UK market Forecast for 2015 (PC + LUV)

The UK car market had declined significantly between 2007 and 2011, following the financial crisis. Which is why, the continued growth of this market recorded since 2012 (10% in 2013 and 10% in 2014), can be considered as a simple catch up, since the expected levels in 2014 (2.7 million units) will be close those of 2007, no more no less.


The growth of the automobile market should certainly be lower in 2015 (2.4% according to Inovev), but there will be no decrease as one might have imagined last year. Indeed, there is currently no signs of such a scenario. Moreover growth forecasts for the United Kingdom (+2.7% in 2015) do not indicate any short term slowdown for this economy mainly based on loans.


In this context, the sales volume of PC +LUVs is expected to exceed 2.7 million units, making it the second largest in Europe behind Germany. Let us recall that in the UK, only a small proportion of PC are purchased by individuals.


The UK is the country that imports the most vehicles in the top five European markets: in 2014, 88% of vehicles sold in the UK were imported from abroad.


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