The Parc of 1-year-old vehicles in United Kingdom attained a value of 1,631,064 Units in 2020
The indicator recorded a historical decline (CAGR) of 14% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the indicator to grow at a CAGR of...
The UK 1 year old vehicles segment overview
PARC of 1 year old vehicles experienced a massive decline between 2017-2020.
The automotive manufacturing industry comprises the production of trucks, passengers cars and motorcycles. The truck manufacturers market consists of the production of light commercial vehicles (LCVs), heavy trucks, and buses & coaches. The maximum legal weight of each vehicle type varies between countries. Passenger cars are defined as motor vehicles with at least four wheels, used for the transport of passengers, and comprising no more than eight seats in addition to the driver's seat. The market includes both petrol and diesel passenger cars, as well as hybrid and electric. Passenger cars include mini, small, medium, large, exclusive and luxury cars, as well as mini, compact, mid and full size SUV/crossover. The compact, small and large MPVs and mini, compact, mid and full size pickups are included as are sport coupe cars. Any sort of light or heavy commercial vehicles e.g. vans or HGVs are excluded.
Impact of COVID-19 on the automotive manufacturing segment in the UK
The value of the UK automotive manufacturing industry is expected to grow in 2021, recovering from the sharp decline in production a year earlier due to the COVID-19 pandemic. The industry is set to follow a strong growth trajectory during the forecast period given that the macroeconomic environment will continue to improve. The COVID-19 pandemic had a significant impact on the automotive industry in 2020. Temporary shutdowns at manufacturing plants amid labor shortages and a severe disruption in the supply chain - including a shortage of semiconductors - which persisted throughout the year, resulting in the decline of production.
Who are the leading players?
Tata Motors is headquartered in India but has manufacturing, R&D and design facilities in many sites across Asia, Africa and Europe. The company produces Jaguar Land Rover vehicles in the UK across three production sites. In 2019, the Land Rover Range Rover Sport accounted for the majority of the company’s manufacturing output in the UK, closely followed by the Land Rover Range Rover Evoque.
Nissan Motor Co is headquartered in Japan but has manufacturing facilities throughout the Americas, Europe, Asia, and Africa, with one located in the UK. In 2019, the Nissan Qashqai accounted for the majority of the company’s manufacturing output in the UK. This vehicle is produced as part of the Renault-Nissan-Mitsubishi alliance.
Toyota Group is headquartered in Japan but has manufacturing facilities throughout the Americas, Europe, and Asia. In 2019, the Toyota Corolla was the only vehicle model produced by the company in the UK.
Honda was the fourth largest automotive manufacturer in the UK in 2019. The company is headquartered in Japan but has manufacturing facilities located in the Americas, Europe, Asia, and Africa.
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