Switzerland Used Car Market Introduction and Overview
According to SPER Market Research, the Switzerland Used Car Market is estimated to reach USD 8.5 billion by 2033 with a CAGR of 6.01%.
A used car, also known as a pre-owned vehicle, is a car that has had previous owners and is sold in a second-hand condition rather than as a brand-new vehicle. These vehicles have been previously registered and used on the road, and their history can vary widely, including factors such as mileage, wear and tear, and maintenance records. Used cars are typically sold through various channels including dealerships, online platforms, and private sellers. They offer a more affordable alternative to new cars, often presenting a cost-effective option for buyers who seek value for money. However, purchasing a used car involves considerations such as the vehicle’s condition, history of accidents or repairs, and its adherence to current safety and emissions standards. Thorough inspection and verification of the car's history through reports and service records are crucial for buyers to ensure they are making a sound investment. The used car market is influenced by factors such as supply and demand, economic conditions, and regulatory requirements, which can affect pricing and availability.
- July 2023; Volkswagen Monetary Administrations AG obtained a half stake in Movon AG, an auxiliary of AMAG Renting AG in Switzerland. Through this procurement, AMAG Renting centres around armada renting and full-administration answers for clients and advanced instruments for armada proprietors and vendors.
- May 2023; ALD Car gained 100 percent of LeasePlan, one of the world's driving armada the executives and versatility organizations. Through this obtaining, ALD Auto will carry digitization to improve the offer of new and utilized vehicles.
Market Opportunities and Challenges
Opportunities- Progressions in innovation, including the reception of computerized stages, are fundamentally affecting the pre-owned vehicle market in Switzerland. Emil Frey Computerized and Mercedes-Benz have fashioned an organization to upgrade the advanced encounters and arrangements that support the global dispersion of Mercedes-Benz vehicles and administrations. The two organizations will cooperate on another advanced stage that will join the prescribed procedures and arrangements of Emil Frey Gathering and Mercedes-Benz. Innovative headways, like the utilization of web-based entertainment and the advancement of uses, have made it simpler to sell or purchase utilized vehicles than previously. These advanced devices give itemized experiences about the vehicle history, cost examination, and nitty-gritty review for the vehicles, subsequently empowering the purchasers to have better bits of knowledge.
Challenges- Ensuring transparency in the used car market can be challenging. Buyers need to trust that the information provided about a car's history and condition is accurate, and a lack of transparency can lead to disputes and dissatisfaction. Economic changes, such as fluctuations in currency exchange rates or economic downturns, can impact the used car market. These factors can influence prices, availability, and consumer confidence. The shift towards online platforms for buying and selling used cars introduces new challenges related to technology adoption, cybersecurity, and the need for digital literacy among both buyers and sellers. With growing awareness and concern about environmental issues, there is increasing pressure on the automotive industry to offer more eco-friendly options. This can affect the demand for certain types of used cars and influence market dynamics.
Market Competitive Landscape
The Switzerland Used Car Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are ALD Automotive, AMAG Automobil und Motoren AG, Auto Kunz AG, CAR FOR YOU AG, Emil Frey AG, Motor-Columbus AG, Ruedi Gossweiler AG, Schweizerische Auto-Garagen AG (SAG), and Suisse Auto.
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 Vehicle Type, By Vendor Type, By Fuel Type, By Sales Channel.
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| Regions covered | Zurich, Espace Mittelland, Lake Geneva Region, Northwestern Switzerland, Eastern Switzerland, Central Switzerland, Ticino and Rest of Switzerland.
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| Companies Covered | ALD Automotive, AMAG Automobil und Motoren AG, Auto Kunz AG, CAR FOR YOU AG, Emil Frey AG, Motor-Columbus AG, Ruedi Gossweiler AG, Schweizerische Auto-Garagen AG (SAG), and Suisse Auto. |
COVID-19 Impact on Switzerland Used Car Market
The COVID-19 pandemic had a notable impact on the used car market in Singapore. The pandemic disrupted global supply chains, affecting the availability of new cars and components. This led to a reduced supply of new vehicles, driving increased demand for used cars as buyers sought alternative options. The shortage of new cars, combined with increased demand for used vehicles, caused a significant rise in used car prices. Dealers and sellers capitalized on the high demand, which resulted in a sellers' market with elevated prices. With restrictions on public transportation and heightened health concerns, many consumers turned to private vehicle ownership as a safer and more convenient alternative. This shift increased interest in used cars as a practical choice during the pandemic.
Key Target Audience:
- Individual Buyers
- Leasing Companies
- Fleet Managers
- Dealerships and Resellers
- Automotive Enthusiasts
- Corporate Buyers
Our in-depth analysis of the Switzerland Used Car Market includes the following segments:
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By Vehicle Type:
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Hatchbacks
Sedan
Sports Utility Vehicle
Others
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By Vendor Type:
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Organized
Unorganized
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By Fuel Type:
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Gasoline
Diesel
Others
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By Sales Channel:
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Online
Offline
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Key Topics Covered in the Report:
- Switzerland Used Car Market Size (FY’2024-FY’2033)
- Overview of Switzerland Used Car Market
- Segmentation of Switzerland Used Car Market by Vehicle Type (Hatchbacks, Sedan, Sports Utility Vehicle, Others)
- Segmentation of Switzerland Used Car Market by Vendor Type (Organized, Unorganized)
- Segmentation of Switzerland Used Car Market by Fuel Type (Gasoline, Diesel, Others)
- Segmentation of Switzerland Used Car Market by Sales Channel (Online, Offline)
- Statistical Snap of Switzerland Used Car Market
- Expansion Analysis of Switzerland Used Car Market
- Problems and Obstacles in Switzerland Used Car Market
- Competitive Landscape in the Switzerland Used Car Market
- Impact of COVID-19 and Demonetization on Switzerland Used Car Market
- Details on Current Investment in Switzerland Used Car Market
- Competitive Analysis of Switzerland Used Car Market
- Prominent Players in the Switzerland Used Car Market
- SWOT Analysis of Switzerland Used Car Market
- Switzerland 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 Switzerland 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. Switzerland Used Car Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Switzerland Used Car Market
7. Switzerland Used Car Market, By Vehicle Type (USD Million) 2020-2033
7.1. Switzerland Used Car Market Size, Share and Forecast, By Vehicle Type, 2020-2026
7.2. Switzerland Used Car Market Size, Share and Forecast, By Vehicle Type, 2027-2033
7.3. Hatchbacks
7.4. Sedan
7.5. Sports Utility Vehicle
7.6. Others
8. Switzerland Used Car Market, By Vendor Type (USD Million) 2020-2033
8.1. Switzerland Used Car Market Size, Share and Forecast, By Vendor Type, 2020-2026
8.2. Switzerland Used Car Market Size, Share and Forecast, By Vendor Type, 2027-2033
8.3. Organized
8.4. Unorganized
9. Switzerland Used Car Market, By Fuel Type (USD Million) 2020-2033
9.1. Switzerland Used Car Market Size, Share and Forecast, By Fuel Type, 2020-2026
9.2. Switzerland Used Car Market Size, Share and Forecast, By Fuel Type, 2027-2033
9.3. Gasoline
9.4. Diesel
9.5. Others
10. Switzerland Used Car Market, By Sales Channel (USD Million) 2020-2033
10.1. Switzerland Used Car Market Size, Share and Forecast, By Sales Channel, 2020-2026
10.2. Switzerland Used Car Market Size, Share and Forecast, By Sales Channel, 2027-2033
10.3. Online
10.4. Offline
11. Switzerland Used Car Market Forecast, 2020-2033 (USD Million)
11.1. Switzerland Used Car Market Size and Market Share
12. Switzerland Used Car Market, By Region, 2020-2033 (USD Million)
12.1. Switzerland Used Car Market Size and Market Share By Region (2020-2026)
12.2. Switzerland Used Car Market Size and Market Share By Region (2027-2033)
12.3. Zurich
12.4. Espace Mittelland
12.5. Lake Geneva Region
12.6. Northwestern Switzerland
12.7. Eastern Switzerland
12.8. Central Switzerland
12.9. Ticino
12.10. Rest of Switzerland
13. Company Profile
13.1. ALD Automotive
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. AMAG Automobil und Motoren AG
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Auto Kunz AG
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. CAR FOR YOU AG
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Emil Frey AG
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Motor-Columbus AG
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Ruedi Gossweiler AG
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Schweizerische Auto-Garagen AG (SAG)
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Suisse Auto
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
14. Conclusion
15. List of Abbreviations
16. Reference Links
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.
