Germany Used Car Market Introduction and Overview
According to SPER Market Research, the Germany Used Car Market is estimated to reach USD 227.64 billion by 2033 with a CAGR of 7.41%.
The report includes an in-depth analysis of the Germany Used Car Market, including market size and trends, product mix, distribution channels, and supplier analysis. A used car, pre-owned car, or second hand car is one that has had one or more retail owners in the past. Used automobiles can be bought at auctions, private party sales, buy here pay dealerships, franchise and independent car dealers, rental car companies, and leasing offices, to name a few locations. Some car sellers offer extended service contracts or warranties, "no-haggle prices," and "certified" pre-owned cars.
- Driverama Germany GmbH launched a car purchase service in Germany one year prior to starting an online used car sales business in February 2022. Driverama has launched a new tool that lets consumers compare over 1,000 completely inspected automobiles with an average age of four years, including popular models, brands, prices, and financing choices. Every car has a complete service history, an ownership report, and a thorough cleaning.
Market Opportunities and Challenges
Opportunities: Long-term market growth has been substantial in recent years, and one encouraging development in the used automobile sector is the pricing rivalry among new competitors. One of the main causes of the rising volume of used car sales is that consumers are finding it more difficult to buy new cars. This is in addition to the efforts made by industry players to build their dealership network in the market. The development of brands and the viability of used automobile options were facilitated by these dealership networks for market participants. These factors present an opportunity for the market expansion.
Challenges: However, the used vehicle dealer is dependent on the seller because the dealer can't get cars for their clients until the owner puts them up for sale. Market growth may be hampered if new car sales decline since eventually the market may run out of inventory. Lack of strict rules and regulations pertaining to used automobile purchases would hinder the used car market's growth. The high rates of depreciation on secondhand cars will make market expansion more challenging. Through a decrease in the use of public transportation, the coronavirus outbreak has adversely affected the demand for secondhand cars.
Market Competitive Landscape
The used car sector in Germany is very fragmented, with many local and upstart players. Some of the market key players are 12Gebrauchtwagen.de, AUTO1.com GmbH, AutoScout24 GmbH, CarNext.com, Cazoo Ltd., Cinch Cars Limited, Driverama Germany GmbH, mobile.de, OOYYO Corporation, pkw.de Autoborse GmbH, SAAM, TASA LogÃstica, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Vendor Type, By Fuel Type, By Body Type, Sales Channel
|
| Regions covered | Eastern, Western, Southern, Northern
|
| Companies Covered | 12Gebrauchtwagen.de, AUTO1.com GmbH, AutoScout24 GmbH, CarNext.com, Cazoo Ltd., Cinch Cars Limited, Driverama Germany GmbH, mobile.de, OOYYO Corporation, pkw.de Autoborse GmbH, SAAM, TASA LogÃstica, Others.
|
COVID-19 Impact on Germany Used Car Market
The COVID-19 pandemic caused countries to temporarily lower demand for both new and used cars. In addition, the worldwide recession has had an impact on customers, leading to a decline in automobile sales; yet, individuals worldwide have started to shun public transit because of the potential for infection and the need to keep social distance. In the first half of 2021, the German used-car market fell by 6.8%, according to the KBA.
Key Target Audience:
- Budget-Conscious Consumers
- College Students
- Families on a Budget
- First-Time Car Buyers
- Small Business Owners
- Temporary Residents or Expats
- Others
Our in-depth analysis of the Germany Used Car Market includes the following segments:
|
By Vendor: |
Organized
Unorganized
|
|
By Fuel Type: |
Petrol
Diesel
Electric
|
|
By Body Type: |
Hatchback
Sedan
SUVs and MPVs
|
|
By Sales Channel: |
Online
Offline
|
Key Topics Covered in the Report:
- Germany Used Car Market Size (FY’2024-FY’2033)
- Overview of Germany Used Car Market
- Segmentation of Germany Used Car Market By Vendor (Organized, Unorganized)
- Segmentation of Germany Used Car Market By Fuel Type (Petrol, Diesel, Electric, Others)
- Segmentation of Germany Used Car Market By Body Type (Hatchback, Sedan, SUVs and MPVs)
- Segmentation of Germany Used Car Market By Sales Channel (Online, Offline)
- Expansion Analysis of Germany Used Car Market
- Problems and Obstacles in Germany Used Car Market
- Competitive Landscape in the Germany Used Car Market
- Impact of COVID-19 and Demonetization on Germany Used Car Market
- Details on Current Investment in Germany Used Car Market
- Competitive Analysis of Germany Used Car Market
- Prominent Players in the Germany Used Car Market
- SWOT Analysis of Germany Used Car Market
- Germany Used Car Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Germany Used Car Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Germany Used Car Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Germany Used Car Market
7. Germany Used Car Market, By Vendor (USD Million)
7.1. Germany Used Car Market Value Share and Forecast, By Vendor, 2024-2033
7.2. Organized
7.3. Unorganized
8. Germany Used Car Market, By Fuel Type (USD Million)
8.1. Germany Used Car Market Value Share and Forecast, By Fuel Type, 2024-2033
8.2. Petrol
8.3. Diesel
8.4. Electric
8.5. Others
9. Germany Used Car Market, By Body Type (USD Million)
9.1. Germany Used Car Market Value Share and Forecast, By Body Type, 2024-2033
9.2. Hatchback
9.3. Sedan
9.4. SUVs and MPVs
10. Germany Used Car Market, By Sales Channel (USD Million)
10.1. Germany Used Car Market Value Share and Forecast, By Sales Channel, 2024-2033
10.2. Online
10.3. Offline
11. Germany Used Car Market Forecast, 2020-2033 (USD Million)
11.1. Germany Used Car Market Size and Market Share
12. Germany Used Car Market, By Vendor, 2020-2033 (USD Million)
12.1. Germany Used Car Market Size and Market Share By Vendor (2020-2026)
12.2. Germany Used Car Market Size and Market Share By Vendor (2027-2033)
13. Germany Used Car Market, By Body Type, 2020-2033 (USD Million)
13.1. Germany Used Car Market Size and Market Share By Body Type (2020-2026)
13.2. Germany Used Car Market Size and Market Share By Body Type (2027-2033)
14. Germany Used Car Market, By Body Type 2020-2033 (USD Million)
14.1. Germany Used Car Market Size and Market Share By Body Type (2020-2026)
14.2. Germany Used Car Market Size and Market Share By Body Type (2027-2033)
15. Germany Used Car Market, By Sales Channel, 2020-2033 (USD Million)
15.1. Germany Used Car Market Size and Market Share By Sales Channel (2020-2026)
15.2. Germany Used Car Market Size and Market Share By Sales Channel (2027-2033)
16. Germany Used Car Market, By Region, 2020-2033 (USD Million)
16.1. Germany Used Car Market Size and Market Share By Region (2020-2026)
16.2. Germany Used Car Market Size and Market Share By Region (2027-2033)
16.3. Eastern Region
16.4. Northern Region
16.5. Southern Region
16.6. Western Region
17. Company Profile
17.1. 12Gebrauchtwagen.de
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. AUTO1.com GmbH
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. AutoScout24 GmbH
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. CarNext.com
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Cazoo Ltd.
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Cinch Cars Limited
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Driverama Germany GmbH
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. mobile.de
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. OOYYO Corporation
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. pkw.de Autoborse GmbH
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. SAAM
17.11.1. Company details
17.11.2. Financial outlook
17.11.3. Product summary
17.11.4. Recent developments
17.12. TASA LogÃstica
17.12.1. Company details
17.12.2. Financial outlook
17.12.3. Product summary
17.12.4. Recent developments
17.13. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
