The report titled “France Used Car Market Outlook to 2023 – Surge in Demand for Rental Cars Backed by Increased Online Used Car Sales” provides a comprehensive analysis of used car market in France. The report focuses on overall market size in terms of sales volume of used cars; France used car market segmentation by Market Structure (Organized and Unorganized Market); Channel based on Organized Market (Multi-brand Dealers and OEM-Certified Dealers); Channel based on Unorganized Market (C2C and Local Dealers); Lead Generation (Dealer Walk-ins and Online Portals); By Car Make (Renault, Peugeot, Citroen, Volkswagen, Audi, Ford, BMW, Mercedes, Opel, Nissan, and others); Ownership Period (Less than 6 Years, 6 – 10 Years, 11 – 15 Years and More than 16 Years); 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); Type of Used Cars (MPVs / Sedan, Economy / Hatchbacks and SUVs); and Fuel Type (Diesel, Gasoline, Hybrid, and Others). The report also covers the overall comparative landscape, trends and growth drivers, issues and the challenge, market share in terms of sales volume and government regulations. The report concludes with future projections and analyst recommendations highlighting the major opportunities and cautions.
Market Overview and Size
France used car market is at a late growth stage along with single-digit CAGR in terms of sales volume during the year 2018. Factors such as increased online penetration by the dealership companies, availability of the financing and insurance options make it convenient and easy for the customers and provide a pleasant experience to the buyers of the used car. Shift from a traditional sales channel to E-commerce the channel, the surge in the demand for younger used cars and others have helped the used the car industry to grow in France in terms of sales volume.
By Market Structure (Organized and Unorganized Market): The unorganized used car market is leading in France owing to the ease of buying and selling processes involved in the used car market. It has been observed that the major transactions happen between private sellers or individuals in the country.
By Organized Market (Multi-brand Dealerships and OEM Certified Dealerships): The multi-brand dealerships recorded a larger market share in the organized used car market owing to the fact that the multi-brand used car dealers have various brands and models available with them and the consumers have the choice of comparing and then purchasing the used cars. Additionally, the organized used car dealers have a larger geographical presence in the country which allows them to tap a larger market share of the country.
By Unorganized Used Car Market (C2C, Online Sales and Local Dealers): The Customer to customer segment dominated the unorganized used car market with a significant market share in the country followed by online sales and local Dealerships. The customer to customer is preferred by the French people as they find the used car buying process quite complicated and expensive from a dealership.
By Type of Used Car (MPVs / Sedan, Economy / Hatchbacks and SUVs): Sedans have the highest market share followed by SUVs and Hatchback in the year 2018. This is due to Sedans offer better space, practicality and in some cars, a better resale value.
By 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): Pre-owned cars falling in the range of 20,000-80,000 km driven dominated France used cars the market in terms of sales volume in the year 2018. Further, used cars falling in the range of 80,000-120,000 km and above have grabbed the second-highest market share and others.
By Ownership Period (Less Than 6 Years, 6 – 10 Years, 11 – 15 Years And More Than 16 Years): The used cars which are less than 6 years old have captured the major market share in the French used car market. The least market share is of those used cars aged more than 16 years in the country.
By Car Make (Renault, Peugeot, Citroen, Volkswagen, Audi, Ford, BMW, Mercedes, Opel, Nissan, And Others): The most preferred used car brands in France were observed to be Renault, Peugeot, Citroen, and other brands, owing to the fact that the market share of the new car sales of these brands are high due to which customers have established a trust factor with these brands. Moreover, these brands have huge networking across the country to make sure that they are at a reachable distance from the customers.
Comparative Landscape of France Used Car Market
France used car market was observed to be highly fragmented along with the presence of multiple outlets of the dealerships in the used car space. Gueudet, BYmyCAR, Bernard Automobiles, Car Avenue and many others are the few major companies in the online and offline used car market. These market players compete on the basis of the number of networks, marketing initiatives, certification, margins, price, after-sales, lead generation, warranty types, brand partnerships and a number of dealers associated with the dealer group.
France Used Car Market Future Outlook and Projections
In the future, it is anticipated that France used car market in terms of GTV and sales volume will increase at a positive CAGR during the forecast period 2019–2023 due to an increased number of dealerships and the number of lead generations through the online portals. The new entrants in the used car market in France are contributing to the growth of this industry. In addition, the availability of the financing and insurance options makes it convenient and easy for the customers and also provides a pleasant experience to the buyers of the used car. The implementation of government policies for low emission zones and other regulations may have a slight negative impact on the used car market. However, the simplification of the procedure for purchasing a used car would also contribute to the growth of the used car market in the next few years.
Key Segments Covered:-
By Sales Channel (Multi-Brand Dealers and OEM-certified Dealers)
By Lead Generation (Dealerships Walk-ins and Online Car Portals)
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
Less than 5,000 km
Above 120,000 km
< 6 Years
6 to 10 Years
11 to 15 Years
> 16 Years
Key Target Audience
Organized Multi Brands Dealers
OEM Certified Dealerships
Private Equity and Venture Capitalist
Car Auction Companies
Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2018-2023F
Online Companies Covered:-
Offline Companies Covered:-
Emil Frey France
Jean Rouyer Automobiles
Key Topics Covered in the Report:-
Introduction to France Used Car Market
France Used Car Market Size, 2013-2018
France Used Car Market Segmentation, 2018
Trends and Developments in France Used Car Market
Issues and Challenges in France Used Car Market
Used Car Market Supply Chain
France Used Car Auction Market
Online Comparative Landscape in France Used Car Market
Offline Comparative Landscape in France Used Car Market
Government Regulations in France Used Car Market
Business Model in Online Used Car /Market
Working Model in France Used Car Market
Case Study- Dutch Renault Dealer Group- How To Sell Off The Old Stock In The Inventory?
France Used Car Market Future Outlook and Projections, 2018-2023
Analyst Recommendation for France Used Car Market
For Information Click On the Below Mentioned Link:-
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)
Ankur Gupta, Head Marketing & Communications