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France Used Car Market is Expected to reach around GBP 129.4 Billion in terms of Gross Transaction Value (GTV) by the year Ending 2023: Ken Research

12-05-2019 11:47 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research

France Used Car Market is Expected to reach around GBP 129.4

The report focuses on overall market size in terms of Gross Transaction Value (GTV), France Used Car market segmentation by Market Structure (Organized and Unorganized Market); by Type of Used Cars (MPVs / Sedan, Economy / Hatchbacks and SUVs); 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); Ownership Period (Less than 6 Years, 6 – 10 Years, 11 – 15 Years and More than 16 Years); and By Car Make (Renault, Peugeot, Citroen, Volkswagen, Audi, Ford, BMW, Mercedes, Opel, Nissan, and others). Major players operating in the France Online Used Car market include Aramisauto, Autoscout24, La Centrale, Paru Vendu, Leboncoin, BYmyCAR, Auto-selection, and others. Major players operating in the France Offline Used Car market include Emil Frey France, Gaudet, BYmyCAR, Bernard Automobiles, Car Avenue, Maurin, Jean Rouyer Automobiles and others.

• The used car sales in terms of volume are expected to increase in the future, having a positive CAGR of approximately 9%, due to increased penetration of the companies in the online portals for lead generation.

• The government of France is planning to entirely ban diesel and petrol cars in the country by 2030, which has to lead to falling new car sales and older used cars. The customers have shifted towards the younger used cars until the electric cars take over the market.

• The multi-brand dealerships are anticipated to grow with a CAGR of 26% and the OEM certified dealerships with a CAGR of 23% during the forecast period 2018-2023F. Therefore, the penetration of multi-brand dealerships and OEM Certified dealerships will contribute to the growth of France used car market in the next few years.

The surge in Demand of Used Cars in France: The surge in the adoption of car financing and insurance options at the used car dealerships in France will lead to significant growth in the used car market. The used car industry is anticipated to grow in the next few years owing to the fall in the new car sales due to the ban on diesel and petrol cars. The French people will take time to shift from fuel cars to electric cars, which will contribute to the growth of the used car market. The country would be witnessing a growth in the used car dealerships, leading to the increased availability of used cars for the customers.

Acceptance of Electric and Hybrid Used Cars: Demand for electric and hybrid cars is anticipated to grow in the future and would eventually, lead to the growth of the used car market. France is on the verge of banning petrol and diesel cars entirely from the market by 2030, which would be taken over by electric and hybrid cars in the market. The entrance of these e-mobility cars would result in a transition in France used car market, which would further contribute to the growth of the market.

Online Space gaining Traction: It has been anticipated that due to increased lead generation through the online car portals, the organized dealers will dominate France used car market and is anticipated to experience a CAGR of approximately 14% in terms of Gross Transaction Value (GTV) during the review period 2018 to 2023. The growth of the used car market is especially due to a considerable high penetration of the finance for used cars due to the rising demand in the country.

Analysts at Ken Research in their 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 CAGR of approximately 9.0% in terms of Gross Transaction Value and around 3.5% in terms of used car sales volume during the forecast period 2018-2023.

For Information on the Research Report, Click On the Below Mentioned Link:-

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

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:-
La Centrale
Paru Vendu

Offline Companies Covered:-
Emil Frey France
Bernard Automobiles
Car Avenue
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

Related Reports by Ken Research:-

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity, and economy reports. We provide business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.

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