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European Used Car Growth Opportunities
Value-add Services Emerge as Purchase Drivers to Combat the High Prices of Used Cars
30-Jun-2022
Europe
Market Research
PC8D-01-00-00-00
AU02347-EU-MT_26617
After facing a challenging period in 2020, with isolation measures and economic difficulties due to the COVID-19 pandemic, Europe has started getting back to normal. However, although vaccination rates have advanced, some markets are still in crisis. The automotive market, for example, has not recovered to usual levels of new car sales. Global microchip shortages and the current war between Russia and Ukraine have affected car production and stimulated the second-hand car market. The rising demand also impacted the average price of used cars, which increased in 2021 in Europe. In 2021, 32.7 million second-hand cars were sold in Europe (considering the 11 countries in the scope of the study), and 3 countries (the United Kingdom, Germany, and France) accounted for 61.2% of the sales.
In western Europe, digital transactions are expected to increase, including for used car sales. In eastern Europe, the need for trustworthy technical car inspection companies is expected to drive market growth. This Frost & Sullivan research service provides a comprehensive outlook of the used car market in Europe and offers meaningful insight for automotive companies wishing to explore this unique and competitive market.
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Used Car Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Regional Segmentation
Key Competitors
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
Used Car Sales Forecast
Used Car Sales Forecast by Region
Used Car Sales Forecast by Country
Sales Forecast Analysis
Sales Forecast Analysis by Region
Pricing Trends and Forecast Analysis
Competitive Environment
Trends
The Impact of Legislation on the Used Car Market
Value Chain Analysis
Online Used Car Market
Macroeconomic Indicators
Key Online Platforms—AUTO1 Group
Key Online Platforms—AutoScout24
Key Online Platforms—Cazoo
Key Online Platforms—Reezocar
Key Online Platforms—Carvago
Key Used Car Dealers—Arnold Clark
Key Used Car Dealers—Lookers
Key Used Car Dealers—Louwman Group
Key OEM Certified Pre-owned (CPO) Programs
Key OEM CPO Program—Renault
Key OEM CPO Program—Renault (continued)
Key OEM CPO Program—Volkswagen
Key OEM CPO Program—Volkswagen (continued)
Key OEM CPO Program—Volkswagen (continued)
Key OEM CPO Program—Ford
Key OEM CPO Program—Ford (continued)
Key OEM CPO Program—Peugeot, Citroen, and Opel
Key OEM CPO Program—Peugeot, Citroen, and Opel (continued)
Key OEM CPO Program—Peugeot, Citroen, and Opel (continued)
Growth Metrics—Western Europe
Used Car Sales Forecast—Western Europe
Used Car Sales Forecast by Country—Western Europe
Forecast Analysis—Western Europe
Market Characteristics—United Kingdom
Market Characteristics—United Kingdom (continued)
Market Characteristics—United Kingdom (continued)
Market Characteristics—Germany
Market Characteristics—Germany (continued)
Market Characteristics—Germany (continued)
Market Characteristics—France
Market Characteristics—France (continued)
Market Characteristics—France (continued)
Market Characteristics—Italy
Market Characteristics—Italy (continued)
Market Characteristics—Italy (continued)
Market Characteristics—Spain
Market Characteristics—Spain (continued)
Market Characteristics—Spain (continued)
Market Characteristics—Netherlands
Market Characteristics—Netherlands (continued)
Market Characteristics—Netherlands (continued)
Market Characteristics—Belgium
Market Characteristics—Belgium (continued)
Market Characteristics—Belgium (continued)
Growth Metrics—Eastern Europe
Used Car Sales Forecast—Eastern Europe
Used Car Sales Forecast by Country—Eastern Europe
Forecast Analysis—Eastern Europe
Market Characteristics—Poland
Market Characteristics—Poland (continued)
Market Characteristics—Poland (continued)
Market Characteristics—Hungary
Market Characteristics—Hungary (continued)
Market Characteristics—Hungary (continued)
Market Characteristics—Czech Republic
Market Characteristics—Czech Republic (continued)
Market Characteristics—Czech Republic (continued)
Market Characteristics—Slovakia
Market Characteristics—Slovakia (continued)
Market Characteristics—Slovakia (continued)
Growth Opportunity 1—Selling Valued-added Services for Late-model Used Vehicles
Growth Opportunity 1—Selling Valued-added Services for Late-model Used Vehicles (continued)
Growth Opportunity 2—Online Transactional Business Model for Used Cars Sales
Growth Opportunity 2—Online Transactional Business Model for Used Cars Sales (continued)
Growth Opportunity 3—Trustworthy Technical Car Inspection Companies for Eastern European Customers
Growth Opportunity 3—Trustworthy Technical Car Inspection Companies for Eastern European Customers (continued)
Your Next Steps
Why Frost, Why Now?
Abbreviations and Acronyms Used
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- Used Cars: Growth Metrics, Europe, 2021
- Used Cars: Growth Drivers, Europe, 2022 2027
- Used Cars: Growth Restraints, Europe, 2022 2027
- Used Cars: Sales Forecast, Europe, 2017 2027
- Used Cars: Sales Forecast by Region, Europe, 2017 2027
- Used Cars: Sales Forecast by Country, Europe, 2017 2027
- Used Cars: Competitive Environment, Europe, 2021
- Used Cars: The Impact of Legislation, Europe, 2021
- Used Cars: Value Chain Analysis, Europe, 2021
- Used Cars: Macroeconomic Indicators, Europe, 2021
- Used Cars: Renault CPO Program, Europe, 2021
- Used Cars: Volkswagen CPO Program, Europe, 2021
- Used Cars: Ford CPO Program, Europe, 2021
- Used Cars: Peugeot, Citroen, and Opel CPO Program, Europe, 2021
- Used Cars: Growth Metrics, Western Europe, 2021
- Used Cars: Sales Forecast, Western Europe, 2017 2027
- Used Cars: Sales Forecast by Country, Western Europe, 2017 2027
- Used Cars: Ratio of Used Vehicles to New Registered Vehicles, United Kingdom, 2017 2021
- Used Cars: Percent of Best selling Used Cars by Model, United Kingdom, 2021
- Used Cars: Ratio of Used Vehicles to New Vehicles, Germany, 2017 2021
- Used Cars: Percent of Best selling Used Cars by Brand, Germany, 2021
- Used Cars: Ratio of Used Vehicles to New Vehicles, France, 2017 2021
- Used Cars: Percent Best selling Used Cars by Brand, France, 2021
- Used Cars: Ratio of Used Vehicles to New Vehicles, Italy, 2017 2021
- Used Cars: Best selling Used Cars by Powertrain, Italy, 2021
- Used Cars: Ratio of Used Vehicles to New Vehicles, Spain, 2017 2021
- Used Car Market: Percent of Best selling Used Cars by Model, Spain, January November 2021
- Used Car Market: Ratio of Used Vehicles to New Vehicles, Netherlands, 2017 2021
- Used Cars: Percent of Best selling Used Cars by Brand, Netherlands, 2021
- Used Cars: Ratio of Used Vehicles to New Vehicles, Belgium, 2017 2021
- Used Cars: Percent of Best selling Used Cars by Brand, Belgium, 2021
- Used Cars: Growth Metrics, Eastern Europe, 2021
- Used Cars: Sales Forecast, Eastern Europe, 2017 2027
- Used Cars: Used Car Sales Forecast by Country, Eastern Europe, 2017 2027
- Used Cars: Ratio of Used Vehicles to New Vehicles, Poland, 2017 2021
- Used Cars: Percent of Best selling Imported Used Cars by Brand, Poland, 2021
- Used Cars: Percent of Best selling Imported Used Cars by Model, Poland, 2021
- Used Cars: Ratio of Used Vehicles to New Vehicles, Hungary, 2017 2021
- Used Cars: Best selling Domestic Used Cars by Brand, Hungary, 2021
- Used Cars: Best selling Imported Used Cars by Brand, Hungary, 2021
- Used Cars: Best selling Imported Used Cars by Model, Hungary, 2021
- Used Cars: Ratio of Used Vehicles to New Vehicles, Czech Republic, 2017 2021
- Used Cars: Percent of Best selling Used Cars by Model, Czech Republic, 2021
- Used Cars: Ratio of Used Vehicles to New Vehicles, Slovakia, 2017 2021
- Used Cars: Percent of Best selling Used Cars by Model, Slovakia, 2021
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