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Europe Used Cars Market Share

Report ID: GMI11060
Published Date: Aug 2024
Report Format: PDF

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Europe Used Cars Market Share

Emil Frey Group and AVAG Holding dominate the market with around 3% of the Germany used cars industry share in 2023. Emil Frey Group leverages its digital arm, Emil Frey Digital, to pioneer industry-leading software solutions tailored for the Europe used car industry. By facilitating seamless web and mobile applications, the Group empowers car distributors, buyers, and insurers to embrace digital transformation. Through customer segmentation, targeted communication, and real-time performance tracking, Emil Frey Group ensures a 360-degree view of customer data, driving efficiency and competitive advantage in the digital age.

AVAG Holding SE strategically positions itself in the Europe used car market by leveraging its diverse portfolio of exclusive car dealerships. Operating under the umbrella of AVAG Holding SE, such as the Thomas car dealership, enables access to a central warehouse stocked with over 10,000 vehicles. This extensive inventory, coupled with efficient delivery mechanisms, empowers the company to swiftly meet customer demands, enhancing its competitive edge and market presence.

Europe Used Cars Market Companies

Major players operating in the Europe used cars industry are:

Alphartis Deutschland
AMAG Schweiz
Autotorino Italien
AVAG Holding Deutschland
Avemo Deutschland
Bernard Frankreich
Bertel O. Steen Norwegen
Bilia Schweden
BPM Frankreich
Emil Frey Group

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of used cars in Europe USD 725.4 billion in 2023 and will achieve a 4% CAGR between 2024 and 2032, led by increasing consumer preference for cost-effective, high-value vehicles and the economic benefits of purchasing pre-owned cars.

The SUV segment held over 52% share in 2023, primarily due to growing consumer preference for versatile, spacious, and high-performance vehicles.

Western Europe market recorded 45% share in 2023, owing to its mature automotive sector, high vehicle ownership rates, and strong consumer demand for pre-owned vehicles.

Some of the prominent players operating in the market are Alphartis Deutschland, AMAG Schweiz, Autotorino Italien, AVAG Holding Deutschland, Avemo Deutschland, Bernard Frankreich, Bertel O. Steen Norwegen, Bilia Schweden, BPM Frankreich, and Emil Frey Group, among others.