The Used Car Market Report 2014 - University of Buckingham
The Used Car Market Report 2014
A REPORT FOR BCA
Centre for Automotive Management The University of Buckingham Business School buckingham.ac.uk/cam
Foreword
We are delighted to bring you this 24th edition of the BCA Used Car Market Report.
This year's report looks at how the country's improving economic prospects have influenced motorists' decisions on buying a used car and the likely impact of rising new car volumes on the used car market.
Our editor, Emeritus Professor Peter N C Cooke, the Centre for Automotive Management at The University of Buckingham is a highly-regarded commentator on the motor industry.
Professor Cooke spent over 20 years in the motor industry and has taught, researched and written about the sector at business schools for a similar period. He has undertaken much work on the fleet, used car and LCV sectors and has edited the BCA Used Car Market Report for several years.
The Buckingham Automotive team has sought to retain the key elements of this highly-respected report, and has also carried out new analysis on the changing shape of the used car market.
Given the strong likelihood of a sustained economic recovery, the BCA Used Car Market Report 2014 also looks at the opportunities for growth in the UK's new and used vehicle markets.
Jon Olsen CEO BCA
2
The Used Car Market ? a report by BCA
Contents
Foreword
Introduction
Overview
6
New and used car sales recovery continues The new car market The used car market Consumer perspective
UK Market Review
11
Used car volumes rise for fifth year
Used:new car ratios
Used car market segments
Dealers' used car volumes
Private sector used car sales
UK car market value reaches new high
15
Dealer/private sector used car market value
Used car selling prices
Used car prices at auction
Average age of cars continues to rise
18
Seventy-nine per cent of cars reach 12 years
The `parc turn' ratio
A more promising outlook?
20
Consumer Perspective
22
Part One ? What Used Car to Buy?
23
What used car to consider buying?
Factors driving search for used car
'Crunch factors'
Part Two ? Where to Buy From?
26
Which used car retailer to deal with?
Buying from franchised and non-franchised dealers
Three-quarters of motorists buy a used car
Car ownership slips in 2014
Hatchbacks' market share drops
Buying a used car rather than a new car?
Sales of used diesels rise
Part Three ? Car Owners' Options and Buying Intentions
32
Buying a car in the next 12 months?
What type of car to buy next?
Where to buy the next car?
Low or 0% interest next time?
Sell your car 'directly for cash'?
Reasons for selling 'for cash'
Part Four ? Economic Recovery, Running Costs, and Keeping in Touch 36
What car to buy during economic recovery?
Effect of technology on motoring
Alternatives to owning a car
Contents
Regional Review
39
'Personal experience' is the most powerful factor `Crunch factors' when deciding on a particular car Factors influencing choice of used car retailer When to buy the next car? Where to buy the next car? What type of car to buy next? Major influences on car search Selling your car 'for cash' Buying a new instead of a used car
European Overview
46
New car registrations Western European markets New member states Used car volumes Car parc `Parc turn' percentage Used:new volume ratios Used car sales per 1,000 inhabitants United Kingdom, Germany, Italy France, Spain
Recession, Recovery, Buyers and the Used Car Market
57
Economic change and recovery Income levels Automotive industry changes A Sting in the Tail? Some initial conclusions
Hard or Soft Landing for Used Car Values
66
New car registrations; historic and forecast A new replacement paradigm? Potential impact on used car market? Transitional or strategic change? Buyer have become more market savvy
Used LCVs and Economic Recovery
72
Rise in LCV Demand LCVS and the State of the Economy UK LCV Parc; Average Age LCVs at Auction LCV Finance Strategic Issues for Used LCV Retailers
BCA ? A Connected Marketplace
79
Statistical Data
81
Research
93
Introduction
The BCA Used Car Market Report 2014 aims to provide the same valuable insight into the latest developments in the UK used car market that each of our previous reports have done.
The UK Market Review is based on statistical information from national sources. This is updated and compared with previous years' data to provide an insight into volume and value trends in the used car market.
The Consumer Perspective section of the report is based on a TNS-BMRB survey of UK car owners. This comprises a review of the key issues that influence used car buyers when deciding which car to buy and where to buy from.
This year, car owners were asked what expectations they have for buying their next car if the economy continues to recover. They were also asked what alternatives they might consider to owning a car outright, and how they thought technology might affect motoring over the next five years.
The European section of the Used Car Market Report contains updated trend information on Europe's new and used car markets.
Other sections include 'A Hard or Soft Landing for Used Car Prices' looking at the likely impact of the fast-growing new car market and new car finance sector on used car values, highlighting some caveats as the economy moves forward ? and the effect of the `Recession and Recovery on Used Car Buyers and the Used Car Market'.
The report also looks briefly at the used LCV market and the main factors driving this key automotive sector.
BCA is pleased to provide its Used Car Market Report 2014 to all those who have an interest in the UK and European automotive industry.
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- car ownership and status
- the used car market report 2014 university of buckingham
- problems plague u s flex fuel fleet
- alternative fuel financing matrix 3 17 20
- general motors employee discount program rules and guidelines
- financial implications of divorce continuationpay
- buy with peace of mind online used car auctions
- the driverless car wavestone
- a new way for oems and dealers to thrive in times of
- the australian vehicle dealer s news source
Related searches
- stock market report today
- the university of scranton address
- used car loan rates bank of america
- list of used car dealerships
- university of kentucky report card
- wharton school of the university of pennsylvania
- best used car for the money
- kbb car used car sales
- enterprise rent a car used car sales
- used car market in us
- used car market size
- apple annual report 2014 pdf