France Used Cars Market Outlook to 2027
Segmentation by Market Structure (Organized and Unorganized Market); by Type of Used Cars (MPVs / Sedan, Economy / Hatchbacks and SUVs); By Brand (Renault, Peugeot, Citroen, and others)
- Slides: 80
- December 2022
- Total Views:1730
- Region : Europe
- Ken Research
- On-Demand Report
About the Report
About the Report
France used car market was valued at USD ~ Billion in 2021, and it is expected to reach a value of USD ~ billion by 2027, registering a CAGR of ~% during the forecast period (2022 - 2027). Amid the COVID-19 pandemic-associated lockdown, the demand for used cars witnessed a halt in sales for the first half of the year 2020. However, since the second half of the year 2020, the demand for used vehicles started to pick the pace and continued until 2021. The prolonged waiting period for new vehicles encouraging a large number of customers across the country to opt for used vehicles, which is likely to drive the market growth during the forecast period.
Over the medium term, factors such as rising income levels, increased demand for luxury vehicles, shorter car ownership periods, brisk import-export activity, and a growing consumer preference for small and compact vehicles are expected to contribute to the market's expansion of France used car market. Some of the other reason for this rapid growth is the entry of organized players into the market, which has addressed the trust deficit that has plagued the used car market for many years.
- France used car market is at a late growth stage along with single-digit CAGR in terms of sales volume during the year 2018.
- Amid the COVID-19 pandemic-associated lockdown, the demand for used cars witnessed a halt in sales for the first half of the year 2020. However, since the second half of the year 2020, the demand for used vehicles started to pick the pace and continued until 2021
- In 2021, more than six million cars have changed hands in a single year.
- The prolonged waiting period for new vehicles encouraging a large number of customers across the country to opt for used vehicles, which is likely to drive the market growth during the forecast period.
Key Trends by Market Segment
By Type of Used Car (MPVs / Sedan, Economy / Hatchbacks and SUVs): Sedans have the highest market share followed by SUV and Hatchback in the year 2018. This is due to Sedans offer better space, practicality and in some cars, a better resale value.
By Market Structure (Organized and Unorganized Market): The unorganized used car market is leading in France owing to the ease of buying and selling processes involved in the used car market. It has been observed that the major transactions happen between private sellers or individuals in the country.
France used car market was observed to be highly fragmented along with the presence of multiple outlets of the dealerships in the used car space. Gueudet, BYmyCAR, Bernard Automobiles, Car Avenue and many others are few major companies in the online and offline used car market. These market players compete on the basis of a number of networks, marketing initiatives, certification, margins, price, after-sales, lead generation, warranty types, brand partnerships and a number of dealers associated with the dealer group.
The France Used Car market is forecasted to continue exponential growth after the outbreak of COVID-19 pandemic worldwide. One of the main trends driving market expansion is the need for a personal automobile by people, particularly in the aftermath of the covid-19 pandemic's spread across countries. Though the market is fragmented competitive with a few niche players control the dominant share.
Scope Of The Report
Scope of the Report
By Type of Market Structure
By Type Of Car
By Age of Vehicle
By Kms Driven and Type of Fuel Engine
Key Topics Covered in the Report
- Introduction to France Used Car Market
- France Used Car Market Size, 2017-2022
- France Used Car Market Segmentation
- Trends and Developments in France Used Car Market
- Issues and Challenges in France Used Car Market
- Used Car Market Supply Chain
- France Used Car Auction Market
- Online Comparative Landscape in France Used Car Market
- Offline Comparative Landscape in France Used Car Market
- Government Regulations in France Used Car Market
- Business Model in Online Used Car /Market
- Working Model in France Used Car Market
- Case Study- Dutch Renault Dealer Group- How To Sell Off The Old Stock In The Inventory?
- France Used Car Market Future Outlook and Projections, 2023-2027F
- Analyst Recommendation for France Used Car Market
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Offline Dealers
- Online Portal
- Organized Multi Brands Dealers
- OEM Certified Dealerships
- Online Portal
- Private Equity and Venture Capitalist
- Industry Associations
- OEM Manufacturers
- Automotive Manufacturers
- Car Auction Companies
- Car manufacturing Companies
- Tourism Agencies
- Government Bodies & Regulating Authorities
Period Captured in the Report
- Historical Period: 2017-2021
- Base Period: 2022
- Forecast Period: 2023-2027F
Major Companies Profiled in the Report
Online Companies Covered:
- La Centrale
- Paru Vendu
Offline Companies Covered:
- Emil Frey France
- Bernard Automobiles
- Car Avenue
- Jean Rouyer Automobiles
Table of Contents
Table of Contents
1. Executive Summary
2. Research Methodology
2.1. Market Definitions
2.3. Market Size and Modeling
2.4. Consolidated Research Approach
2.5. Market Sizing Approach–France Used Car Market
2.6 Sample Size Inclusion Table
2.8. Final Conclusion
3. France Used Cars Market Overview and Genesis
4. France Used Car Market Ecosystem
5. Business Model for France Used Car Market
5.1. Offline Used Car Dealerships
5.2. Working Model of Used Car DealershipsTransfer of Ownership
6. France Used Car Market Size by GTV & Sales Volume, 2017-2022
6.1. By GTV and Sales Volume, 2017-2022
7. France Used Car Market Segmentation
7.1. Market Structure (Organized and Unorganized), 2022
7.1.1. By Organized Used Car Market (Multi-Brand Dealerships and OEM- Certified Dealerships), 2022
7.1.1. By Unorganized Sales Channels (Local Dealership and C2C), 2022
7.1.2. By Lead Generation (Dealership Walk-ins and Online), 2022
7.2. By Type of Used Car (MPVs/Sedans, Economy/Hatchbacks and SUVs), 2022
7.3. By Kilometers Driven (Less than 5,000 km, 5,000-20,000 km, 20,000-50,000 km, 50,000-80,000 km, 80,000-120,000 km and Above 120,000 km), 2022
7.4. By Ownership Period (Less than 6 Years, 6 – 10 Years, 11 – 15 Years and More than 16 Years), 2022
7.5. By Car Make (Renault, Peugeot, Citroen, Volkswagen, Audi, Ford, BMW, Mercedes, Opel, Nissan and others), 2022
7.6. By Fuel Type (Diesel, Gasoline, Hybrid and Others), 2022
8. Snapshot on France Used Car Auction Market
8.1. Dealer auctions
8.2. Dynamic Auctions
8.3. Blind Auction
9. Government Regulations in France Used Car Market
10. Trends and Development in France Used Car Market
Surge In Online B2c Used Car Sales In France
Transition From Diesel to Petrol
Forward Integration and Digitalization
10.1. Growth Drivers of Used Cars Market
Criteria in the Used Car Market
11. Issues and Challenges in France Used Car Market
Increasing demand for car-sharing services
High Ageing Used Car Stock in France
Impact of the Regulations on the Used Cars
12. Snapshot on France Online Used Cars Market
12.1. Overview and Genesis for Online Used Cars Market
12.2. Online Used Car Market Business Model
12.3. Cross Comparison of Major Online Used Car Portals
12.4. Company Profile of Major Online Portals in France Used Car Market
12.4.3. La Centrale
13. Competition Scenario in France Offline Used Cars Market
13.1. Cross Comparison Between the Major Used Car Dealers in France (New Car Sales, Used Car Sales, Branches and Revenue)
13.2. Company Profile of Major Offline Dealerships in France Used Car Market
13.2.1. Emil Frey France
13.2.4. Bernard Automobile
13.2.5. Car Avenue
13.2.7. Jean Rouyer Automobiles
14. France Used Car Market Future Outlook and Projections, 2022-2027F
14.1. Market Structure (Organized and Unorganized), 2022 and 2027F
14.2. By Organized Sales Channels (Multi-Brand Dealerships And Oem Certified Dealerships) and Unorganized Sales Channels (Customer to Customer and Local Dealerships), 2022 and 2027F
14.3. By Lead Generation (Dealership Walk-ins and Online), 2022 and 2027F
15. Analyst Recommendations for France Used Cars Market
Suggestion 1: Trust-Inducing Initiatives
Suggestion 2: Securing the Transaction
Suggestion 3: Transparency in Sales.
Suggestion 4: Strengthen the Marketing and Promotion Strategies
Suggestion 5: Increasing Channel Competition
16. Case Study- Dutch Renault Dealer Group
Step 1: Identifying Key Variables: Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step 2: Market Building: Collating statistics on used car and new car over the years, penetration of car finance and down payment ratio to compute overall credit disbursed for cars. We will also review central bank statistics to understand credit disbursed and outstanding amount which can ensure accuracy behind the data points shared.
Step 3: Validating and Finalizing: Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output: Our team will approach multiple finance providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from car finance providers.For any queries related to research methodology, click here to schedule a call with our analysts
Frequently Asked Questions
Frequently Asked Questions
What is the Study Period of this Market Report?
The France Used Car Market is covered from 2017-2027 in this report, which includes a forecast for the period 2023-2027.
What is the Future Growth Rate of the France Used CarsMarket?
The France Used Cars Market is expected to witness a CAGR of about 4% over the next 5 years.
What are the Key Factors Driving the France Used Cars Market?
The increasing technological advancement like introduction of online players and introduction to EV models.
Which is the Largest Car type segment within the France Used Cars Market?
Sedans segment held the largest market share of the France Used Cars market in 2021.
Who are the Key Players in France Used Cars Market?
Aramisauto, Autoscout24, La Centrale, Emil Frey France, Geudet, BYmyCAR, Bernard Automobiles, Car Avenue.
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