Used Car Market (by Type, Sales Channel & Country) in Europe (ex-UK):Insights & Forecast (2021-2025)
The competitive landscape of the market, along with the company profiles of leading players (Penske Automotive Group, Inc., Lookers PLC, Pendragon PLC, AUTO1 Group SE, Emil Frey AG and Autorola Group) are also presented in detail.
By: Koncept Analytics
Europe used car market has been segmented on the basis of type and sales channel. In terms of type, Europe used car market can be bifurcated into B2C (business-to-
The fastest growing market in the region is Germany due to escalating demand for affordable used cars owing to their low price and excellent condition, increasing number of online used car companies in the country, rapid expansion of used car dealerships, availability of used car financing and insurance options and mounting penetration of internet enabling the availability of information of the used car resulting in growing customer inclination towards used car. Further, the sudden outbreak of COVID-19 has created an unfavorable impact on the market as the great lockdown has halted various industrial activities, causing supply chain disruption and travel restrictions, thus, affecting the demand in the used car sector.
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