Europe Used Car Market to 2032
Overview
The Europe Used Car Market is expected to reach a 415,268.81 USD Billion by 2032 and is projected to grow at a CAGR of 9.94% from 2025 to 2032.
Revenue, 2024 (USD Billion)
233,278.55
Forecast, 2032 (USD Billion)
415,268.81
CAGR, 2024 - 2032
9.94%
Report Coverage
Europe
Europe Used Car Market 2018-2032 USD Billion
Europe Used Car Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 233,278.55 USD Billion
- Projected Market Size (2032): 415,268.81 USD Billion
- CAGR (2025-2032): 9.94%
Key Findings of Europe Used Car Market
- The Europe Used Car Market was valued at 233,278.55 USD Billion in 2024.
- The Europe Used Car Market is likely to grow at a CAGR of 9.94% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Passenger Cars in Vehicle Type Segment accounted for the largest share of the market with a revenue of 173,738.86 USD Billion
- The fastest growing segment Organised in Vendor Type Segment grew Fastest with a CAGR of 11.05% during the forecast period from 2024 to 2032.
Europe Used Car Market Scope
Europe Used Car Market Segmentation & Scope
Sales Channel
- Online
- Offline
Vehicle Type
- Electric Vehicle
- HCV
- LCV
- Passenger Cars
Dealership
- Independent
- Franchised
Vendor Type
- Unorganised
- Organised
Propulsion Type
- Others
- CNG
- LPG
- Electric
- Diesel
- Petrol
Engine Capacity
- Full Size (Above 2500 CC)
- Mid-Size (1500-2499 CC)
- Small (Below 1499 CC)
Europe Used Car Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 233,278.55 USD Billion |
| Market Value in 2032 | 415,268.81 USD Billion |
| CAGR (2025-2032) | 9.94% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Sales Channel,Vehicle Type,Dealership,Vendor Type,Propulsion Type,Engine Capacity |
Regional Insights:
-
Leading Market (2024-2032): Europe, leading in terms of revenue 233,278.55 USD Billion in 2024
- Key Country: Germany, leading in terms of revenue with value of 47,367.43 USD Billion in 2024.
Segments and Scope
-
Europe Used Car Market to 2032, By Sales Channel
- Offline is the largest segment in Europe Used Car Market to 2032 with a revenue of 160,703.18 USD Billion in the year 2024.
- Online is the Fastest growing segment in Europe Used Car Market to 2032 with a Growth rate of 9.46 % in forecast period 2025-2032.
-
Europe Used Car Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in Europe Used Car Market to 2032 with a revenue of 173,738.86 USD Billion in the year 2024.
- Passenger Cars is the Fastest growing segment in Europe Used Car Market to 2032 with a Growth rate of 10.39 % in forecast period 2025-2032.
-
Europe Used Car Market to 2032, By Dealership
- Franchised is the largest segment in Europe Used Car Market to 2032 with a revenue of 140,159.58 USD Billion in the year 2024.
- Franchised is the Fastest growing segment in Europe Used Car Market to 2032 with a Growth rate of 10.58 % in forecast period 2025-2032.
-
Europe Used Car Market to 2032, By Vendor Type
- Organised is the largest segment in Europe Used Car Market to 2032 with a revenue of 134,545.09 USD Billion in the year 2024.
- Organised is the Fastest growing segment in Europe Used Car Market to 2032 with a Growth rate of 11.05 % in forecast period 2025-2032.
-
Europe Used Car Market to 2032, By Propulsion Type
- Petrol is the largest segment in Europe Used Car Market to 2032 with a revenue of 135,342.60 USD Billion in the year 2024.
- Petrol is the Fastest growing segment in Europe Used Car Market to 2032 with a Growth rate of 10.45 % in forecast period 2025-2032.
-
Europe Used Car Market to 2032, By Engine Capacity
- Small (Below 1499 CC) is the largest segment in Europe Used Car Market to 2032 with a revenue of 125,831.32 USD Billion in the year 2024.
- Small (Below 1499 CC) is the Fastest growing segment in Europe Used Car Market to 2032 with a Growth rate of 10.56 % in forecast period 2025-2032.
Europe Used Car Market Company Share Analysis
| Company Name |
|
||
| Hendrick Automotive Group | |||
| Asbury Automotive Group | |||
| AutoNation | |||
| CarMax Enterprise Services, LLC | |||
| LITHIA MOTORS., INC. | |||
Europe Used Car Market Geographical Sales Distribution, 2018-2032 USD Billion
Europe Used Car Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Europe Used Car Market is segmented based on Segmentation Sales Channel,Vehicle Type,Dealership,Vendor Type,Propulsion Type,Engine Capacity.
Europe Used Car Market was valued at USD 233,278.55(Revenue in USD Billion) in 2020.
Europe Used Car Market is projected to grow at a CAGR of 9.94% during the forecast period of 2024 to 2032.
The Passenger Cars segment is expected to dominate the Europe Used Car Market, holding a largest market share of 173,738.86 USD Billion in 2024
Europe Used Car Market Scope
Europe Used Car Market Segmentation & Scope
Sales Channel
- Online
- Offline
Vehicle Type
- Electric Vehicle
- HCV
- LCV
- Passenger Cars
Dealership
- Independent
- Franchised
Vendor Type
- Unorganised
- Organised
Propulsion Type
- Others
- CNG
- LPG
- Electric
- Diesel
- Petrol
Engine Capacity
- Full Size (Above 2500 CC)
- Mid-Size (1500-2499 CC)
- Small (Below 1499 CC)
Frequently Asked Questions
The Europe Used Car Market is segmented based on Segmentation Sales Channel,Vehicle Type,Dealership,Vendor Type,Propulsion Type,Engine Capacity.
Europe Used Car Market was valued at USD 233,278.55(Revenue in USD Billion) in 2020.
Europe Used Car Market is projected to grow at a CAGR of 9.94% during the forecast period of 2024 to 2032.
The estimated market value of the Europe Used Car Market for final year is USD 415,268.81 (USD Billion).
Europe Used Car Market Company Profiling
Frequently Asked Questions
The Europe Used Car Market is segmented based on Segmentation Sales Channel,Vehicle Type,Dealership,Vendor Type,Propulsion Type,Engine Capacity.
Europe Used Car Market was valued at USD 233,278.55(Revenue in USD Billion) in 2020.
Europe Used Car Market is projected to grow at a CAGR of 9.94% during the forecast period of 2024 to 2032.
The estimated market value of the Europe Used Car Market for final year is USD 415,268.81 (USD Billion).
CHOOSE LICENCE TYPE
- 4200.00
- 3500.00
- 2000.00
- 5500.00
- 8500.00
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.