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

Tuesday, December 10, 2019

Italy Used Car Market Growth Forecast: Ken Research

What Is The Competition Scenario In Italy Used Car Market?
Competition within Italy used cars the market was observed to be highly fragmented along with the presence of a large number of OEM certified dealerships, local dealers, multi-brand dealers, and individual sellers.
The OEM-certified dealers and multi-brand dealers make up the organized space in the used car market which accounts for around ~% of the market share in 2018. The multibrand dealership was observed to dominate the organized market of Italy with a market share of ~% in the year 2018. The local dealers and the individual seller’s together form the unorganized space in the overall used car market in Italy, which accounts for approximately ~% market share in the country, 2018. Major leaders in the offline dealerships in Italy used the car market include Auto Torino, Denicar FCA, Birindelli Auto Srl, Mocautogroup, GoodBuyAuto, Autoquattro, Schiatti Car Srl, Auto 500 and others. The online used car leaders in Italy used car market include true car, Autoscout24, Bakeca.it, Alvolante.it and other.
Italy Used Car Market
Most of the lead generation of the used car is contributed from the offline dealership stores. This is due to high reliability towards the offline dealerships as compared to booking the used cars online.   Parameters on the basis of which the used car dealerships compete are Number of dealers, Marketing Initiatives, Certification, Margins, Price, after-sales, Lead generation and Types of warranty.
Snapshot on Online Used Car Market
The surge in the number of online used car companies has to lead to an increase in the listing and advertisements by the used car dealers in the country. The online auctions companies’ have eased the process of bidding in an auction hazel free at the consumer’s convince. The customers can bid on the used cars in the auction without even visiting the store, which has contributed to the development of the online auction market of used cars.  Few popularly used car brands amongst the Italy online portals are Fiat, Volkswagen, Renault, Ford, and others. According to the industry articles, 70% of the consumers look for a used car online and then make a purchase at the store.
The used car dealerships in Italy have shifted from the traditional sales channel to the E-commerce sales channels owing to the increasing preference of the customers to search for a used car online before purchasing from a dealership. The online used car companies have made a comparison and the valuation of the used cars easier, attracting more customers.
Italy has witnessed a huge number of online searches for used cars as stated by INDICATA for the first seven months of 2019, which is expected to continue in the future.
The growth stage of the online channel for lead generation in Italy is at a growth stage with increasing preference of consumers to search for a used car online. Some of the leading players in the online used car market include Truecar, Autoscout24, Bakeca.it, Alvolante.it, Autorola Marketplace, Cargurus, BCA, Adesa, and others.
Snapshot on Auction Market
Used car Auction or Auto auctions are a method of selling the used cars at a platform (online or offline) where a large number of bidders bid on the used cars and the final bid the sale price of the used car. The dealers and the private individuals have a chance to get the used cars at a very low cost at the used car auctions. The price dealers pay for cars at auction vary with the age and model of the vehicle, the level of repair required before retail and the type of auction where it is sold.
The country has witnessed growth in the online used car auction platforms, which has eased the purchase of a used car for the customers. Car brokers with dealer licenses can give ordinary buyer’s access to cars that otherwise only dealers could buy. As a result, the car auction industry has grown in size and popularity, making it an excellent resource. Auctions take place in many forms such as Physical Auctions (In-lane auctions), digital auctions and mobile auctions.
 few major players in the used car auction industry in Italy are BCA (British Car Auction), ADESA (Cars on the web), Autorola Marketplace, Aste Auto and others. However, the market in Italy is saturated in terms of a number of auction dealers in the used car space.
There are different types of used car auctions which include Dealer auctions, Dynamic auctions, Blind Auction, Target the auction, and Buy now auction, Fleet auction, and Manufacturing auction.
Italy Used Car Market Future Outlook and Projections
Over the forecast period 2018-2023F, Italy Used Car market Gross Transaction Value (GTV) is further anticipated to increase to EUR ~ Billion by the year 2023F, thus showcasing a CAGR of ~%. The used car sales in Italy are forecasted to expand from ~ thousand units of used cars sold in 2018 to ~ thousand units of used cars sold in 2023F, growing at a Compound Annual Growth Rate (CAGR) of ~%. The country is also expected to witness growth in the average ticket price of a used car in the next few years by a CAGR of ~% during the period 2018 to 2023F. Low prices, easy availability of spare parts and higher resale value are some of the reasons contributing to the popularity of used cars in Italy. Rental companies have become one of the important sources of cars entering the used car market in Italy which has contributed to the growth of the market. The country is witnessing an increase in the number of used car dealers who are advertising their used cars for sale to the customers. The presence of these online portals in the country has made it convenient for the sellers as well as the consumers to meet at an online portal for the sale and purchase of the used cars. Demand for electric and hybrid cars is anticipated to grow in the future and would eventually lead to the growth of the used car market.
Key Segments Covered:-
By Type of Market Structure:
Organized Market
Multi-brand Dealerships
OEM Certified Dealerships
Unorganized Market
Customer to Customer
Online Sales
Local Dealers
By Car Make:
Fiat
Volkswagen
Renault
Ford
BMW & Mini
Opel
Mercedes
Audi
Toyota
Citroen
Nissan
Skoda
Others (Peugeot, Jeep, Dacia, Hyundai, Lancia, Kia, Alfa Romeo, Suzuki, MCC, Mini, Seat, Volvo, Land Rover, Mazda, Jaguar, Honda, Mitsubishi, Porsche, Subaru, Maserati, Ssangyong, Dr, Mahindra, Ferrari, Lotus, Lada and rest)
By Year of Ownership:
<2000
2000-2002
2003-2005
2006-2008
2009-2012
2013-2018
By Kilometers Driven:
Less than 5,000
5,000-20,000
20,000-50,000
50,000-80,000
80,000-120,000
Above 120,000
By Type of Used Cars:
Economy/Hatchback
MPV’s/Sedan
SUV’s
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
Companies Covered:-
Online Dealerships:
True Car
Autoscout24
Bakeca.it
Alvolante.it
Autorola Marketplace
Cargurus
Offline Dealerships:
Auto Torino
Denicar FCA
Birindelli Auto Srl
Mocautogroup
GoodBuyAuto
Autoquattro
Schiatti Car Srl
Auto 500
Key Topics Covered in the Report:-
Ratio of used to new cars Italy
Italy Used Car Market
Used Cars for Sale in Italy
Used cars from Italy
Import of used cars in Italy
Online listings used cars in Italy
Used Car Auction Italy
Second-hand cars by Kilometer Driven
Types of Used Cars in Italy
Transfer of Ownership in Italy
Used cars for sale in Milano Italy
Multi-Brand Used Car Dealership Market
Online Used Car Market Business Model
Best Selling Used Cars Market in Italy
Repossessed Cars for Sale in Italy
For More Information On The Research Report, Refer To Below Link:-
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Wednesday, November 27, 2019

Italy Used Car Market Research Report: Ken Research

How The Italy Used Car Market Is Positioned?
Italy Used Car Industry was observed to grow with a volatile growth pattern in the review period 2013-2018. Italy used the car market in terms of GTV has increased at a positive CAGR of ~% during the review period 2013-2018. The growth was supported by increased used car sales in the country owing to the slow growth of the new car market. The average ticket price of a used car was also observed to grow with a positive CAGR over the last 5 years. The used car dealerships in Italy have penetrated into the online space of the used car market to tap a larger market, which has contributed to the sale of used cars in Italy. Car financing options provided by used car dealerships have was also contributed to the growth of the used car market in Italy. The used car industry is booming with expanding sales volume owing to the change in customer perception towards used premium cars, expansion of online sales & lead generation by classified.
Italy Pre-Owned Car Market
Companies, diversified sources to finance the vehicle and better certifications available in the market The average ownership period has been observed to be of around 4-5 years in 2018. The used car market in Italy was observed to be dominating by Fiat, Volkswagen and others owing to the brand value and the trust customers have on these brands. The used to new car ratio has been found around ~ in 2018. Italy used car market was dominated by the organized used car dealerships in the country by both Multi-brand dealerships and OEM Certified dealerships with a market share of ~% in terms of sales volume in the year 2018. Competition within Italy Used Car market was observed to be highly fragmented with the presence of major offline and online players such as Auto Torino, Denicar FCA, GoodByeAuto, Autoquattro, True Car, Autoscout24, Bakeca.it, Alvolante.it and others.
Italy Used Car Market Segmentation
By Market Structure (Organized and Unorganized Market): the Organized market was observed to be dominating Italy used car market both in terms of sales volume and Gross Transaction Value (GTV). The organized market constituted a market share of ~% in terms of sales volume in the year 2018. The organized market was observed to be the dominator in Italy owing to the services provided by these dealerships and the larger presence that these dealerships have in the country. The trust factor on the dealerships in the organized market is higher as compared to the dealerships in the unorganized market.
By Organized Market (Multibrand dealerships and OEM Certified dealerships): The multi-brand dealerships dominated the organized market with a market share of ~% in terms of sales volume in the year 2018. The multibrand dealerships recorded a larger market share in the organized used car market owing to the larger presence in the country along with a wider brand portfolio available with them which helps consumers in comparing different brands and models.
By Unorganized Market (C2C, Online sales, and Local dealers): The Customer to customer segment dominated the unorganized used car market with a market share of ~%, followed by local dealers and online sales in the year 2018. The customer to customer segment dominated the unorganized used market in Italy owing to the lack of trust of customers have upon used car dealerships and low presence of dealerships in rural areas of the country.
By Year of Manufacture: Cars manufactured during the period 2009-2018 dominated Italy used cars market along with a massive collective volume share of ~% thus, evaluated around ~ thousand units during 2018. This segment recorded the highest sales owing to the fact that potential buyers had a large variety of used car models to choose from and the surge in demand for younger used cars was also an important contributor.
By Kilometers Driven: The used cars driven between 20,000 to 80,000 km are the most in-demand in Italy owing to the reason that these will not release higher pollutant emissions and are also a little cheaper as compared to the used cars between 5,000 to 20,000 km. The price of a used car is highly dependent upon the age of the car, the number of km it has run and how it has been maintained over the years. The customers choose the 5,000-20,000 km driven used cars so as to shun away from the penalty of emission norms.
By Type of Cars (MPVs / Sedans, Economy / Hatchbacks, and SUVs): Economy and Hatchback recorded the highest sales of used cars in the year 2018, contributing to a massive ~% share of the overall used car sales followed by SUV’s and MPV’s/Sedan. The most popular used cars in this segment include Fiat Panda, Fiat 500x, Volkswagen Golf, Volkswagen Polo BMW 3 series and many others.
Key Segments Covered:-
By Type of Market Structure:
Organized Market
Multi-brand Dealerships
OEM Certified Dealerships
Unorganized Market
Customer to Customer
Online Sales
Local Dealers
By Car Make:
Fiat
Volkswagen
Renault
Ford
BMW & Mini
Opel
Mercedes
Audi
Toyota
Citroen
Nissan
Skoda
Others (Peugeot, Jeep, Dacia, Hyundai, Lancia, Kia, Alfa Romeo, Suzuki, MCC, Mini, Seat, Volco,Land Rover, Mazda, Jaguar, Honda, Mitsubishi, Porsche, Subaru, Maserati, Ssangyong, Dr, Mahindra, Ferrari, Lotus, Lada and rest)
By Year of Ownership:
<2000
2000-2002
2003-2005
2006-2008
2009-2012
2013-2018
By Kilometers Driven:
Less than 5,000
5,000-20,000
20,000-50,000
50,000-80,000
80,000-120,000
Above 120,000
By Type of Used Cars:
Economy/Hatchback
MPV’s/Sedan
SUV’s
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
Companies Covered:-
Online Dealerships:
True Car
Autoscout24
Bakeca.it
Alvolante.it
Autorola Marketplace
Cargurus
Offline Dealerships:
Auto Torino
Denicar FCA
Birindelli Auto Srl
Mocautogroup
GoodBuyAuto
Autoquattro
Schiatti Car Srl
Auto 500
Key Topics Covered in the Report:-
Italy used SUV cars market
Electric used cars Market Italy
Used Cars for Sale in Italy
Used cars Market from Italy
Ratio of used to new cars Italy
Import of used cars in Italy
Online listings used cars in Italy
Online car dealership portals Italy
Used Car Auction Market Italy
Second-hand cars by Kilometer Driven
Commission in used car market Italy
Used cars for sale in Milano Italy
Working Model of Used Car Market Italy
Multi-Brand Used Car Dealership Market
Online Used Car Market Business Model
Average Car Sales per Branch Yearly In Italy
Auctioning Revenue of Used Cars in Italy
Italy Toyota Used Car Market Sales Forecast
Italy Nissan Used Car Market Sales Revenue
Slightly used cars Market in Italy
Used Vehicle Finance Market Italy
For More Information On The Research Report, Refer To Below Link:-
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Tuesday, November 26, 2019

Sourcing of Used Car from Car Rental Companies coupled with Availability of Financing Options has been driving the used car space in Italy: Ken Research

“Amplified demand for young used cars and the shift towards the E-commerce sales channel have driven the growth of the used car market in Italy.”
Shift from Traditional Sales Channel to E-commerce Channel: Italy is witnessing a growth in the listing of a used car on the online platforms by dealers as well as private individuals. The car buyers’ are now more aware and informed about the used car industry owing to which they research the use of cars online before they make a decision to purchase a particular brand. Also, as the companies list their used cars online along with the purchase price, it becomes easier for the buyer to compare the best possible options with its price and specifications. The immediacy of use, the ability to quickly find what the customers are looking for and to have access to a wider offer compared to traditional channels are the main reasons which drive a customer to look for a used car online.
Italy Used Car Market
Analysts at Ken Research in their latest publication Italy Used Car Market Outlook to 2023 – Led by Surge in Demand for Used Cars Backed by Improved Quality and Inspection of Used Cars” believe that the used cars industry in Italy has been growing and is expected that it will expand further owing to the used cars entering the market from car rental companies, the surge in demand for young used cars, the entrance of used car dealerships in the country, better services provided by the dealerships such as car financing, insurance, inspection and others, the rising number of online used car companies and others. The market is expected to register a positive CAGR of 3.9% in terms of sales volume of used cars and 6.0% in terms of Gross Transaction Value (GTV) during the forecast period 2018-2023F.
A surge in the sourcing of used cars from Rental companies: The private customers have developed an interest in the used cars provided by the rental companies owing to the certified documentation provided by these rental companies on the used cars. The sale of used cars to private customers was witnessed to increase in the past few years. The car rental companies have also increased the purchase of a used car in Italy. The used car allows cheaper rental offers, becoming more and more an affordable and appreciated option. Some of the main market players, such as LeasePlan or Arval, have begun to take advantage of the opportunities that used car represents. Cars that left the NLT (Northern Light Technologies) park in the first quarter of 2018 were distributed 7% to individuals, 11% exported and 79% to dealers.
Accessibility of Financing options: Companies operating through organized channels have tie-ups with banks and related financial institutions, thereby providing their customers with added financial assistance. As a result, leading to increased used car sales in Italy. Italy used car dealerships were not providing the financing options in the past few years as their primary focus was on the sale of the used car, owing to which the customers had to finance their used cars from banks which charged a huge interest rate. With the availability of car financing options at the dealerships over the years has eased the purchase of a used car in Italy for the customers.
Key Segments Covered:-
By Type of Market Structure:
Organized Market
Multi-brand Dealerships
OEM Certified Dealerships
Unorganized Market
Customer to Customer
Online Sales
Local Dealers
By Car Make:
Fiat
Volkswagen
Renault
Ford
BMW & Mini
Opel
Mercedes
Audi
Toyota
Citroen
Nissan
Skoda
Others (Peugeot, Jeep, Dacia, Hyundai, Lancia, Kia, Alfa Romeo, Suzuki, MCC, Mini, Seat, Volco, Land Rover, Mazda, Jaguar, Honda, Mitsubishi, Porsche, Subaru, Maserati, Ssangyong, Dr, Mahindra, Ferrari, Lotus, Lada and rest)
By Year of Ownership:
<2000
2000-2002
2003-2005
2006-2008
2009-2012
2013-2018
By Kilometers Driven:
Less than 5,000
5,000-20,000
20,000-50,000
50,000-80,000
80,000-120,000
Above 120,000
By Type of Used Cars:
Economy/Hatchback
MPV’s/Sedan
SUV’s
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
Companies Covered:-
Online Dealerships:
True Car
Autoscout24
Bakeca.it
Alvolante.it
Autorola Marketplace
Cargurus
Offline Dealerships:
Auto Torino
Denicar FCA
Birindelli Auto Srl
Mocautogroup
GoodBuyAuto
Autoquattro
Schiatti Car Srl
Auto 500
Key Topics Covered in the Report:-
Italy Used Car Market Overview and Genesis
Italy Used Car Market Supply Chain
Business Model Prevalent in Italy Offline Used Cars Market
Italy Used Car Market Size by GTV and Sales Volume
Italy Used Car Market Segmentation
Snapshot on Italy Used Car Auction Market
Government Regulations in Italy Used Car Market
Trends and Development in Italy Used Car Market
Issues and Challenges in Italy Used Car Market
Snapshot on Italy Online Used Cars Market
Competition Scenario in Italy Offline Used Cars Market
Italy Used Car Market Future Outlook and Projections, 2019-2023F
Analyst recommendations
Success Case Studies in India Used Car Market-OLX
For More Information On The Research Report, Refer To Below Link:-
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249