Automotive Buying Trends
6th March 2014
Automotive Buying Trends
Since 2007, the UK market has shifted away from the Upper Medium segment towards smaller cars in the Mini and Supermini segments, as well as the MPV and Dual Purpose segments.
Change in buying patterns has been driven by demand for smaller, more fuel-efficient models, as well as the greater versatility offered by vehicles in Dual Purpose and MPV segments.
Dual Purpose sales overtook Upper Medium volumes in 2013 to become the third largest segment.
The Supermini segment remains the largest by volume, with a market share in 2013 of 35.9%.
All sales types recorded growth in 2013, although it was the private sector which saw the largest volume gain.
Improving consumer and business confidence, after an extended hold-off period and a competitive market place helped fuel sales growth.
Increase in private registrations accounted for two-thirds of overall market growth. In 2013 private buyers accounted for 47.5% of the market, up from 45.5% in 2012.
Registrations of hybrid and plug-in cars rose 20.5% in 2013 to 32,715 units.
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