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)
Region:Europe
Product Code:KROD75
December 2022
70
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.
Competitive Landscape
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.
Future Outlook
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.
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
Scope of the Report
|
By Type of Market Structure |
Organized Channel Unorganized Channel OEM Certified Franchise Dealers Multi Brand Dealers DDSA C2C Transaction Local Dealership Auction Companies |
|
By Type Of Car |
Sedan Hatchback SUV Van Crossover Others |
|
By Age of Vehicle |
0-2 years 2-4 years 4-6 years 6-8 years 8-10 years More than 10 years |
|
By Kms Driven and Type of Fuel Engine |
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 |
Products
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
Companies
Major Companies Profiled in the Report
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
Table of Contents
1. Executive Summary
2. France Used Cars Market Overview
2.1 Taxonomy of the France Used Cars Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for the France Used Cars Market
2.5 Growth Drivers of the France Used Cars Market
2.6 Issues and Challenges of the France Used Cars Market
2.7 Impact of COVID-19 on the France Used Cars Market
2.8 PESTLE/SWOT Analysis
3. France Used Cars Market Size, 2017 – 2022
4. France Used Cars Market Segmentation
4.1 By Car Age, 2017 - 2022
4.2 By Car Type, 2017 - 2022
4.3 By Regional Split (North/East/West/South/Central), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3.1 Aramisauto
5.3.2 Autoscout24
5.3.3 La Centrale
5.3.4 Paru Vendu
5.3.5 Leboncoin
5.3.6 BYmyCAR
5.3.7 Auto-selection
6. France Used Cars Future Market Size, 2022 – 2027
7. France Used Cars Future Market Segmentation
7.1 By Car Age, 2022 - 2027
7.2 By Car Type, 2022 - 2027
7.3 By Regional Split (North/East/West/South/Central), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
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.
Frequently Asked Questions
01 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.
02 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.
03 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.
04 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.
05 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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