Europe Used Car Market Size & Outlook, 2025-2030
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Europe used car market highlights
- The Europe used car market generated a revenue of USD 536,511.1 million in 2024.
- The market is expected to grow at a CAGR of 5.4% from 2025 to 2030.
- In terms of segment, conventional was the largest revenue generating vehicle type in 2024.
- Electric is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 536,511.1 million |
| Market revenue in 2030 | USD 740,911.8 million |
| Growth rate | 5.4% (CAGR from 2025 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Electric |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hybrid, Conventional, Electric |
| Key market players worldwide | Alibaba Group Holding Ltd ADR, CarMax Inc, Asbury Automotive Group Inc, TrueCar Inc, Scout24 SE, Lithia Motors Inc Class A, Group 1 Automotive Inc, EBay Inc, AutoNation Inc, Hendrick Automotive Group |
Other key industry trends
- In terms of revenue, Europe region accounted for 28.3% of the global used car market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 748,776.9 million by 2030.
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Used Car Market Scope
Used Car Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hendrick Automotive Group | View profile | 10001+ | Charlotte, North Carolina, United States, North America | http://www.hendrickauto.com/ |
| AutoNation Inc | View profile | 25300 | 200 South West 1st Avenue, Fort Lauderdale, FL, United States, 33301 | https://www.autonation.com |
| EBay Inc | View profile | 12300 | 2025 Hamilton Avenue, San Jose, CA, United States, 95125 | https://www.ebay.com |
| Group 1 Automotive Inc | View profile | 16011 | 800 Gessner, Suite 500, Houston, TX, United States, 77024 | https://www.group1auto.com |
| Lithia Motors Inc Class A | View profile | 27446 | 150 N. Bartlett Street, Medford, OR, United States, 97501 | https://www.lithia.com |
| Scout24 SE | View profile | 1055 | Invalidenstrasse 65, Berlin, BY, Germany, 10557 | https://www.scout24.com |
| TrueCar Inc | View profile | 324 | 1401 Ocean Avenue, Suite 200, Santa Monica, CA, United States, 90401 | https://www.truecar.com |
| Asbury Automotive Group Inc | View profile | 15000 | 2905 Premiere Parkway North West, Suite 300, Duluth, GA, United States, 30097 | https://www.asburyauto.com |
| CarMax Inc | View profile | 29836 | 12800 Tuckahoe Creek Parkway, Richmond, VA, United States, 23238 | https://www.carmax.com |
| Alibaba Group Holding Ltd ADR | View profile | 204891 | 1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, Hong Kong, | https://www.alibabagroup.com |
Europe used car market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to used car market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 42.74% in 2024. Horizon Databook has segmented the Europe used car market based on hybrid, conventional, electric covering the revenue growth of each sub-segment from 2018 to 2030.
The European market is witnessing a gradual fall in diesel supply used cars in the European countries, including the United Kingdom, Germany, France, Italy, and Spain. The reason for the trend can be attributed to the Green environment initiatives by various government authorities in the region.
For Instance, The Port town of Bristol, U.K., approved a ban on all privately-owned diesel vehicles from 2021 for a time period (between 7 am to 3 pm every day). Hence petrol used car segment is expected to gain prominence in the market over the forecast period.
The Europe region is among the prominent markets across all the regions in terms of total used car volume sales. The growth can be attributed to the scrappage scheme introduced by the region’s several ecological transition authorities, and this scheme motivates users to put their old vehicles in scrap and gain additional bonuses while trading in new and used cars.
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Target buyers of Europe used car market databook
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Our clientele includes a mix of used car market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe used car market, including forecasts for subscribers. This continent databook contains high-level insights into Europe used car market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe used car market size, by country, 2018-2030 (US$M)
Europe Used Car Market Share, 2024 & 2030 (US$M)
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