European Used Automotive Market price over $ 950 billion by 2025 – Rising demand for reasonably priced used automobiles / Accelerating the shift to on-line buy / Technological development / Decreased charges for car insurance

DUBLIN, July 27, 2021 / PRNewswire / – The "Used Car Market (By Type, Channel, and Country)" in Europe (ex-UK): Insights & Forecast with Potential Impact of COVID-19 (2021-2025) "has been added to ResearchAndMarkets.com's offering.

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The European used car market is expected to reach $ 960.98 billion in 2025, with a CAGR of 5.27% over the 2021-2025 period.

Factors such as growing population, increasing car ownership, increasing urbanization, increasing use of the internet and high depreciation rates for new cars would drive the growth of the market. However, market growth would be challenged by fluctuating used car prices, high maintenance and service costs as well as a lack of standardization and unorganized regulations.

Some notable trends are the increasing demand for affordable used cars, the accelerated shift to online buying, technological advances, and reduced premiums for auto insurance.

The European used car market is segmented by type and sales channel. The European used car market can typically be divided into B2C (business-to-consumer) transactions, B2B (business-to-business) transactions and financing. The market can be divided into franchise dealers, independent dealers, and others such as peer-to-peer depending on the sales channel.

The fastest growing market in the region is Germany Due to the increasing demand for cheap used cars due to their low price and excellent condition, the increasing number of online used car companies in the country, the rapid expansion of used car dealerships, the availability of used car financing and insurance options, and the increasing penetration of the internet, the growing consumer propensity for Used cars.

In addition, the sudden outbreak of COVID-19 has had a negative impact on the market as the major lockdown brought various industrial activities to a standstill, resulting in supply chain disruptions and travel restrictions, thereby affecting demand in the used vehicle sector.

The story goes on

The competitive landscape of the market as well as 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.

Key topics covered:

1. Market overview
1.1 Introduction
1.2 Decision parameters for used cars
1.3 Pricing of Used Cars
1.4 The ecosystem of the used car market
1.5 Advantages of buying a used car instead of a new one
1.6 Used Car Supply Chain
1.7 Disadvantages of buying a used car

2. Effects of COVID-19
2.1 contraction of GDP
2.2 Slowdown in automobile sales
2.3 Decline in industrial production

3. Europe market analysis
3.1 European used car market by value
3.2 Europe Used Car Market Forecast by Value
3.3 European used car market by type
3.3.1 Europe B2C transactions used car market by value
3.3.2 Europe B2C transactions used car market forecast by value
3.3.3 Europe B2C transactions used car market by sales channel
3.3.4 Europe B2C Franchise Dealer Used Car Market Forecast By Value
3.3.5 Europe B2C Non-Franchise Dealer Used Car Market Forecast by Value
3.3.6 Europe B2C online and new dealer used car market forecast by value
3.3.7 Europe B2B transactions used car market by value
3.3.8 Europe B2B transactions used car market forecast by value
3.3.9 Europe finances used car market by value
3.3.10 Europe Financing Used Car Market Forecast by Value
3.4 European used car market by sales channels
3.4.1 European Franchise Dealer Used Car Market by Value
3.4.2 European Franchise Dealers Used Car Market Forecast by Value
3.4.3 European used car market for independent dealers by value
3.4.4 Europe Independent Dealers Used Car Market Forecast by Value
3.5 Market value for used cars in Europe by country
3.6 European used car finance market by country
3.7 European used car market by volume
3.8 European used car market forecast by volume
3.9 Market volume for used cars in Europe by type
3.9.1 Europe C2C used car market forecast by volume
3.9.2 Europe B2C used car market forecast by volume
3.10 Market volume for used cars in Europe by country

4. Country market analysis
4.1 Germany used car market forecast by value
4.2 France used car market forecast by value
4.3 Italy Used Car Market Forecast by Value
4.4 Poland used car market forecast by value
4.5 Netherlands used car market forecast by value
4.6 Spain used car market forecast by value

5. Market dynamics
5.1 Growth drivers
5.1.1 Growing population
5.1.2 Increase in car ownership
5.1.3 Expansion of urbanization
5.1.4 Accumulation of Internet penetration
5.1.5 High depreciation rate for new vehicles
5.2 Important trends and developments
5.2.1 Growing demand for affordable used cars
5.2.2 Accelerating the move to online buying
5.2.3 Technological advances
5.2.4 Reduced rates for motor vehicle insurance premiums
5.3 Challenges
5.3.1 Price fluctuations for used vehicles
5.3.2 High maintenance and service costs
5.3.3 Lack of standardization & unorganized regulations

6. Competitive landscape
6.1 European market
6.1.1 Sales comparison of the main players
6.1.2 Comparison of the market capitalization of the main players
6.1.3 Europe used cars market share by major players

7. Company profiles
7.1 Business overview
7.2 Financial overview
7.3 Business Strategies

Please visit https://www.researchandmarkets.com/r/9epb07 for more information on this report

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