Spain Used Car Market Outlook to 2023: Ken Research

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The report titled “Spain Used Car Market Outlook to 2023 – Growth within Car Rental Companies Coupled with Shared Vehicle Mobility Segment to drive Used Car Sales Volume in Spain” provides a comprehensive analysis of used car market in Spain. The report focuses on overall market size both in terms of sales volume and Gross Transaction Value (GTV) of used cars; Spain used car market segmentation by the Market Structure (Organized and Unorganized Market); Channel based on Organized Market (Multi-brand Dealers and OEM-Certified Dealers); Channel based on Unorganized Market (C2C, Online Portal and Local Dealers); Lead Generation (Dealer Walk-ins and Online Portals); By Car Make (Renault, Citroen, SEAT, Peugeot, Ford, Opel, Volkswagen, Mercedes, Nissan, Audi and others); Ownership Period (Less than 1 Year, 1 to 3 Years, 3 to 5 Years, 6 to 10 Years and More than 10 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 (Hatchback, Saloon-4 doors, Hatchback-5 doors, People Carrier, SUV, Estate, Van, and others); and Fuel Type (Diesel, Petrol, Electric & Hybrid and Others). The report also covers overall comparative landscape including strengths and weaknesses and cross comparisons; trends and growth drivers, issues and challenge, market share in terms of sales volume, government regulations and success case studies. The report concludes with the future projections and analyst recommendations highlighting major opportunities and cautions.

Spain Used Car Market Research

Spain Used Car Market Overview and Size

The market was observed in its growth stage along with approximately 7% CAGR in terms of used car sales volume during the review period 2013-2018. Factors such as augmented car pooling, amplified online penetration by the dealership companies, availability of the financing and insurance options which makes it convenient and easy for the customers and provides a pleasant experience to the buyers of the used car. Shift from traditional sales channel to E-commerce channel, surge in the demand for younger used cars and others have helped the used car industry to grow in Spain especially in terms of sales volume.

Spain Used Car Market Segmentation

By Market Structure (Organized and Unorganized Market): The organized sector is dominating in the Spain Used Car Market due to higher network chains and better at keeping relation with their customers. This gives the organized dealerships an edge over the unorganized dealers in terms of enhanced quality of documentation process, certified inspection and many other factors.

By Organized Market (Multi-brand Dealerships and OEM Certified Dealerships): During 2018, the OEM-Certified dealerships recorded a larger market share in terms of sales volume in the organized used car market owing to the fact that the Spanish people trust used cars bought from OEM-Certified dealerships more as compared to the multi-brand dealers. Additionally, OEM-Certified 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 Portals and Local Dealers): The customer to customer segment dominated the unorganized used car market with a significant market share in terms of sales volume in the country followed by online sales and local dealerships during the year 2018. The C2C segment is preferred by Spanish people as they find it convenient to buy / sell used cars among the individuals as compared to getting into complicated processes in the organized sector.

By Type of Used Car (Hatchback, Saloon-4 doors, Hatchback-5 doors, People Carrier, SUV, Estate, Van, and others): Hatchback segment has been dominating the used car space in Spain since 2013 owing to the fact that it serves the purpose of a budget friendly compact car. Hatchback segment was followed by Sedan / Saloon-4 Doors car segment.

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 20,000-50,000 km driven dominated Spain used cars market in terms of sales volume in the year 2018. Further, used cars falling in the range of 50,000-80,000 km and above have grabbed the second highest market share.

By Ownership Period (Less than 1 Year, 1 to 3 Years, 3 to 5 Years, 6 to 10 Years and More than 10 Years): In Spain, the used cars belonging to the age bracket of 1 to 3 years captured the major chunk of the market share in terms of used car sales volume during 2018. People prefer this segment more often due to wide availability of luxury used cars at cheaper rates and relatively better quality.  The second highest segment was captured by the used cars which are more than 10 years old. This was majorly due to huge drop in the prices of this segment.

By Car Make (Renault, Citroen, SEAT, Peugeot, Ford, Opel, Volkswagen, Mercedes, Nissan, Audi and others): The most preferred used car brands in Spain were observed to be Renault, Citroen, SEAT and other brands, owing to the fact that these brands have a huge networking across the country to make sure that they are at a reachable distance from the customers. Moreover, the market shares of the mentioned brands are high due to which customers have established a trust factor with these brands.

Comparative Landscape of Spain Used Car Market

The Spain used car market was observed to be highly fragmented along with the presence of multiple dealership outlets in the used car space. Webycar, Clicars.com, AutoScout24, and others are the online major companies in the Spain used car market. Moreover, Berge, Global Car Centre, and others are the major companies in the offline used car market. These players compete on the basis of number of networks, marketing initiatives, certification, margins, price, after sales, lead generation, warranty types, brand partnerships and number of dealers associated with the dealer group.

Spain Used Car Market Future Outlook and Projections

In future, it is anticipated that Spain used car market in terms of GTV and sales volume will increase at a positive CAGR during the forecast period 2019–2023 due to increased lease and rental market in the country and escalating used car sales through the online portals. Implementation of the government policies for low emission zones and other regulations may have a slight negative impact thus, leading to expected decrease in the total number of diesel and petrol cars in the country. However, simplification of procedure for purchasing a used car would also contribute in the growth of the used car market in next few years. 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.

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 Car 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 – 2019-2023

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 Ecosystem

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:

Spain Used Car Market Research Report

Related Reports

France Used Car Market Outlook to 2023 – Surge in Demand for Rental Cars Backed by Increased Online Used Car Sales

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

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

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