European $950+ Billion Used Car Market to 2025 - Escalating Dema

European $950+ Billion Used Car Market to 2025 - Escalating Demand for Affordable Used Cars / Accelerating Shift towards Online Buying / Technological Advancements / Reduced Rates for Car Insurance

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SOURCE Research and Markets

DUBLIN, July 27, 2021 /PRNewswire/ -- The "Used Car Market (by Type, Sales Channel & Country) in Europe (ex-UK): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has been added to ResearchAndMarkets.com's offering.

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The European used car market is predicted to reach US$960.98 billion in 2025, progressing at a CAGR of 5.27% over the period spanning 2021-2025.

Factors such as growing population, increasing car ownership, expanding urbanization, mounting penetration of the 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.

The European used car market has been segmented on the basis of type and sales channel. In terms of type, the European used car market can be bifurcated into B2C (business-to-consumer) transactions, B2B (business-to-business) transactions and financing. 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, the increasing number of online used car companies in the country, the rapid expansion of used car dealerships, the availability of used car financing and insurance options and the mounting penetration of the internet enables the growing customer inclination towards used cars.

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.

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 Topics Covered:

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 Business Overview
7.2 Financial Overview
7.3 Business Strategies

  • AUTO1 Group SE
  • Autorola Group
  • Emil Frey AG
  • Lookers PLC
  • Pendragon PLC
  • Penske Automotive Group, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/9epb07

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