The shift towards the E-commerce sales channel and amplified geographical expansion model by the used car dealerships has driven the growth of the used car market in France.

Surge In-Sourcing Of Used Cars From Rental Companies: The revenue of the Car Rentals segment accounts for EUR 1,120 Million in 2019. The market is anticipated to grow roughly around a 3.0% growth rate from 2019 to 2023, resulting in a surge in the used car market in France due to the rising availability of cars. The private customers have developed an interest in the used cars provided by rental companies owing to the certified documentation provided by these rental companies on the used cars. The sale of used cars to private customers was witnessed to increase in the past few years. The car rental companies have also increased the purchase of used cars in France. The used car allows cheaper rental offers, becoming more and more an affordable and appreciated option.

Accessibility of Financing Options: Companies operating through organized channels have tie-ups with banks and related financial institutions, thereby providing their customers with added financial assistance. As a result, leading to increased used car sales in France. The values of individual automotive loans delivered by specialized credit, institutions are EUR 3,538 Million for used cars and EUR 2,343 Million for new cars in France in 2018. This clearly signifies that the financing services are adopted more for used cars as compared to the new cars in the country as of 2017. France used car dealerships were not providing the financing options in the past few years as their primary focus was on the sale of the used car, owing to which the customers had to finance their used cars from banks which charged a huge interest rate. With the availability of car financing options at the dealerships over the years have eased the purchase of a used car in France for the customers.

Emergence of multi-brand showrooms and OEM-Certified: It was observed that the multi-brand dealers dominate as compared to the OEM-Certified dealers in terms of sales volume in France used car market, recording a CAGR of approximately 11% during the review period 2018 to 2023. This will lead to a wide variety of used car brands and models to choose from the convenience of the customers’ preferences.

Analysts at Ken Research in their the latest publication France Used Car Market Outlook to 2023–Market Structure (Organized and Unorganized Market); Organized Sales Channels (Multi-Brand Dealerships and OEM Certified Dealerships) and Unorganized Sales Channels (Customer To Customer and Local Dealerships), and By Lead Generation (Dealership Walk-ins and Online)”  believed that the used car industry in France will augment owing to the rising penetration in the online used car portal, increase in organized dealership chains and stringent inspection process. This rise is expected to boost the demand for used cars in the country owing to the increased availability of financing options across the nation. The market is expected to register a positive double-digit CAGR of 8.9% in terms of Gross Transaction Value and around 3.5% in terms of used cars during the forecast period 2018-2023.

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 Used Car Market

Aramisauto used cars Market Competitors France

Auctioning Revenue of Used Cars in France

Auto-selection France Used Car Market Analysis

Average Car Sales per Branch Yearly In France

Average price of used car in France

Best Selling Used Cars Market in France

Car Avenue Offline Market Analysis

Car parc Market France

Commission in used car market France

Emil Frey France Used Car Market Growth Rate

France Audi Used Car Market Share

France Autoscout24 Car Market Revenue

France Citroen used car Market Growth Rate

Used Car financing Market France

Used Car Market Competition in France

Used Cars for Sale in France

For Information Click On the Below Mentioned Link:-

France Used Car Market Outlook

Related Reports by Ken Research:-

UK Used Car Market Outlook to 2023 – Market Structure (Organized and Unorganized Market); Type of Used Cars (MPVs / Sedan, Economy / Hatchbacks and 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 and Above 120,000 km); By Year of Manufacture (< 2000, 2000-2002, 2003-2005, 2006-2008, 2009-2012 and 2013-2018); and By Car Make (Toyota, Ford, Nissan, Volkswagen, Vauxhall, BMW, Honda, Kia, Lexus, Renault and Others)

Germany Used Car Market Outlook to 2023 – Surge in Multi-Brand Dealerships Coupled with Improved Quality and Inspection of Used Cars to boost Used Cars Market

Italy Used Car Market Outlook to 2023 – Led by Surge in Demand for Young Used Cars Coupled with Improved Quality and Inspection of Used Cars

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249