Spain Used Car Market is Expected to reach around EUR 45.0 Billion in terms of Gross Transaction Value (GTV) by 2023: Ken Research

The report focuses on overall market size in terms of Gross Transaction Value (GTV), Spain Used Car market segmentation by Market Structure (Organized and Unorganized Market); by Type of Used Cars (Hatchback, Saloon-4 doors, Hatchback-5 doors, People Carrier, SUV, Estate, Van, and others); 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 1 Year, 1 to 3 Years, 3 to 5 Years, 6 to 10 Years and More than 10 Years); and By Car Make (Renault, Citroen, SEAT, Peugeot, Ford, Opel, Volkswagen, Mercedes, Nissan, Audi and others). Major players operating in the Spain Online Used Car market include Webycar, Clicars.com, AutoScout24 and others. Major players operating in the Spain Offline Used Car market include Berge, Global Car Centre, Viva Autos, Occasion Plus and others.

The used car sales in terms of volume is expected to increase in the future thus, grabbing a positive CAGR of approximately 7.0%, due to boost in used car sales through the online car portals.
Diesel lost 35% points of share in the new car market between 2010 and 2018. The decline in diesel cars is further expected to decrease the total number of new and used car sales in the near future.

In the unorganized sector, the sale of used cars is anticipated to increase during the forecast period 2018 -2023, at a CAGR of 11.7% in terms of sales volume due to more adoption of the online car portals by OEM dealers and used car customers in Spain.

Online Space gaining Traction in Spain: The Spanish OEMs are using digitalization to increase dealers’ used car sales volume. The quest for increased efficiencies within the asset management and vehicle re-marketing industry over the past few years has meant the market has embraced digitalization. The online space of Spain used car market and is anticipated to experience a CAGR of approximately 34% in terms of sales volume during the forecast period 2018 to 2023.

Elevation in After-Sales Services in Spain: Surge in the adoption of car financing and insurance options at the used car dealerships in Spain will lead to a significant growth in the used car market. The availability of these services in the online car portals also attracts the crowd due to feasibility and convenience factors. The growth of Spain used car market is especially due to availability of additional after-sales services such as insurance and financing options which results in increased demand for used cars in the country.Emergence of multi-brand showrooms and OEM-Certified: It was observed that the multi-brand dealers will dominate the Spain used car market as compared to the OEM-Certified dealers in terms of sales volume, recording a CAGR of approximately 18% during the review period 2018 to 2023. Dominance of multi-brand dealers in Spain will be majorly due to further shift of OEM-certified dealers to multi-brand dealerships. 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 latest publication “https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/spain-used-car-market-outlook/295242-100.html” believe that the used car industry in Spain 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 positive CAGR of approximately 11.7% in terms of Gross Transaction Value and around 6.8% in terms of used cars sales volume during the forecast period 2018-2023.

Keywords:-
Spain Used Car Sales
Pre-owned Car Sales Spain
Car with Mileage Sales Spain
Spain Used Car Industry
Online Used Car Business Model Spain
Offline Used Car Business Model Spain
Gross Transaction Value of Used Cars Spain

Major Used Car Dealers in Spain
Working Model of Spain Used Car Dealerships
Transfer of Car Ownership Spain
Spain Used Car Market Size
Used Cars Emission Norms in Spain
WLTP and Brexit impact on SPAIN Used Cars
Spain Used Car Market Segmentation
Spain Organized Used Car Market
Spain Unorganized Used Car Market
Used Car Revenue Stream Spain
Inspection and MOT Process in Used Car Market

Spain Types of Used Cars Segmentation
Multi-Brand Dealerships Spain
OEM Certified Dealers in Spain
Dealership Walk-ins Spain
Online Car Portals Spain
Used Car Brands Spain
Car Manufacturers Spain
Used Car Auction Market Spain
Used Cars Customer Profile Spain
Used Cars Buying and Selling Process in Spain
Key Purchase Criteria for Buying Used Cars
Used Car Market Customer Pain Points
Spain Used Car Market Trends
Issues and Challenges in Spain
Spain Used Car Competitive Landscape
Online Spain Used Car Market Genesis
Competition Scenario Spain Online Used Car Market
Online Company Profile Spain Used Cars
Offline Company Profile Spain Used Cars
Major Online Car Dealers in Spain
Major Offline Car Dealers in Spain
Government Regulations in Spain Used Car Market
Berge Spain Developments in Spain
Recent Developments of AutoScout24 Spain
Quadis Operations within Spain
Used Cars Success Story Spain
Future Projections Spain Used Car Market
Future of Used Car Industry in Spain
Spain Used Car Market Analyst Recommendations

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, Online Portal and Local Dealerships)
By Lead Generation (Dealerships Walk-ins and Online Car Portals)

Type of Used Cars
Any Saloon/ Hatchback
Saloon (Sedan) - 4 doors
Hatchback- 5 doors
People Carrier
SUVs
Estate
Van
Hatchback- 3 doors
Coupe
Saloon (Sedan) - 2 doors

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
< 1 Year
1 to 3 Years
3 to 5 Years
6 to 10 Years
> 10 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 - 2018-2023

Online Companies Covered:
Webycar
Clicars.com
Yamovil
AutoScout24
OcasionPlus
Autofesa
Autos Costa Mar
Ollmax
Mia Cars

Offline Companies Covered:
Quadis
Berge
Salvador Caetano
Global Car Centre
OcasionPlus
Viva Autos

Key Topics Covered in the Report
Introduction to the Spain Used Car Market
Spain Used Car Market Size, 2013-2018
Spain Used Car Market Segmentation, 2018
Trends and Developments in Spain Used Car Market
Issues and Challenges in Spain Used Car Market
Used Car Market Supply Chain
Spain Used Car Auction Market
Online Comparative Landscape in Spain Used Car Market
Offline Comparative Landscape in Spain Used Car Market
Government Regulations in Spain Used Car Market
Business Model in Online Used Car /Market
Working Model in the Spain Used Car Market
Success Case Studies- OLX and Dutch Renault Dealer
Spain Used Car Market Future Outlook and Projections, 2018-2023
Analyst Recommendation for Spain Used Car Market

For information click on the below mentioned link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/spain-used-car-market-outlook/295242-100.html

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https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/italy-used-car-market-outlook-to-2023/274061-100.html

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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