Published on : May 02, 2017
Albany, New York, May 2, 2017: Car purchasing is a progressive procedure that requires a detailed understanding of the car market. It was noted that car sales reached an all-time high in 2016 and is expected to further rise due to various factors comprising increased family income, direction towards luxurious life, deed to enhance the individual status in the society and easy car repayment scheme. A more detailed analysis is provided by Market Research Hub (MRH) through its latest research report titled as “Car Purchasing Process - UK - April 2017”. The report analyzes the sector’s status in April 2017 and offers detailed regarding the car purchasing process for the U.K. region. Also, various drivers that affect market growth are evaluated in this report, which highlights positive signs in the coming years.
The report starts with the executive summary for the market, and an analysis that shows that car purchases surpass 10.5 million units in 2016 supported by figures of the U.K. new and used car sales by volume for 2011 to 2021. Moreover, various figures are provided that clear the market understanding to a very exquisite level.
Further, the issues and insights of the car sale market are listed with different facts and implications. The forecast which might impact the market growth are, EU referendum vote, the performance of the U.K. car market, alternative market scenarios for the post-Brexit car market at current prices and detailed post-Brexit scenarios for the U.K. new and used car sales, at current prices, 2016-21.
The report also analyzes and segments the market for the time period 2011-2016 in context to new and used car market volumes, new car registrations by region, U.K. new registrations of motor vehicles, new car registrations by keeper, share of vehicle types amongst private purchasers, sales of new cars by fuel type, and finally hybrid and electric new car registrations (Great Britain), by volume for 2011-21.
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The market drivers are provided in detail supported with figures consisting of; the increased confidence of customer, loan rates remain low, low levels of inflation assisting car buyers, and low levels of inflation assisting car buyers. The report concludes with information related to companies & brands. Moreover, the market share of companies such as Ford, Vauxhall, and Volkswagen is discussed, which are suffering. Also, premium marques and value brands are also detailed that continue to make ground in the U.K. car purchasing market.
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