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 Overview and Size
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 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
By Sales Channel (Multi-Brand Dealers and OEM-certified Dealers)
By Lead Generation (Dealerships Walk-ins and Online Car Portals)
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
Hatchback- 3 doors
Saloon (Sedan) – 2 doors
Less than 5,000 km
Above 120,000 km
< 1 Year
1 to 3 Years
3 to 5 Years
6 to 10 Years
> 10 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 – 2019-2023
Online Companies Covered:
Autos Costa Mar
Offline Companies Covered:
Global Car Centre
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
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Ankur Gupta, Head Marketing & Communications