What Is The Current Potential Of France Used Car Market?
France used car market is at a late growing stage. France used the car market in terms of GTV has increased at a positive CAGR of ~% during the review period 2013-2018. This growth was supported by increased used car sales in the country. The average ticket price has also increased by a single-digit positive growth rate during the period 2013 to 2018. In addition, there has been a surge in the used car market in France due to an increase in trade values. The used car market experienced growth during the period 2013 to 2018 owing to the increase in sales of hybrid, plug-in hybrid and battery-electric cars in the France automotive space. The used car market was stimulated due to strong consumer confidence and rising business profit levels encouraged customers to replace vehicles more often.
The used to new car ratio has been found around ~ in 2018. There has been an increasing trend in the car parc, having a CAGR of approximately ~ % during the period 2013 to 2018. The increase in the used car sales has positively impacted the car parc in France. In 2015, the used car market experienced a drop due to soaring prices of the used cars, owing to which the sales declined in the country. This was coupled with the heavy supply and the weakening demand which directly impacted the retail outlets. The decreasing demand for diesel cars impacted the growth of the used cars across the region.
France Used Car Market Segmentation
By Market Structure (Organized and Unorganized Market): The unorganized used car sector, which consists of the OEM-certified used cars and the multi-brands used car dealerships, constitute a market share of roughly ~ % in terms of used cars sales volume across the region. The unorganized used car market is dominant in the overall used car space in France owing to the fact that the buying and selling experience is simpler among individuals as compared to the dealerships. The organized sector provides high quality duly certified used cars which are carefully inspected and usually cause no discrepancies. They also offer the after-sales services due to which the customers have started shifting towards the organized dealerships as compared to the unorganized dealers in France.
By Type of Cars (MPVs / Sedans, Economy / Hatchbacks, and SUVs): Sedan is the type of car which has captured the biggest portion in the market share. It has almost ~ % market share in France used car market in 2018. This is followed by SUV’s and then Hatchbacks.
By Kilometers Driven: Old-age vehicles with an average ownership period of 6-8 years or above are exposed towards high wear and tear, therefore, increasing their overall vehicle maintenance cost. Pre-owned cars falling in the range of 20,000-80,000 km driven collectively dominated France used cars market along with a volume share of ~ % thus, evaluated at ~ thousand units in the year 2018.
By Age of Used Cars: Cars having less than 6 years dominated France used cars market along with a massive collective volume share of ~ % thus, evaluated around ~ thousand units during 2018. This segment recorded the highest sales owing to the fact that potential buyers had a large variety of used car models to choose from. The least market share is being captured by the used cars which are more than 16 years old.
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
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
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
Key Topics Covered in the Report:-
France Renault Used Car Market Sales Forecast
France Used Car Aftermarket
France used car Buy sell model
France Used Car Market End Users
France used cars Import Market
Online car dealership portals France
Online listings used cars France
Ratio of used to new cars France
Recession impact on France used car Market
Repossessed Cars for Sale in France
Revenue streams France used vehicles
Second hand cars Market By Running
Transfer of Ownership in France
Used car advertisement in France
Used Car Business in France
Used Cars for Sale in France
Car Parc Market France
France Audi Used Car Market Share
France Ford Used Car Market Growth Rate
For Information Click On the Below Mentioned Link:-
France Used Car Market Outlook
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