Italy Used Car Market Research Report: Ken Research

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How The Italy Used Car Market Is Positioned?

Italy Used Car Industry was observed to grow with a volatile growth pattern in the review period 2013-2018. Italy used the car market in terms of GTV has increased at a positive CAGR of ~% during the review period 2013-2018. The growth was supported by increased used car sales in the country owing to the slow growth of the new car market. The average ticket price of a used car was also observed to grow with a positive CAGR over the last 5 years. The used car dealerships in Italy have penetrated into the online space of the used car market to tap a larger market, which has contributed to the sale of used cars in Italy. Car financing options provided by used car dealerships have was also contributed to the growth of the used car market in Italy. Used car industry is booming with expanding sales volume owing to the change in customer perception towards used premium cars, expansion of online sales & lead generation by classified.

Companies, diversified sources to finance the vehicle and better certifications available in the market The average ownership period has been observed to be of around 4-5 years in 2018. The used car market in Italy was observed to be dominating by Fiat, Volkswagen and others owing to the brand value and the trust customers have on these brands. The used to new car ratio has been found around ~ in 2018. Italy used car market was dominated by the organized used car dealerships in the country by both Multi-brand dealerships and OEM Certified dealerships with a market share of ~% in terms of sales volume in the year 2018. Competition within Italy Used Car market was observed to be highly fragmented with the presence of major offline and online players such as Auto Torino, Denicar FCA, GoodByeAuto, Autoquattro, True Car, Autoscout24, Bakeca.it, Alvolante.it and others.Italy Used Cars Market Outlook to 2023

Italy Used Car Market Segmentation

By Market Structure (Organized and Unorganized Market): the Organized market was observed to be dominating Italy used car market both in terms of sales volume and Gross Transaction Value (GTV). The organized market constituted a market share of ~% in terms of sales volume in the year 2018. The organized market was observed to be the dominator in Italy owing to the services provided by these dealerships and the larger presence that these dealerships have in the country. The trust factor on the dealerships in the organized market is higher as compared to the dealerships in the unorganized market.

By Organized Market (Multibrand dealerships and OEM Certified dealerships): The multi-brand dealerships dominated the organized market with a market share of ~% in terms of sales volume in the year 2018. The multibrand dealerships recorded a larger market share in the organized used car market owing to the larger presence in the country along with a wider brand portfolio available with them which helps consumers in comparing different brands and models.

By Unorganized Market (C2C, Online sales, and Local dealers): The Customer to customer segment dominated the unorganized used car market with a market share of ~%, followed by local dealers and online sales in the year 2018. The customer to customer segment dominated the unorganized used market in Italy owing to the lack of trust of customers have upon used car dealerships and low presence of dealerships in rural areas of the country.

By Year of Manufacture: Cars manufactured during the period 2009-2018 dominated Italy 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 and the surge in demand for younger used cars was also an important contributor.

By Kilometers Driven: The used cars driven between 20,000 to 80,000 km are the most in-demand in Italy owing to the reason that these will not release higher pollutant emissions and are also a little cheaper as compared to the used cars between 5,000 to 20,000 km. The price of a used car is highly dependent upon the age of the car, the number of km it has run and how it has been maintained over the years. The customers choose the 5,000-20,000 km driven used cars so as to shun away from the penalty of emission norms.

By Type of Cars (MPVs / Sedans, Economy / Hatchbacks, and SUVs): Economy and Hatchback recorded the highest sales of used cars in the year 2018, contributing to a massive ~% share of the overall used car sales followed by SUV’s and MPV’s/Sedan. The most popular used cars in this segment include Fiat Panda, Fiat 500x, Volkswagen Golf, Volkswagen Polo BMW 3 series and many others.

Key Segments Covered:-

By Type of Market Structure:

Organized Market

Multi-brand Dealerships

OEM Certified Dealerships

Unorganized Market

Customer to Customer

Online Sales

Local Dealers

By Car Make:

Fiat

Volkswagen

Renault

Ford

BMW & Mini

Opel

Mercedes

Audi

Toyota

Citroen

Nissan

Skoda

Others (Peugeot, Jeep, Dacia, Hyundai, Lancia, Kia, Alfa Romeo, Suzuki, MCC, Mini, Seat, Volco,Land Rover, Mazda, Jaguar, Honda, Mitsubishi, Porsche, Subaru, Maserati, Ssangyong, Dr, Mahindra, Ferrari, Lotus, Lada and rest)

By Year of Ownership:

<2000

2000-2002

2003-2005

2006-2008

2009-2012

2013-2018

By Kilometers Driven:

Less than 5,000

5,000-20,000

20,000-50,000

50,000-80,000

80,000-120,000

Above 120,000

By Type of Used Cars:

Economy/Hatchback

MPV’s/Sedan

SUV’s

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 – 2019-2023

Companies Covered:-

Online Dealerships:

True Car

Autoscout24

Bakeca.it

Alvolante.it

Autorola Marketplace

Cargurus

Offline Dealerships:

Auto Torino

Denicar FCA

Birindelli Auto Srl

Mocautogroup

GoodBuyAuto

Autoquattro

Schiatti Car Srl

Auto 500

Key Topics Covered in the Report:-

Italy used SUV cars market

Electric used cars Market Italy

Used Cars for Sale in Italy

Used cars Market from Italy

Ratio of used to new cars Italy

Import of used cars in Italy

Online listings used cars in Italy

Online car dealership portals Italy

Used Car Auction Market Italy

Second-hand cars by Kilometer Driven

Commission in used car market Italy

Used cars for sale in Milano Italy

Working Model of Used Car Market Italy

Multi-Brand Used Car Dealership Market

Online Used Car Market Business Model

Average Car Sales per Branch Yearly In Italy

Auctioning Revenue of Used Cars in Italy

Italy Toyota Used Car Market Sales Forecast

Italy Nissan Used Car Market Sales Revenue

Slightly used cars Market in Italy

Used Vehicle Finance Market Italy

For More Information On The Research Report, Refer To Below Link:-

Italy Used Car Industry Outlook

Related Reports by Ken Research:-

Malaysia Used Vehicle Market Outlook to 2025 – By Type of Distribution Channel (Organized and Unorganized Dealers), By Mode of Selling (Online and Dealership Walk-Ins), By Type of Vehicle (Sedans, Hatchback, SUVs, MPVs, LCV and others), By Vehicle Age(0-3 years, 3-5 Years, 5-8 Years and More than 8 years), By Brand (Perodua, Toyota, Honda, Proton, Nissan and Others)

Indonesia Used Car Market Outlook to 2023 – Rising Popularity of Online Platforms and Reduction in Average Ownership Period to Drive Used Car Sales

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

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