Europe and South America Used Car Market - Industry Trends and Forecast to 2030
The Europe used car market is expected to reach USD 639,011.39 million in 2030 from USD 397,976.56 million in 2022, growing at a CAGR of 6.4% in the forecast period of 2023 to 2030.
The South America used car market is expected to reach USD 99,146.78 million in 2030 from USD 72,686.50 million in 2022, growing at a CAGR of 4.1% in the forecast period of 2023 to 2030.
Market Segmentation:
Europe and South America Used Car Market, By Vendor Type (Organized, and Unorganized), Propulsion Type (Petrol, Diesel, Electric, LPG, and CNG), Engine Capacity (Small (Below 1499 CC), Mid-Size (1500-2499 CC), and Full Size (Above 2500 CC)), Dealership (Franchised, Independent), Vehicle Type (SUV, Sedan, Crossover, Coupe, Hatchback, MPV, Convertible, Sports Cars, and Others), Pricing Category (High (More than USD 20,000), Medium (USD 5501-USD 20000), and Low (Less than USD 5500), By Sales Channel, (Offline, Online), Europe and South America By Country, (Germany, U.K., France, Italy, Spain, Russia, Poland, Netherlands, Belgium, Switzerland, Denmark, Finland, Sweden, Norway, Turkey, Rest of Europe, Brazil, Argentina and Rest of South America ) - Industry Trends and Forecast to 2030
Overview of Europe and South America Used Car Market Dynamics
Driver
• Increase in transparency and symmetry of information between dealers and customers
Restrain
Stringent government regulations for car dealers
Opportunity
• Increasing collaboration and partnerships among market players
Challenge
• Inclination of OEMS (original equipment manufacturers) in the sale of only new car
Market Players:
Some of the major players operating in the Europe and South America used car market are:
• AUTO1 Group
• Grupo Sinal
• Unidas
• Alibaba Group Holding Limited
• KAVAK
• OLX GROUP
• SALFA
• Webmotors SA
• HELLMAN & FRIEDMAN LLC
• AUTONIZA
• Seminuevos.com
• leboncoin
• Penske Automotive Group, Inc.
• Lookers PLC
• PENDRAGON
• Emil Frey AG
• Group1 Automotive, Inc.
• Arnold Clark Automobiles Limited
• Gottfried Schultz Automobile Trading SE
• Auto Trader Group plc.
• mobile.de GmbH
• Gumtree.com Limited