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United Kingdom - Passenger Cars - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: May 30, 2023

Passenger Car Price in UK Increases to $36,155 per Unit

United Kingdom Passenger Car Import Price in February 2023

In February 2023, the passenger car price stood at $36,155 per unit (CIF, United Kingdom), rising by 8.9% against the previous month. In general, import price indicated a moderate increase from February 2022 to February 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, passenger car import price decreased by -3.1% against December 2022 indices. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 31% month-to-month. As a result, import price reached the peak level of $37.5M per thousand units. From April 2022 to February 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($36,135 per unit), while the price for Japan ($18,073 per unit) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRY	Import Price of Passenger Car in United Kingdom (USD per unit)
COUNTRY	Feb 2022	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023
Mexico	35,294	35,817	36,132	34,982	34,197	33,926	34,206	33,589	N/A	N/A	N/A	N/A	36,135
Belgium	41,713	36,441	39,280	44,233	40,007	34,709	31,720	36,321	38,003	42,378	31,288	35,841	34,987
United States	49,182	N/A	N/A	N/A	36,277	N/A	N/A	N/A	38,205	41,819	38,418	31,532	34,626
Slovakia	27,796	26,366	22,132	25,995	32,127	26,091	26,574	32,544	29,746	29,119	32,833	33,617	29,599
Hungary	29,685	28,959	N/A	29,597	28,628	27,436	26,462	26,544	28,346	26,010	26,291	25,082	26,482
Romania	24,027	24,288	22,901	23,238	20,173	23,059	22,214	23,224	24,025	21,305	18,144	23,478	25,323
South Korea	23,401	23,889	25,213	21,719	N/A	22,410	24,215	21,421	N/A	N/A	N/A	25,210	24,953
China	N/A	N/A	N/A	13,805	25,133	7,830	23,978	21,907	N/A	25,632	26,000	16,182	24,642
Portugal	23,928	23,933	23,055	22,953	23,463	22,878	23,589	23,093	23,296	23,578	25,252	25,150	24,456
Czech Republic	25,661	23,736	23,113	22,748	21,313	20,848	19,306	19,898	21,890	20,383	22,331	22,885	22,414
Turkey	27,736	22,607	19,469	28,651	23,703	22,052	23,855	19,051	15,452	18,892	20,790	21,768	22,203
Spain	19,836	N/A	20,688	20,780	N/A	18,772	25,658	23,980	22,808	24,922	N/A	24,348	21,407
Japan	10,233	21,648	17,836	12,301	15,533	16,393	17,877	19,159	18,111	20,842	N/A	20,048	18,073
Average	28,645	37,478	30,399	24,001	29,802	22,709	25,909	24,707	31,979	29,195	37,296	33,210	36,155

United Kingdom Passenger Car Imports

In February 2023, overseas purchases of passenger cars increased by 28% to 129K units for the first time since November 2022, thus ending a two-month declining trend. In general, imports, however, saw a pronounced setback. The growth pace was the most rapid in November 2022 when imports increased by 66% m-o-m. Over the period under review, imports hit record highs at 174K units in February 2022; however, from March 2022 to February 2023, imports remained at a lower figure.

In value terms, passenger car imports surged to $4.7B (IndexBox estimates) in February 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 with an increase of 52% against the previous month. Imports peaked at 5.3B units in March 2022; however, from April 2022 to February 2023, imports stood at a somewhat lower figure.

United Kingdom Passenger Car Imports by Country

China (24K units), Spain (21K units) and the Czech Republic (12K units) were the main suppliers of passenger car imports to the UK, together accounting for 45% of total imports.

From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +11.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest passenger car suppliers to the UK were China ($596M), Spain ($450M) and Slovakia ($366M), with a combined 30% share of total imports. These countries were followed by the Czech Republic, South Korea, Japan, Hungary, Belgium, Romania, Turkey, Mexico, the United States and Portugal, which together accounted for a further 31%.

Among the main suppliers, Mexico, with a CAGR of +5.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the passenger car market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29102100 - Vehicles with spark-ignition engine of a cylinder capacity. 1 .500 cm., new
Prodcom 29102230 - Motor vehicles with a petrol engine > 1 .500 cm. (including motor caravans of a capacity > 3 .000 cm.) (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
Prodcom 29102250 - Motor caravans with a spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1 .500 cm. but . 3 .000 cm.
Prodcom 29102310 - Motor vehicles with a diesel or semi-diesel engine . 1 .500 cm. (excluding vehicles for transporting . .10 persons, s nowmobiles, golf cars and similar vehicles)
Prodcom 29102330 - Motor vehicles with a diesel or semi-diesel engine > 1 .500 cm. but . 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
Prodcom 29102340 - Motor vehicles with a diesel or semi-diesel engine > 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
Prodcom 29102353 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 1 .500 cm. but . 2 .500 cm.
Prodcom 29102355 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 2 .500 cm.
Prodcom 29102400 - Other motor vehicles for the transport of persons (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
Prodcom 29102410 -
Prodcom 29102430 -
Prodcom 29102450 -
Prodcom 29102490 -

Country coverage:

United Kingdom

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the UK
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

United Kingdom - Passenger Cars - Market Analysis, Forecast, Size, Trends And Insights

Passenger Car Price in UK Increases to $36,155 per Unit

United Kingdom Passenger Car Import Price in February 2023

United Kingdom Passenger Car Imports

United Kingdom Passenger Car Imports by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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