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France Used Car Market Outlook to 2023

Surge in Demand for Rental Cars Backed by Increased Online Used Car Sales

Region:Europe

Author(s):Pritha Koley

Product Code:KR922

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Published On

November 2019

Total pages

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About the Report

Click Here for Updated Report on France Used Cars Market Outlook to 2027

The report titled "France Used Car Market Outlook to 2023 – Surge in Demand for Rental Cars Backed by Increased Online Used Car Sales" provides a comprehensive analysis of the used car market in France. The report focuses on overall market size in terms of sales volume of used cars; France used car market segmentation by Market Structure (Organized and Unorganized Market); Channel based on Organized Market (Multi-brand Dealers and OEM-Certified Dealers); Channel based on Unorganized Market (C2C and Local Dealers); Lead Generation (Dealer Walk-ins and Online Portals); By Car Make (Renault, Peugeot, Citroen, Volkswagen, Audi, Ford, BMW, Mercedes, Opel, Nissan and others); Ownership Period (Less than 6 Years, 6 – 10 Years, 11 – 15 Years and More than 16 Years); 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); Type of Used Cars (MPVs / Sedan, Economy / Hatchbacks and SUVs); and Fuel Type (Diesel, Gasoline, Hybrid and Others). The report also covers the overall comparative landscape, trends and growth drivers, issues and challenges, market share in terms of sales volume and government regulations. The report concludes with future projections and analyst recommendations highlighting the major opportunities and cautions.

Market Overview and Size

France used car market is at a late growth stage along with single-digit CAGR in terms of sales volume during the year 2018. Factors such as increased online penetration by the dealership companies, availability of the financing and insurance options make it convenient and easy for the customers and provide a pleasant experience to the buyers of the used car. A shift from a traditional sales channel to an E-commerce channel, a surge in the demand for younger used cars and others have helped the used car industry to grow in France in terms of sales volume.

Market Segmentation

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.

By Organized Market (Multi-brand Dealerships and OEM Certified Dealerships): The multi-brand dealerships recorded a larger market share in the organized used car market owing to the fact that the multi-brand used car dealers have various brands and models available with them and the consumers have the choice of comparing and then purchasing the used cars. Additionally, the organized used car dealers have a larger geographical presence in the country which allows them to tap a larger market share of the country.

By Unorganized Used Car Market (C2C, Online Sales and Local Dealers): The Customer to customer segment dominated the unorganized used car market with a significant market share in the country followed by online sales and local Dealerships. The customer to customer is preferred by the French people as they find the used car buying process quite complicated and expensive from a dealership.

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 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): Pre-owned cars falling in the range of 20,000-80,000 km driven dominated France used cars market in terms of sales volume in the year 2018. Further, used cars falling in the range of 80,000-120,000 km and above have grabbed the second highest market share and others.

By Ownership Period (Less Than 6 Years, 6 – 10 Years, 11 – 15 Years And More Than 16 Years): The used cars which are less than 6 years old have captured the major market share in the French used car market. The least market share is of those used cars aged more than 16 years in the country.

By Car Make (Renault, Peugeot, Citroen, Volkswagen, Audi, Ford, BMW, Mercedes, Opel, Nissan And Others):The most preferred used car brands in France were observed to be Renault, Peugeot, Citroen, and other brands, owing to the fact that the market share of the new car sales of these brands are high due to which customers have established a trust factor with these brands. Moreover, these brands have huge networking across the country to make sure that they are at a reachable distance from the customers.

Comparative Landscape of France Used Car Market

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 the 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.

France Used Car Market Future Outlook and Projections

In the future, it is anticipated that France used the car market in terms of GTV and sales volume will increase at a positive CAGR during the forecast period 2019–2023 due to an increased number of dealerships and more lead generations through the online portals. The new entrants in the used car market in France are contributing to the growth of this industry. In addition, the availability of the financing and insurance options makes it convenient and easy for the customers and also provide a pleasant experience to the buyers of the used car. The implementation of the government policies for low emission zones and other regulations may have a slight negative impact on the used car market. However, the simplification of the procedure for purchasing a used car would also contribute in the growth of the used car market in the next few years.

Key Topics Covered in the Report

Introduction to France Used Car Market
France Used Car Market Size, 2013-2018
France Used Car Market Segmentation, 2018
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, 2018-2023
Analyst Recommendation for France Used Car Market

Products

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

Companies

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

1. Executive Summary

2. Research Methodology

2.1. Market Definitions

2.2. Abbreviations

2.3. Market Size and Modeling

2.4Consolidated Research Approach

2.5Market Sizing Approach–France Used Car Market

2.6Sample Size Inclusion Table

2.7Limitations

2.8Final Conclusion

2.9Variables Dependent and Independent

2.10Multifactor based Sensitivity Model

2.11Regression Matrix

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 Dealerships

5.3Transfer of Ownership

6. France Used Car Market Size by GTV & Sales Volume, 2013-2018

6.1. By GTV and Sales Volume, 2013-2018

7. France Used Car Market Segmentation

7.1. Market Structure (Organized and Unorganized), 2018

7.1.1. By Organized Used Car Market (Multi-Brand Dealerships and OEM- Certified Dealerships), 2018

7.1.1. By Unorganized Sales Channels (Local Dealership and C2C), 2018

7.1.2. By Lead Generation (Dealership Walk-ins and Online), 2018

7.2. By Type of Used Car (MPVs/Sedans, Economy/Hatchbacks and SUVs), 2018

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), 2018

7.4. By Ownership Period (Less than 6 Years, 6 – 10 Years, 11 – 15 Years and More than 16 Years), 2018

7.5. By Car Make (Renault, Peugeot, Citroen, Volkswagen, Audi, Ford, BMW, Mercedes, Opel, Nissan and others), 2018

7.6. By Fuel Type (Diesel, Gasoline, Hybrid and Others), 2017

8. Snapshot on France Used Car Auction Market

8.1Dealer auctions

8.2Dynamic Auctions

8.3Blind Auction

8.4Target Auction

8.5Buy Now Auction

8.6Fleet auctions

8.7Manufacturer auctions

9. Government Regulations in France Used Car Market

10. Trends and Development in France Used Car Market

10.1Surge In Online B2c Used Car Sales In France

10.2Transition From Diesel to Petrol

10.3Forward Integration and Digitalization

10.4 Growth Drivers of Used Cars Market

10.5Criteria in the Used Car Market

11. Issues and Challenges in France Used Car Market

11.1Increasing demand for car-sharing services

11.2High Ageing Used Car Stock in France

11.3Impact 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, 2018

12.4. Company Profile of Major Online Portals in France Used Car Market

12.4.1. AramisAuto

12.4.2. AutoScout24

12.4.3. La Centrale

12.4.4. Paru Vendu

12.4.5. Leboncoin

12.4.6. BYmyCAR

12.4.7. Auto-Selection

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), 2017-2018

13.2. Company Profile of Major Offline Dealerships in France Used Car Market

13.2.1. Emil Frey France

13.2.2. Gueudet

13.2.3. BYmyCAR

13.2.4. Bernard Automobile

13.2.5. Car Avenue

13.2.6. Maurin

13.2.7. Jean Rouyer Automobiles

14. France Used Car Market Future Outlook and Projections, 2019-2023F

14.1. Market Structure (Organized and Unorganized), 2023F

14.2. By Organized Sales Channels (Multi-Brand Dealerships And Oem Certified Dealerships) and
Unorganized Sales Channels (Customer to Customer and Local Dealerships), 2023F

14.3. By Lead Generation (Dealership Walk-ins and Online), 2023F

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

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