DUBLIN, Nov. 10, 2022 (GLOBE NEWSWIRE) — The “Used Car Market (by Type, Distribution Channel and Country) in Europe (Excl. UK): Insights and Forecasts with Potential Impact of COVID-19 (2022-2026)” report has been added ResearchAndMarkets.com Offer.
The European used car market is expected to reach US$1,025.2 billion in 2026, at a CAGR of 5.27% over 2022-2026
Factors such as growing population, increasing car ownership, increasing urbanization, increasing internet penetration and high depreciation rate of new cars would drive the growth of the market.
However, market growth would be challenged by fluctuating used car prices, high servicing and maintenance costs, and lack of standardization and disorganized regulations. Some notable trends are the increasing demand for affordable used cars, the accelerated shift towards online buying, advances in technology and reduced auto insurance premium rates.
The European used car market has been segmented by type and distribution channel. In terms of nature, the European used car market can be divided into B2C (business-to-consumer) transactions, B2B (business-to-business) transactions and financing. On the other hand, the market can be divided into franchise dealers, independent dealers and others such as peer-to-peer dealers on the basis of distribution channel.
The fastest growing market in the region is Germany due to the increasing demand for affordable used cars due to their low price and excellent condition, the increasing number of online used car businesses in the country, the rapid expansion of used car dealers, the availability of used car financing and insurance options and the increasing Spread of the Internet, which enables the availability of information about used cars, leading to a growing inclination of customers towards used cars.
scope of the report
- The report provides a comprehensive analysis of the used car market in Europe (excluding UK) segmented by type, distribution channel and country.
- The most important national markets (Germany, France, Italy, Poland, the Netherlands, Spain and the rest of Europe) were 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.
Main topics covered:
1. Market overview
1.2 Decision parameters of used cars
1.3 Pricing of Used Vehicles
1.4 The ecosystem of the used car market
1.5 Advantages of buying a used vehicle instead of a new vehicle
1.6 Used Vehicle Supply Chain
1.7 Disadvantages of buying a used car
2. Effects of COVID-19
2.1 GDP contraction
2.2 Slowdown in automobile sales
2.3 Decline in industrial production
3. Analysis of the European market
3.1 Europe Used Car Market by Value
3.2 Europe Used Car Market Forecast by Value
3.3 Europe Used Cars Market by Type
3.3.1 Used Cars Market for B2C Transactions in Europe by Value
3.3.2 Used Car Market Forecast for Europe B2C Transactions by Value
3.3.3 Europe B2C Transactions Used Car Market by Distribution Channel
3.3.4 Used Car Market Forecast for B2C Franchise Dealers in Europe by Value
3.3.5 Europe B2C Non-Franchise Dealerships Used Cars Market Forecast by Value
3.3.6 Europe B2C Online and New Dealers Used Cars Market Forecast by Value
3.3.7 Used Car Market for B2B Transactions in Europe by Value
3.3.8 Used Car Market Forecast for B2B Transactions in Europe by Value
3.3.9 Used Car Market in Europe by Value
3.3.10 Europe Used Car Market Forecast by Value
3.4 Europe Used Car Market by Distribution Channel
3.4.1 Used Car Franchise Dealership Market in Europe by Value
3.4.2 Used Car Market Forecast for Franchise Dealers in Europe by Value
3.4.3 Used car market for independent dealers in Europe by value
3.4.4 Used Car Market Forecast for Independent Dealers in Europe by Value
3.5 Europe Used Cars Market Value by Country
3.6 Europe Used Car Finance Market by Country
3.7 Europe Used Car Market by Volume
3.8 Europe Used Cars Market Forecast by volume
3.9 Europe Used Cars Market Size by Type
3.9.1 Europe C2C Used Cars Market Forecast by Volume
3.9.2 Europe B2C Used Cars Market Forecast by Volume
3.10 Europe Used Cars Market Size 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 Increase in car ownership
5.1.3 Expansion of urbanization
5.1.4 Increasing Internet penetration
5.1.5 Significant depreciation of new cars
5.2 Key Trends and Developments
5.2.1 Escalating demand for affordable used cars
5.2.2 Accelerated Switch to Online Purchase
5.2.3 Technological advances
5.2.4 Reduced Rates for Motor Insurance Premiums
5.3.1 Fluctuating used car prices
5.3.2 High maintenance and service costs
5.3.3 Lack of standardization and disorganized regulations
6. Competitive Landscape
6.1 European Market
6.1.1 Europe Used Cars Market Share by Major Players
7. Company Profiles
- Penske Automotive Group, Inc.
- Lookers PLC
- Pendragon PLC
- AUTO1 Group SE
- Emil FreyAG
- Autorola Group
For more information about this report, visit https://www.researchandmarkets.com/r/b8mial