The Europe used car market size reached around USD 475.17 Billion in 2025. The market is projected to grow at a CAGR of 4.30% between 2026 and 2035 to reach nearly USD 723.92 Billion by 2035.
Base Year
Historical Period
Forecast Period
In April 2024, the demand for second-hand automotives increased by 38.3% in Spain, which has increased the Europe used car market value.
In April 2024, the number of used vehicle transactions in the UK surged monthly by 9.1%, and recorded consistent growth, surpassing all other countries.
As per industry reports, 16% of European consumers prefer online distribution channels for purchasing used cars.
Compound Annual Growth Rate
4.3%
Value in USD Billion
2026-2035
*this image is indicative*
| Europe Used Car Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 475.17 |
| Market Size 2035 | USD Billion | 723.92 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 4.30% |
| CAGR 2026-2035 - Market by Country | Germany | 4.9% |
| CAGR 2026-2035 - Market by Country | United Kingdom | 4.6% |
| CAGR 2026-2035 - Market by Vehicle Type | Sports Utility Vehicle (SUV) | 4.8% |
| CAGR 2026-2035 - Market by Sales Channel | Online | 6.0% |
| 2025 Market Share by Country | Germany | 21.4% |
During H1 of FY 2024-25, the demand for used vehicles in Spain rose by 7.5%, which made it Europe’s fastest growing market. This was attributed to the increasing sales of 1-3 years old used cars, which recorded a y-o-y growth of 33.9% in H1 of 2024. As per the market analysis, over 50% of all vehicles sold were diesel-powered, with the sale of battery electric vehicles and plug-in hybrids surging by nearly 60% and 90% respectively. The increasing supply of second-hand automotives in Spain, due to the renewal of fleets by vehicle leasing and rental companies is expected to sustain the Europe used car market expansion over the forecast period.
As per the Society of Motor Manufacturers and Traders, the total number of used car transactions in the United Kingdom surged by 7.2% year-on-year in Q2 of 2024, reaching 1,963,395. In H1 of 2024, the market recorded a 6.8% volume growth in sales, surpassing only France and reaching 3,931,318 units. Moreover, the growing sales of second-hand automotives in the UK, including battery electric vehicles (52.6%), plug-in hybrids (25.2%), and full hybrids (43.6%) has boosted the Europe used car market revenue. While internal combustion engine vehicles accounted for around 92.4% of total transactions, the increasing preference for sustainable and comfortable transportation options is expected to increase the demand for EVs, thereby driving market growth.
Emerging demand for used cars in Italy and France; growth of professional dealerships; and shift towards digital platforms are factors favouring the Europe used car market growth.
In the second quarter of 2024, the total transaction volume for used vehicles surged by 9% in Italy, reaching 1,350,123. The total transaction volume grew year-on-year by 8.7% in H1 of 2024.
In H1 of 2024, the total number of used car transactions in France surged by 3.1% year-on-year, reaching 2,693,450. Around 1,357,084 vehicles were traded during April-June, recording a y-o-y growth of 4.2%. This has also increased the Europe used car market revenue.
Around 10% of used car sales in Europe are expected to take place online by 2025, which will further expand the share of online channels in the market.
In 2021, nearly 56% of all used cars in Europe were purchased in professional dealerships, while only 44% were acquired in private deals.
The number of used car transaction in April 2024 surged by 10.4% in France and by 2.7% in May 2024. This indicates the growing preference for cost-effective and stylish automotives among French consumers. Market expansion is also being driven by the increasing shift towards government-certified sustainable vehicles in France, with their demand increasing by 64% in April, 58% in May, and 73% in June 2024.
The EMR’s report titled “Europe Used Car Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Vehicle Type
Market Breakup by Fuel Type
Market Breakup by Vendor Type
Market Breakup by Application
Market Breakup by Country
| CAGR 2026-2035 - Market by | Country |
| Germany | 4.9% |
| United Kingdom | 4.6% |
| France | XX% |
| Italy | XX% |
| Others | XX% |
Based on country, the market is segmented into Germany, the United Kingdom, France, and Italy, among others. Germany is projected to dominate the market, representing 21.4% of the overall market share. Over the forecast period, the Europe used car market outlook is being influenced by the growing demand for used cars in Germany, which is expected to grow at a CAGR of 4.9% due to the robust presence of professional dealerships on digital platforms in the country.
Major players are introducing different SUV models on their digital platforms, which is accelerating their Europe used car market share.
Arnold Clark Automobiles Limited was founded in 1954 and is headquartered in Glasgow, United Kingdom. It is Europe’s biggest independent motor dealer, which also provides vehicle servicing and rental services to its customers.
Auto Empire Trading GmbH was founded in 2005 and is headquartered in Hessen, Germany. It sells a wide range of employees cars from brands such as BMW, Skoda, Mercedes, and Audi, among others.
AVAG Holding SE was founded in 1991 and is headquartered in Augsburg Germany. As per Europe used car market analysis, it is amongst Europe’s leading car dealership firms with a significant presence in Austria, Croatia, Poland, Slovenia, and Hungary.
DAT AUTOHUS AG was founded in 1996 and is headquartered in Niedersachsen, Germany. It is one of the leading professional remarketers of used vehicles in Europe.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players included in the Europe used car market report are Emil Frey AG, Gottfried Schultz Automobilhandels SE, Lookers Motor Group Limited, Pendragon Plc, Penske Automotive Group, and WELLER Holding SE & Co. KG, among others.
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In 2025, the market reached an approximate value of USD 475.17 Billion.
The market is projected to grow at a CAGR of 4.30% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a value of around USD 723.92 Billion by 2035.
The different countries considered in the Europe used car market report include Germany, the United Kingdom, France, and Italy, among others.
The different types of vehicles in the market are hatchbacks, sedans, and SUVs, among others.
The different vehicles based on fuel type include diesel, petrol, and electric, among others.
The different sales channels in the market are online and offline.
Key players in the market are Arnold Clark Automobiles Limited, Auto Empire Trading GmbH, AVAG Holding SE, DAT AUTOHUS AG, Emil Frey AG, Gottfried Schultz Automobilhandels SE, Lookers Motor Group Limited, Pendragon Plc, Penske Automotive Group, and WELLER Holding SE & Co. KG, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Vehicle Type |
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| Breakup by Fuel Type |
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| Breakup by Vendor Type |
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| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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