UK market grows by 17.9% in 2023 compared to 2022
- The British automobile market (passenger cars) experienced a clear recovery in 2023, of around 17.9% compared to 2022, with a volume of 1,903,054 units compared to 1,614,063 in 2022, 1,647,181 in 2021 and 1,631,064 in 2020. However, this volume of new cars registered is still very far from the volumes recorded between 2015 and 2019, which were well above 2 million units.
- The British automobile market, after having declined significantly between 2016 and 2020 due in particular to Brexit (losing almost a million vehicles in 2020 compared to 2016), did not continue to decline after this date, but stabilized before reversing the trend in 2023 (thus recovering a third of the volume lost between 2016 and 2020).
- The ranking by carmaker shows that the Volkswagen group is well ahead of all its competitors in 2023, with 24% market share, with its various brands (Volkswagen, Audi , Skoda, Seat, Porsche). The Stellantis group takes the second place behind Volkswagen, with 12% market share. The Korean Hyundai-Kia is performing well with 10% of the market. The BMW group benefits from its British brand Mini to achieve a market share of 8%. Ford, former leader of this market, now only occupies 8% of the market, due to a product policy which has ended the Fiesta, Focus and Mondeo sedans as well as the B-Max, C-Max, S-Max and Galaxy MPVs.