Cox Automotive forecasts slow growth in UK's used car market, predicting a rise to 7.9 million transactions by 2027.

Cox Automotive predicts the UK's used car market will see only modest growth, with transactions rising from 7.4 million in 2024 to about 7.9 million by 2027. This slow recovery is due to economic pressures and supply issues, making used cars more attractive than expensive new ones. Despite modest growth, certain segments, like internal combustion engine vehicles, will see higher values because of limited supply.

December 03, 2024
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