Showing posts with label France Used Car Industry. Show all posts
Showing posts with label France Used Car Industry. Show all posts

Wednesday, August 2, 2023

France Used Cars Market Outlook to 2027: Ken Research

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Future Outlook of France Used Cars Market: Ken Research

Focus on Embracing Digitization, New Government Policies and Entry of Online portals in the market are major factors contributing towards the development of Used Car Market in France.

Digitization in Sale of Used Cars: Online sales have emerged as a critical market growth factor. Online penetration by dealership companies has played an important role in allowing customers access with a single click. The existence of such developments resulted in a cumulative growth in demand for used cars. AUTO1.com, one of the largest wholesale used car platforms, seeing a year-over-year increase of more than 100 per cent in B2B trading of battery-electric (BEV), plug-in-hybrid (PHEV), and hybrid vehicles (HEVs), totalling more than ~ unit sales.

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Introduction of EV Models: Increased investment in the electric segment is also one of the key reasons, which positively impacts the market demand. With the availability of a supply chain network for used cars in the market, significant traction in terms of volume sales is expected. EVs are making their way into the used car market in greater numbers. In terms of selling at least one EV unit in 2021, French dealers contribute around 32 per cent in the EU countries.

Government Regulations: French law states that you must declare the sale of your used car by correctly completing a document entitled a declaration de cession dune vehicle. This needs to be completed irrespective of the value or age of the vehicle. The old document had three pages: one for the seller, one for the buyer and one for your local préfecture. The new version now has just two pages: one for the seller and one for the buyer. Your local prefecture no longer plays any role in this process. Instead, l’Agence Nationale des Titres Sécurisés (ANTS) performs this function. These clear specifications in the government rules and regulations is expected to positively impact the used car market in France.

Analysts at Ken Research in their latest publication France Used Car Market Outlook to 2023 – Surge in Demand for Rental Cars Backed by Increased Online Used Car Sales by Ken Research observed that the used car market is an emerging automotive market in France at rebounding stage from the economic crisis after the pandemic. The rising government policies and demand for the used car industry, increase in disposable income along with rising online platforms for used cars is expected to contribute to the market growth over the forecast period. The market is expected to grow at ~% CAGR during 2021-2026F owing to an increase in prices of new cars, a rise in demand for used cars and government initiatives.

Key Segments Covered in the report: –

France Used Car Market

By Type of Market Structure

  • Organized Channel
  • Unorganized Channel
  • OEM Certified Franchise Dealers
  • Multi Brand Dealers
  • DDSA
  • C2C Transaction
  • Local Dealership
  • Auction Companies

By Type Of Car

  • Sedan
  • Hatchback
  • SUV
  • Van
  • Crossover
  • Others

By Age of Vehicle

  • 0-2 years
  • 2-4 years
  • 4-6 years
  • 6-8 years
  • 8-10 years
  • More than 10 years

By Kms Driven and Type of Fuel Engine

  • 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

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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
  • Car manufacturing Companies
  • Tourism Agencies
  • Government Bodies & Regulating Authorities

Time Period Captured in the Report:

  • Historical Period: 2017-2021
  • Base Period: 2022
  • Forecast Period: 2023-2027F

Companies Covered:

Online Companies Covered:

  • Aramisauto
  • Autoscout24
  • La Centrale
  • Paru Vendu
  • Leboncoin
  • BYmyCAR
  • Auto-selection

 Offline Companies Covered:

  • Emil Frey France
  • Geudet
  • BYmyCAR
  • Bernard Automobiles
  • Car Avenue
  • Maurin
  • Jean Rouyer Automobiles

Key Topics Covered in the Report

  • Introduction to France Used Car Market
  • France Used Car Market Size, 2017-2022
  • France Used Car Market Segmentation
  • Trends and Developments in France Used Car Market
  • Issues and Challenges in France Used Car Market
  • Used Car Market Supply Chain
  • France Used Car Auction Market
  • Online Comparative Landscape in France Used Car Market
  • Offline Comparative Landscape in France Used Car Market
  • Government Regulations in France Used Car Market
  • Business Model in Online Used Car /Market
  • Working Model in France Used Car Market
  • Case Study- Dutch Renault Dealer Group- How To Sell Off The Old Stock In The Inventory?
  • France Used Car Market Future Outlook and Projections, 2023-2027F
  • Analyst Recommendation for France’s Used Car Market

To Know More about this report, download a Free Sample Report: –

France Used Cars Market Outlook to 2027

Related Reports by Ken Research: –

Saudi Arabia Used Car Market Outlook to 2026F

Egypt Used Car Market Outlook to 2026

Wednesday, January 11, 2023

France Used Cars Market Future Outlook, Analysis, and Growth Rate: Ken Research

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France Used Car Market Ecosystem

The France Used Car Auctions market is moderately fragmented with multiple dealers (both organized and unorganized) operating in the industry. Majority of the used cars are sourced from car-rental/ leasing companies & auctions.

Direct buying from consumers or individual sellers is another major source.

Key Findings

  • France used car market is at a late growth stage along with a single-digit CAGR in terms of sales volume.
  • Amid the COVID-19 pandemic-associated lockdown, the demand for used cars witnessed a halt in sales for the first half of the year 2020. However, since the second half of the year 2020, the demand for used vehicles started to pick the pace and continued until 2021
  • In 2021, more than six million cars have changed hands in a single year.
  • The prolonged waiting period for new vehicles encourages a large number of customers across the country to opt for used vehicles, which is likely to drive market growth during the forecast period.

France Used Cars Market

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The surge in Demand of Used Cars in France: The surge in the adoption of car financing and insurance options at the used car dealerships in France will lead to significant growth in the used car market. The used car industry is anticipated to grow in the next few years owing to the fall in new car sales due to the ban on diesel and petrol cars. The French people will take time to shift from fuel cars to electric cars, which will contribute to the growth of the used car market. The country would be witnessing a growth in used car dealerships, leading to the increased availability of used cars for customers.

Government Initiatives to Regulate France Used Car Market: The implementation of government policies for low-emission zones and other regulations may have a slight negative impact on the used car market. However, the simplification of the procedure for purchasing a used car would also contribute to the growth of the used car market in the next few years.

Challenges Faced By The Industry: Some of the unorganized players do not provide warranties on pre-owned vehicles. Furthermore, some sellers commit fraud by re-painting and removing dents from accident vehicles to conceal their damage and obtain a falsely inflated value, which causes buyers to be hesitant in purchasing used cars. As a result, the higher rate of malpractice and unorganized dealers' larger market share pose a threat to the growth of the used car market.

Analysts at Ken Research in their latest publication France Used Car Market Outlook to 2023 – Surge in Demand for Rental Cars Backed by Increased Online Used Car Sales” by Ken Research observed that used car market is an emerging automotive market in France at rebounding stage from the economic crisis after pandemic. The rising government policies and demand for used car industry, increase in disposable income along with rising online platforms for used cars is expected to contribute to the market growth over the forecast period. The market is expected to grow at ~% CAGR during 2021-2026F owing to increase in prices of new cars, rise in demand for used cars and government initiatives.

Key Segments Covered in the report: -

      France Used Car Market

By Type of Market Structure

  • Organized Channel
  • Unorganized Channel
  • OEM Certified Franchise Dealers
  • Multi Brand Dealers
  • DDSA
  • C2C Transaction
  • Local Dealership
  • Auction Companies

To more about industry trends, Request a free Expert call

By Type of Car

  • Sedan
  • Hatchback
  • SUV
  • Van
  • Crossover
  • Others

By Age of Vehicle

  • 0-2 years
  • 2-4 years
  • 4-6 years
  • 6-8 years
  • 8-10 years
  • More than 10 years

By Kms Driven and Type of Fuel Engine

  • 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

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
  • Car manufacturing Companies
  • Tourism Agencies
  • Government Bodies & Regulating Authorities

Time Period Captured in the Report:

  • Historical Period: 2017-2021
  • Base Period: 2022
  • Forecast Period: 2023-2027F

Visit this Link Request for a custom report

Companies Covered:

Online Companies Covered:

  • Aramisauto
  • Autoscout24
  • La Centrale
  • Paru Vendu
  • Leboncoin
  • BYmyCAR
  • Auto-selection

 Offline Companies Covered:

  • Emil Frey France
  • Geudet
  • BYmyCAR
  • Bernard Automobiles
  • Car Avenue
  • Maurin
  • Jean Rouyer Automobiles

Key Topics Covered in the Report

  • Introduction to France Used Car Market
  • France Used Car Market Size, 2017-2022
  • France Used Car Market Segmentation
  • Trends and Developments in France Used Car Market
  • Issues and Challenges in France Used Car Market
  • Used Car Market Supply Chain
  • France Used Car Auction Market
  • Online Comparative Landscape in France Used Car Market
  • Offline Comparative Landscape in France Used Car Market
  • Government Regulations in France Used Car Market
  • Business Model in Online Used Car /Market
  • Working Model in France Used Car Market
  • Case Study- Dutch Renault Dealer Group- How To Sell Off The Old Stock In The Inventory?
  • France Used Car Market Future Outlook and Projections, 2023-2027F
  • Analyst Recommendation for France Used Car Market

To Know More about this report, download a Free Sample Report: -

Future Outlook of France Used Cars Market

Related Reports by Ken Research: -

Saudi Arabia Used Car Market Outlook to 2026F

Egypt Used Car Market Outlook to 2026

Saturday, December 31, 2022

Future Outlook of France Used Cars Market: Ken Research

 Buy Now

Focus on Embracing Digitization, New Government Policies and Entry of Online portals in the market are major factors contributing towards the development of Used Car Market in France.

Digitization in Sale of Used Cars: Online sales have emerged as a critical market growth factor. Online penetration by dealership companies has played an important role in allowing customers access with a single click. The existence of such developments resulted in a cumulative growth in demand for used cars. AUTO1.com, one of the largest wholesale used car platforms, seeing a year-over-year increase of more than 100 per cent in B2B trading of battery-electric (BEV), plug-in-hybrid (PHEV), and hybrid vehicles (HEVs), totalling more than ~ unit sales.

France Used Cars Market Share

To Know More about this report, download a Free Sample Report

Introduction of EV Models: Increased investment in the electric segment is also one of the key reasons, which positively impacts the market demand. With the availability of a supply chain network for used cars in the market, significant traction in terms of volume sales is expected. EVs are making their way into the used car market in greater numbers. In terms of selling at least one EV unit in 2021, French dealers contribute around 32 per cent in the EU countries.

Government Regulations: French law states that you must declare the sale of your used car by correctly completing a document entitled a declaration de cession dune vehicle. This needs to be completed irrespective of the value or age of the vehicle. The old document had three pages: one for the seller, one for the buyer and one for your local préfecture. The new version now has just two pages: one for the seller and one for the buyer. Your local prefecture no longer plays any role in this process. Instead, l’Agence Nationale des Titres Sécurisés (ANTS) performs this function. These clear specifications in the government rules and regulations is expected to positively impact the used car market in France.

Analysts at Ken Research in their latest publication France Used Car Market Outlook to 2023 – Surge in Demand for Rental Cars Backed by Increased Online Used Car Sales” by Ken Research observed that the used car market is an emerging automotive market in France at rebounding stage from the economic crisis after the pandemic. The rising government policies and demand for the used car industry, increase in disposable income along with rising online platforms for used cars is expected to contribute to the market growth over the forecast period. The market is expected to grow at ~% CAGR during 2021-2026F owing to an increase in prices of new cars, a rise in demand for used cars and government initiatives.

Key Segments Covered in the report: -

      France Used Car Market

By Type of Market Structure

  • Organized Channel
  • Unorganized Channel
  • OEM Certified Franchise Dealers
  • Multi Brand Dealers
  • DDSA
  • C2C Transaction
  • Local Dealership
  • Auction Companies

To more about industry trends, Request a free Expert call

By Type Of Car

  • Sedan
  • Hatchback
  • SUV
  • Van
  • Crossover
  • Others

By Age of Vehicle

  • 0-2 years
  • 2-4 years
  • 4-6 years
  • 6-8 years
  • 8-10 years
  • More than 10 years

By Kms Driven and Type of Fuel Engine

  • 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

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
  • Car manufacturing Companies
  • Tourism Agencies
  • Government Bodies & Regulating Authorities

Time Period Captured in the Report:

  • Historical Period: 2017-2021
  • Base Period: 2022
  • Forecast Period: 2023-2027F

Visit this Link Request for a custom report

Companies Covered:

Online Companies Covered:

  • Aramisauto
  • Autoscout24
  • La Centrale
  • Paru Vendu
  • Leboncoin
  • BYmyCAR
  • Auto-selection

 Offline Companies Covered:

  • Emil Frey France
  • Geudet
  • BYmyCAR
  • Bernard Automobiles
  • Car Avenue
  • Maurin
  • Jean Rouyer Automobiles

Key Topics Covered in the Report

  • Introduction to France Used Car Market
  • France Used Car Market Size, 2017-2022
  • France Used Car Market Segmentation
  • Trends and Developments in France Used Car Market
  • Issues and Challenges in France Used Car Market
  • Used Car Market Supply Chain
  • France Used Car Auction Market
  • Online Comparative Landscape in France Used Car Market
  • Offline Comparative Landscape in France Used Car Market
  • Government Regulations in France Used Car Market
  • Business Model in Online Used Car /Market
  • Working Model in France Used Car Market
  • Case Study- Dutch Renault Dealer Group- How To Sell Off The Old Stock In The Inventory?
  • France Used Car Market Future Outlook and Projections, 2023-2027F
  • Analyst Recommendation for France's Used Car Market

To Know More about this report, download a Free Sample Report: -

Future Outlook of France Used Cars Market

Related Reports by Ken Research: -

Saudi Arabia Used Car Market Outlook to 2026F

Egypt Used Car Market Outlook to 2026

Friday, November 29, 2019

France Used Car Market Outlook to 2023: Ken Research

The report titled France Used Car Market Outlook to 2023 – Surge in Demand for Rental Cars Backed by Increased Online Used Car Sales provides a comprehensive analysis of used car market in France. The report focuses on overall market size in terms of sales volume of used cars; France used car market segmentation by Market Structure (Organized and Unorganized Market); Channel based on Organized Market (Multi-brand Dealers and OEM-Certified Dealers); Channel based on Unorganized Market (C2C and Local Dealers); Lead Generation (Dealer Walk-ins and Online Portals); By Car Make (Renault, Peugeot, Citroen, Volkswagen, Audi, Ford, BMW, Mercedes, Opel, Nissan, and others); Ownership Period (Less than 6 Years, 6 – 10 Years, 11 – 15 Years and More than 16 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 (MPVs / Sedan, Economy / Hatchbacks and SUVs); and Fuel Type (Diesel, Gasoline, Hybrid, and Others). The report also covers the overall comparative landscape, trends and growth drivers, issues and the challenge, market share in terms of sales volume and government regulations. The report concludes with future projections and analyst recommendations highlighting the major opportunities and cautions.
France Used Car Market
Market Overview and Size
France used car market is at a late growth stage along with single-digit CAGR in terms of sales volume during the year 2018. Factors such as increased online penetration by the dealership companies, availability of the financing and insurance options make it convenient and easy for the customers and provide a pleasant experience to the buyers of the used car. Shift from a traditional sales channel to E-commerce the channel, the surge in the demand for younger used cars and others have helped the used the car industry to grow in France in terms of sales volume.
Market Segmentation
By Market Structure (Organized and Unorganized Market): The unorganized used car market is leading in France owing to the ease of buying and selling processes involved in the used car market. It has been observed that the major transactions happen between private sellers or individuals in the country.
By Organized Market (Multi-brand Dealerships and OEM Certified Dealerships): The multi-brand dealerships recorded a larger market share in the organized used car market owing to the fact that the multi-brand used car dealers have various brands and models available with them and the consumers have the choice of comparing and then purchasing the used cars. Additionally, the organized 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 Sales and Local Dealers): The Customer to customer segment dominated the unorganized used car market with a significant market share in the country followed by online sales and local Dealerships. The customer to customer is preferred by the French people as they find the used car buying process quite complicated and expensive from a dealership.
By Type of Used Car (MPVs / Sedan, Economy / Hatchbacks and SUVs): Sedans have the highest market share followed by SUVs and Hatchback in the year 2018. This is due to Sedans offer better space, practicality and in some cars, a better resale value.
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 20,000-80,000 km driven dominated France used cars the market in terms of sales volume in the year 2018. Further, used cars falling in the range of 80,000-120,000 km and above have grabbed the second-highest market share and others.
By Ownership Period (Less Than 6 Years, 6 – 10 Years, 11 – 15 Years And More Than 16 Years): The used cars which are less than 6 years old have captured the major market share in the French used car market. The least market share is of those used cars aged more than 16 years in the country.
By Car Make (Renault, Peugeot, Citroen, Volkswagen, Audi, Ford, BMW, Mercedes, Opel, Nissan, And Others): The most preferred used car brands in France were observed to be Renault, Peugeot, Citroen, and other brands, owing to the fact that the market share of the new car sales of these brands are high due to which customers have established a trust factor with these brands. Moreover, these brands have huge networking across the country to make sure that they are at a reachable distance from the customers.
Comparative Landscape of France Used Car Market
France used car market was observed to be highly fragmented along with the presence of multiple outlets of the dealerships in the used car space. Gueudet, BYmyCAR, Bernard Automobiles, Car Avenue and many others are the few major companies in the online and offline used car market. These market players compete on the basis of the number of networks, marketing initiatives, certification, margins, price, after-sales, lead generation, warranty types, brand partnerships and a number of dealers associated with the dealer group.
France Used Car Market Future Outlook and Projections
In the future, it is anticipated that France used car market in terms of GTV and sales volume will increase at a positive CAGR during the forecast period 2019–2023 due to an increased number of dealerships and the number of lead generations through the online portals. The new entrants in the used car market in France are contributing to the growth of this industry. 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. The implementation of government policies for low emission zones and other regulations may have a slight negative impact on the used car market. However, the simplification of the procedure for purchasing a used car would also contribute to the growth of the used car market in the next few years.
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 and Local Dealerships)
By Lead Generation (Dealerships Walk-ins and Online Car Portals)
Type of Used Cars
MPVs / Sedans
Economy / Hatchbacks
SUVs
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
< 6 Years
6 to 10 Years
11 to 15 Years
> 16 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 - 2018-2023F
Online Companies Covered:-
Aramisauto
Autoscout24
La Centrale
Paru Vendu
Leboncoin
BYmyCAR
Auto-selection
Offline Companies Covered:-
Emil Frey France
Geudet
BYmyCAR
Bernard Automobiles
Car Avenue
Maurin
Jean Rouyer Automobiles
Key Topics Covered in the Report:-
Introduction to France Used Car Market
France Used Car Market Size, 2013-2018
France Used Car Market Segmentation, 2018
Trends and Developments in France Used Car Market
Issues and Challenges in France Used Car Market
Used Car Market Supply Chain
France Used Car Auction Market
Online Comparative Landscape in France Used Car Market
Offline Comparative Landscape in France Used Car Market
Government Regulations in France Used Car Market
Business Model in Online Used Car /Market
Working Model in France Used Car Market
Case Study- Dutch Renault Dealer Group- How To Sell Off The Old Stock In The Inventory?
France Used Car Market Future Outlook and Projections, 2018-2023
Analyst Recommendation for France Used Car Market
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