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Market Research Report
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1019830

Used Car Market (by Type, Sales Channel & Country) in Europe (ex-UK): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)

Published: | Koncept Analytics | 101 Pages | Delivery time: 1-2 business days

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Used Car Market (by Type, Sales Channel & Country) in Europe (ex-UK): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)
Published: July 20, 2021
Koncept Analytics
Content info: 101 Pages
Delivery time: 1-2 business days
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  • Description
  • Table of Contents
Description

Europe used car market is predicted to reach US$960.98 billion in 2025, progressing at a CAGR of 5.27% over the period 2021-2025. Factors such as growing population, increasing car ownership, expanding urbanization, mounting penetration of internet and high depreciation rate of new cars would drive the growth of the market. However, the market growth would be challenged by fluctuating prices of used cars, high maintenance & servicing costs and lack of standardization & unorganized regulations. A few notable trends include escalating demand for affordable used cars, accelerating shift towards online buying, technological advancements and reduced rates for car insurance premiums.

Europe used car market has been segmented on the basis of type and sales channel. In terms of type, Europe used car market can be bifurcated into B2C (business-to-consumer) transactions, B2B (business-to-business) transactions and financing. Whereas, the market can be split into franchised dealers, independent dealers and others such as peer-to-peer, on the basis of sales channel.

The fastest growing market in the region is Germany due to escalating demand for affordable used cars owing to their low price and excellent condition, increasing number of online used car companies in the country, rapid expansion of used car dealerships, availability of used car financing and insurance options and mounting penetration of internet enabling the availability of information of the used car resulting in growing customer inclination towards used car. Further, the sudden outbreak of COVID-19 has created an unfavorable impact on the market as the great lockdown has halted various industrial activities, causing supply chain disruption and travel restrictions, thus, affecting the demand in the used car sector.

Scope of the report:

  • The report provides a comprehensive analysis of Europe (excluding UK) used car market segmented on the basis of type, sales channel and country.
  • The major country markets (Germany, France, Italy, Poland, Netherlands, Spain and other Europe) have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Penske Automotive Group, Inc., Lookers PLC, Pendragon PLC, AUTO1 Group SE, Emil Frey AG and Autorola Group) are also presented in detail.

Key Target Audience:

  • Used Car Vendors and Dealers
  • Potential Direct Dealership Sales Agents & Existing Multi-Brand Dealerships
  • Online Auto Portals & Classified Pages
  • Automotive Companies & Car Rental Companies
  • Government Bodies & Regulating Authorities
Table of Contents

Table of Contents

1. Market Overview

  • 1.1 Introduction
  • 1.2 Decision Parameters of Used Cars
  • 1.3 Pricing of Used Cars
  • 1.4 The Used Car Market Ecosystem
  • 1.5 Benefits of Buying Used Car Instead of a New Car
  • 1.6 Used Car Supply Chain
  • 1.7 Disadvantages of Buying a Used Car

2. Impact of COVID-19

  • 2.1 Contraction in the GDP
  • 2.2 Slowdown in Automotive Sales
  • 2.3 Decline in Industrial Production

3. Europe Market Analysis

  • 3.1 Europe Used Car Market by Value
  • 3.2 Europe Used Car Market Forecast by Value
  • 3.3 Europe Used Car Market by Type
    • 3.3.1 Europe B2C Transactions Used Car Market by Value
    • 3.3.2 Europe B2C Transactions Used Car Market Forecast by Value
    • 3.3.3 Europe B2C Transactions Used Car Market by Sales Channel
    • 3.3.4 Europe B2C Franchised Dealers Used Car Market Forecast by Value
    • 3.3.5 Europe B2C Non-Franchised Dealers Used Car Market Forecast by Value
    • 3.3.6 Europe B2C Online & New Retailers Used Car Market Forecast by Value
    • 3.3.7 Europe B2B Transactions Used Car Market by Value
    • 3.3.8 Europe B2B Transactions Used Car Market Forecast by Value
    • 3.3.9 Europe Financing Used Car Market by Value
    • 3.3.10 Europe Financing Used Car Market Forecast by Value
  • 3.4 Europe Used Car Market by Sales Channel
    • 3.4.1 Europe Franchised Dealers Used Car Market by Value
    • 3.4.2 Europe Franchised Dealers Used Car Market Forecast by Value
    • 3.4.3 Europe Independent Dealers Used Car Market by Value
    • 3.4.4 Europe Independent Dealers Used Car Market Forecast by Value
  • 3.5 Europe Used Car Market Value by Country
  • 3.6 Europe Used Car Financing Market by Country
  • 3.7 Europe Used Car Market by Volume
  • 3.8 Europe Used Car Market Forecast by Volume
  • 3.9 Europe Used Car Market Volume by Type
    • 3.9.1 Europe C2C Used Car Market Forecast by Volume
    • 3.9.2 Europe B2C Used Car Market Forecast by Volume
  • 3.10 Europe Used Car Market Volume by Country

4. Country Market Analysis

  • 4.1 Germany Used Car Market Forecast by Value
  • 4.2 France Used Car Market Forecast by Value
  • 4.3 Italy Used Car Market Forecast by Value
  • 4.4 Poland Used Car Market Forecast by Value
  • 4.5 Netherlands Used Car Market Forecast by Value
  • 4.6 Spain Used Car Market Forecast by Value

5. Market Dynamics

  • 5.1 Growth Drivers
    • 5.1.1 Growing Population
    • 5.1.2 Increasing Car Ownership
    • 5.1.3 Expanding Urbanization
    • 5.1.4 Mounting Penetration of Internet
    • 5.1.5 High Depreciation Rate of New Cars
  • 5.2 Key Trends & Developments
    • 5.2.1 Escalating Demand for Affordable Used Cars
    • 5.2.2 Accelerating Shift towards Online Buying
    • 5.2.3 Technological Advancements
    • 5.2.4 Reduced Rates for Car Insurance Premiums
  • 5.3 Challenges
    • 5.3.1 Fluctuating Prices of Used Cars
    • 5.3.2 High Maintenance & Servicing Costs
    • 5.3.3 Lack of Standardization & Unorganized Regulations

6. Competitive Landscape

  • 6.1 Europe Market
    • 6.1.1 Revenue Comparison of Key Players
    • 6.1.2 Market Capitalization Comparison of Key Players
    • 6.1.3 Europe Used Car Market Share by Key Players

7. Company Profiles

  • 7.1 Penske Automotive Group, Inc.
    • 7.1.1 Business Overview
    • 7.1.2 Financial Overview
    • 7.1.3 Business Strategies
  • 7.2 Lookers PLC
    • 7.2.1 Business Overview
    • 7.2.2 Financial Overview
    • 7.2.3 Business Strategies
  • 7.3 Pendragon PLC
    • 7.3.1 Business Overview
    • 7.3.2 Financial Overview
    • 7.3.3 Business Strategies
  • 7.4 AUTO1 Group SE
    • 7.4.1 Business Overview
    • 7.4.2 Financial Overview
    • 7.4.3 Business Strategies
  • 7.5 Emil Frey AG
    • 7.5.1 Business Overview
    • 7.5.2 Business Strategies
  • 7.6 Autorola Group
    • 7.6.1 Business Overview
    • 7.6.2 Business Strategies

List of Figures

  • Pricing of Used Cars
  • Used Car Market Ecosystem
  • Benefits of Buying Used Car Instead of a New Car
  • Used Car Supply Chain
  • Disadvantages of Buying a Used Car
  • GDP Per Capita in European Union (2016-2020)
  • Monthly Passenger Car Sales in Europe (April 2020-April 2021)
  • Industrial Production Change in the European Union (January 2020-January 2021)
  • Europe Used Car Market by Value (2016-2020)
  • Europe Used Car Market Forecast by Value (2021-2025)
  • Europe Used Car Market by Type (2020)
  • Europe B2C Transactions Used Car Market by Value (2016-2020)
  • Europe B2C Transactions Used Car Market Forecast by Value (2021-2025)
  • Europe B2C Transactions Used Car Market by Sales Channel (2020)
  • Europe B2C Franchised Dealers Used Car Market Forecast by Value (2020-2025)
  • Europe B2C Non-Franchised Dealers Used Car Market Forecast by Value (2020-2025)
  • Europe B2C Online & New Retailers Used Car Market Forecast by Value (2020-2025)
  • Europe B2B Transactions Used Car Market by Value (2016-2020)
  • Europe B2B Transactions Used Car Market Forecast by Value (2021-2025)
  • Europe Financing Used Car Market by Value (2016-2020)
  • Europe Financing Used Car Market Forecast by Value (2021-2025)
  • Europe Used Car Market by Sales Channel (2020)
  • Europe Franchised Dealers Used Car Market by Value (2016-2020)
  • Europe Franchised Dealers Used Car Market Forecast by Value (2021-2025)
  • Europe Independent Dealers Used Car Market by Value (2016-2020)
  • Europe Independent Dealers Used Car Market Forecast by Value (2021-2025)
  • Europe Used Car Market Value by Country (2020)
  • Europe Used Car Financing Market by Country (2020)
  • Europe Used Car Market by Volume (2016-2020)
  • Europe Used Car Market Forecast by Volume (2021-2025)
  • Europe Used Car Market Volume by Type (2020)
  • Europe C2C Used Car Market Forecast by Volume (2020-2025)
  • Europe B2C Used Car Market Forecast by Volume (2020-2025)
  • Europe Used Car Market Volume by Country (2020)
  • Germany Used Car Market Forecast by Value (2020-2025)
  • France Used Car Market Forecast by Value (2020-2025)
  • Italy Used Car Market Forecast by Value (2020-2025)
  • Poland Used Car Market Forecast by Value (2020-2025)
  • Netherlands Used Car Market Forecast by Value (2020-2025)
  • Spain Used Car Market Forecast by Value (2020-2025)
  • Population in Europe (2016-2020)
  • European Car Ownership (2017-2025)
  • Urban Population of Europe (2016-2020)
  • Percentage of Internet Users in Selected European Countries (2015-2021)
  • Depreciation Rate of Cars (2020)
  • Used Car Transactions in Europe (2017-2025)
  • Online Sales as a Percentage of Used-Car Retail Sales in Europe (2017-2025)
  • Average Price of Used Cars in Germany (2010-2020)
  • Europe Used Car Market Share by Key Players (2020)
  • Penske Automotive Group, Inc. Revenue and Net Income (2016-2020)
  • Penske Automotive Group, Inc. Revenue by Segment (2020)
  • Penske Automotive Group, Inc. Revenue by Region (2020)
  • Lookers PLC Revenue and Profit/(Loss) (2016-2020)
  • Pendragon PLC Revenue and Loss (2016-2020)
  • Pendragon PLC Revenue by Segment (2020)
  • AUTO1 Group SE Revenue and Net Loss (2016-2020)
  • AUTO1 Group SE Revenue by Segment (2020)
  • AUTO1 Group SE Revenue by Region (2020)

List of Tables

  • Decision Parameters of Used Cars
  • Revenue Comparison of Key Players (2020)
  • Market Capitalization Comparison of Key Players (2021)