France Used Car Market | France Used Car Industry: Ken Research

What Is The Competition Scenario In The France Used Car Market?

The competition in France used car market has been observed to be highly fragmented with a huge number of used car dealerships present in the France market. The OEM-certified dealers and multi-brand dealers make up the organized space in the used car market which accounts for around ~ % of the market share in 2018. The online website is more prevalent in the organized sectors for lead generation as compared to the unorganized sectors. The local dealers and the individual seller’s together form the unorganized space in the overall used car market in France, which accounts for approximately ~ % market share in the country, 2018. Competition in tier two and tier three cities is comparatively low in comparison to metropolitan cities of France. There are many local dealers, small garages and many individual sellers which form the unorganized space, constituting approximately ~ % in the used car market in France.

Most of the lead generation of the used car is contributed from the offline dealership stores. About ~ % of the used car sales are being generated from the offline stores and only ~ % lead is generated from the online websites of the used cars.France Used Car Market

Parameters on the basis of which the used car dealerships compete are a number of network chains, marketing initiatives, certification, margins, price, after-sales services, lead generation, and types of warranty, brand partnerships and a number of dealers.

France Online Used Cars Market

The online used car portals have a brighter future in the France market as the process of bidding in an auction is hazel free and is convenient for the consumer. Key recent developments in the used car market include forward integration and digitization.

France Used Car Market Future Outlook and Projections

In the future, it is anticipated that France Used Car market in terms of GTV will increase at a single double-digit CAGR during the forecast period 2019–2023. The used car space is projected to increase due to the increased number of dealerships, and more number of lead generations through the online portals. With the increasing population in the country and increased freedom given to the youth of the country, it is expected that the Hatchback or MUV’s will face huge transactions in the coming five years. The used cars sales volume is expected to augment to ~ Million in 2023E from ~ million used car sales volume in 2019. This increase will be possible due to increasing penetration of Hatchback (superminis) in the used car market in France.

The availability of the financing and insurance options makes it convenient and easy for the customers and provides a pleasant experience to the buyers of the used car. The increasing presence of online auto portals will ease transactions, causing higher C2C sales of used cars in the future. Therefore, the used car market is expected to remain strong in the coming future in the country as compared to the new car sales. The growth in the used car market is owing to the fact that there will be new entrants in France and the existing brands will grow their footprint across the whole nation.

Key Segments Covered:-

Market Structure

Organized Sector

By Sales Channel (Multi-Brand Dealers and OEM-certified Dealers)

By Lead Generation (Dealerships Walk-ins and Online Car Portals)

Unorganized Sector

By Sales Channel (C2C and Local Dealerships)

By Lead Generation (Dealerships Walk-ins and Online Car Portals)

Type of Used Cars

MPVs / Sedans

Economy / Hatchbacks

SUVs

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

Above 120,000 km

Ownership Period

< 6 Years

6 to 10 Years

11 to 15 Years

> 16 Years

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 – 2018-2023F

Online Companies Covered:-

Aramisauto

Autoscout24

La Centrale

Paru Vendu

Leboncoin

BYmyCAR

Auto-selection

Offline Companies Covered:-

Emil Frey France

Geudet

BYmyCAR

Bernard Automobiles

Car Avenue

Maurin

Jean Rouyer Automobiles

Key Topics Covered in the Report:-

France Used Car Market

Best Selling Used Cars Market in France

Car Avenue Offline Market Analysis

Car parc Market France

Commission in used car market France

Emil Frey France Used Car Market Growth Rate

France Audi Used Car Market Share

Used Car financing Market France

Used Car Market Competition in France

Used Cars for Sale in France

For Information Click On the Below Mentioned Link:-

France Used Car Market Outlook

Related Reports by Ken Research:-

UK Used Car Market Outlook to 2023 – Market Structure (Organized and Unorganized Market); Type of Used Cars (MPVs / Sedan, Economy / Hatchbacks and SUVs); 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); By Year of Manufacture (< 2000, 2000-2002, 2003-2005, 2006-2008, 2009-2012 and 2013-2018); and By Car Make (Toyota, Ford, Nissan, Volkswagen, Vauxhall, BMW, Honda, Kia, Lexus, Renault and Others)

Germany Used Car Market Outlook to 2023 – Surge in Multi-Brand Dealerships Coupled with Improved Quality and Inspection of Used Cars to boost Used Cars Market

Italy Used Car Market Outlook to 2023 – Led by Surge in Demand for Young Used Cars Coupled with Improved Quality and Inspection of Used Cars

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

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