750 registrations
  4. Mercedes-Benz – 72,544 registrations
  5. BMW – 68,859 registrations

It’s clear that Ford, Volkswagen, and Vauxhall are still leading the way when it comes to overall sales figures. However, it’s interesting to see Mercedes-Benz and BMW featuring in the top five, indicating that there is room for luxury brands in the UK car market.

Conclusion

The UK used car market has seen some significant changes over the last few years, from the rise of electric and hybrid cars to a shift towards online sales platforms. By keeping an eye on the latest sales figures and trends, it’s possible to stay ahead of the curve and make informed decisions about buying or selling cars.

While the top-selling models and brands may remain fairly consistent, it’s clear that there is room for newer and more innovative brands to make their mark on the market. As we move towards a greener future, it’s likely that electric and hybrid cars will continue to dominate sales figures, but there will always be a place for reliable and affordable used cars.

Sign up for our API to use this data to power your own UK used car data market reports