Current trends in the UK car market: Prices; consumer tastes and preferences (e.g. style, colour); growth of electric car sales. Flashcards
Where does the UK place themselves globally in terms of the car market?
The UK’s new-vehicle market is the seventh-largest in the world. In 2022, the UK registered 1,896,202 new cars and vans.
What brand of car is sold the most worldwide?
Toyota sells the most cars worldwide. In 2020, Toyota sold 9.3 million new vehicles .
What was the UKs favourite car in 2022?
The Nissan Qashqai is the UK’s favourite new car, with 42,704 sales in 2022. Previously, the Vauxhall Corsa was the most popular car, replacing the Ford Fiesta which had led the annual sales chart for more than a decade
What has happened to the demand for diesel cars in recent years?
Demand for diesel passenger cars has collapsed in the UK. In 2014, diesel accounted for 50% of all new passenger car sales in the UK. However in 2022, only 5.1% of new passenger cars were diesel.
What was Britains top-selling vehicle brand in 2022?
Volkswagen is Britain’s top-selling vehicle brand, with 131,850 new car sales in 2022 - 5024 more than Ford, previously the best-selling car brand.
What do car industry experts expect the growth rate of car sales to be between 2019 and 2025?
9% growth rate.
In January this year, Tesla made the surprising announcement that it would be cutting its vehicles by as much as…
20%
How much market share did plug-in hybrid and self-charging hybrid cars have in 2022?
6.3% and 11.6% in the UK.
What was the UK car market valued in 2021 and 2027
The United Kingdom used car market was valued at USD 117.69 Billion in 2021, and it is expected to reach a value of USD 226.16 billion by 2027
What is essential for people to have in a car?
If safety is a top priority for you, be sure to look for cars that have features like airbags, ABS brakes, and traction control. You may also want to consider a car with a backup camera or blind spot detection. These extra features can give you peace of mind when you are on the road.
What are the types of consumers within the car market?
- The (car) enthusiast: these consumers show high interest in digital technologies and everything car related, as well as high involvement in the driving experience.
- The cautious (driver): this group demonstrates high involvement in the driving experience but is overly cautious about new technologies.
- The (roaming) multitasker: these consumers are highly involved in digital technologies but show very low interest in cars or driving involvement.
- The pragmatic (commuter): this group mostly cares about getting from A to B, and shows no particular interest in cars or new digital technologies.
When is the UK banning the production of fossil fuel vehicles?
2035
What is an example of a car that is price elastic?
What is an example of a car that is price inelastic?
- Tesla (luxury car brands)
- Toyota
What is the UK’s favourite colour car?
According to new data from the Society of Motor Manufacturers and Traders (SMMT), grey is officially the nation’s favourite new car ‘colour’ for the fifth year in a row. The latest figures showed that more than a quarter (25.7%) of UK buyers choose the colour in 2022 for their new car
What is the UKs worst colour car?
The least popular colours included maroon, pink and cream which – combined – made up less than one per cent of all new cars sold last year.
This shows differentiation may not be a major factor in car buying and in terms of the design mix, aesthetics is a big factor in purchasing a car instead of other functions.
