>> I'm in the 90% who buys dirt cheap cars <5k I know you're saying that as a turn of phrase, not meaning it literally but just because it's fun thing to specu

>> I'm in the 90% who buys dirt cheap cars <5k I know you're saying that as a turn of phrase, not meaning it literally but just because it's fun thing to speculate on... Just how big is that market? If there were 35m cars on the road in 2022 (according to UK gov) and there were 1.6million new cars sold in 2022 vs 7 million used car transactions in 2022 (according to SMMT https://www.smmt.co.uk/category/vehicle-data/used-car-sales-data/ https://www.smmt.co.uk/category/vehicle-data/used-car-sales-... ) I can't find details about the sources for those used transactions - is it only SMMT members so that would mean excluding all private sales? You'd have to imagine there are plenty private sales for <5k cars. Or is it relying on change of owner data from DVLA? Maybe - on their data sales pages they talk about sourcing data from DVLA then enriching it. Assuming for now that it doesn't include private sales, that dataset is already claiming that 20% of the 35m cars changed hands. How many more changed hands outside of that dataset? It's not that half my street changes their cars each year so there aren't that many private sales on top of this i think. So my best guess is that 90% market is probably max 20% but more likely 5-10%? 1.6m was a severely down year but that's still a heck of a lot of new cars for a country with only 35m cars on the road! Fun thing to explore.