Sourcing of Used Car from Car Rental Companies coupled with Availability of Financing Options has been driving the used car space in Italy: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit “Amplified demand for young used cars and the shift towards the E-commerce sales channel have driven the growth of the used car market in Italy.” Shift from Traditional Sales Channel to E-commerce Channel: Italy is witnessing a growth in the listing of a used car on the online platforms by dealers as well as private individuals. The car buyers’ are now more aware and informed about the used car industry owing to which they research the use of cars online before they make a decision to purchase a particular brand. Also, as the companies list their used cars online along with the purchase price, it becomes easier for the buyer to compare the best possible options with its price and specifications. The immediacy of use, the ability to quickly find what the customers are looking for and to have access to a wider offer compared to traditional channels are the main reasons which drive a customer to look for a used car online. Analysts at Ken Research in their latest publication “Italy Used Car Market Outlook to 2023 – Led by Surge in Demand for Used Cars Backed by Improved Quality and Inspection of Used Cars” believe that the used cars industry in Italy has been growing and is expected that it will expand further owing to the used cars entering the market from car rental companies, the surge in demand for young used cars, the entrance of used car dealerships in the country, better services provided by the dealerships such as car financing, insurance, inspection and others, the rising number of online used car companies and others. The market is expected to register a positive CAGR of 3.9% in terms of sales volume of used cars and 6.0% in terms of Gross Transaction Value (GTV) during the forecast period 2018-2023F. A surge in the sourcing of used cars from Rental companies: The private customers have developed an interest in the used cars provided by the rental companies owing to the certified documentation provided by these rental companies on the used cars. The sale of used cars to private customers was witnessed to increase in the past few years. The car rental companies have also increased the purchase of a used car in Italy. The used car allows cheaper rental offers, becoming more and more an affordable and appreciated option. Some of the main market players, such as LeasePlan or Arval, have begun to take advantage of the opportunities that used car represents. Cars that left the NLT (Northern Light Technologies) park in the first quarter of 2018 were distributed 7% to individuals, 11% exported and 79% to dealers. Accessibility of Financing options: Companies operating through organized channels have tie-ups with banks and related financial institutions, thereby providing their customers with added financial assistance. As a result, leading to increased used car sales in Italy. Italy used car dealerships were not providing the financing options in the past few years as their primary focus was on the sale of the used car, owing to which the customers had to finance their used cars from banks which charged a huge interest rate. With the availability of car financing options at the dealerships over the years has eased the purchase of a used car in Italy for the customers. Key Segments Covered:- By Type of Market Structure: Organized Market Multi-brand Dealerships OEM Certified Dealerships Unorganized Market Customer to Customer Online Sales Local Dealers By Car Make: Fiat Volkswagen Renault Ford BMW & Mini Opel Mercedes Audi Toyota Citroen Nissan Skoda Others (Peugeot, Jeep, Dacia, Hyundai, Lancia, Kia, Alfa Romeo, Suzuki, MCC, Mini, Seat, Volco, Land Rover, Mazda, Jaguar, Honda, Mitsubishi, Porsche, Subaru, Maserati, Ssangyong, Dr, Mahindra, Ferrari, Lotus, Lada and rest) By Year of Ownership: <2000 2000-2002 2003-2005 2006-2008 2009-2012 2013-2018 By Kilometers Driven: Less than 5,000 5,000-20,000 20,000-50,000 50,000-80,000 80,000-120,000 Above 120,000 By Type of Used Cars: Economy/Hatchback MPV’s/Sedan SUV’s Key Target Audience 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 Time Period Captured in the Report:- Historical Period – 2013-2018 Forecast Period – 2019-2023 Companies Covered:- Online Dealerships: True Car Autoscout24 Bakeca.it Alvolante.it Autorola Marketplace Cargurus Offline Dealerships: Auto Torino Denicar FCA Birindelli Auto Srl Mocautogroup GoodBuyAuto Autoquattro Schiatti Car Srl Auto 500 Key Topics Covered in the Report:- Italy Used Car Market Overview and Genesis Italy Used Car Market Supply Chain Business Model Prevalent in Italy Offline Used Cars Market Italy Used Car Market Size by GTV and Sales Volume Italy Used Car Market Segmentation Snapshot on Italy Used Car Auction Market Government Regulations in Italy Used Car Market Trends and Development in Italy Used Car Market Issues and Challenges in Italy Used Car Market Snapshot on Italy Online Used Cars Market Competition Scenario in Italy Offline Used Cars Market Italy Used Car Market Future Outlook and Projections, 2019-2023F Analyst recommendations Success Case Studies in India Used Car Market-OLX For More Information On The Research Report, Refer To Below Link:- Italy Used Car Industry Outlook Related Reports by Ken Research:- Malaysia Used Vehicle Market Outlook to 2025 – By Type of Distribution Channel (Organized and Unorganized Dealers), By Mode of Selling (Online and Dealership Walk-Ins), By Type of Vehicle (Sedans, Hatchback, SUVs, MPVs, LCV and others), By Vehicle Age(0-3 years, 3-5 Years, 5-8 Years and More than 8 years), By Brand (Perodua, Toyota, Honda, Proton, Nissan and Others) Indonesia Used Car Market Outlook to 2023 – Rising Popularity of Online Platforms and Reduction in Average Ownership Period to Drive Used Car Sales Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Auctioning Revenue of Used Cars in Italy, Autorola Marketplace Italy Market Analysis, Average Car Sale Per Branch Yearly In Italy, Average price of used car Italy, Bakeca.it Used Car Market Future Italy, Best Selling Used 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