Europe Used Car Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

Europe Used Car Market Growth

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.

Key Trends and Developments

Europe Used Car Market Trends

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.

Europe Used Car Industry Segmentation

Europe Used Car Market Share

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.

Leading Companies in the Europe Used Car Market

Major players are introducing different SUV models on their digital platforms, which is accelerating their Europe used car market share.

Arnold Clark Automobiles Limited

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

Auto Empire Trading GmbH was founded in 2005 and is headquartered in Hessen, Germany. It sells a wide range of...

AVAG Holding SE

AVAG Holding SE was founded in 1991 and is headquartered in Augsburg Germany. As per Europe used car market an...

DAT AUTOHUS AG

DAT AUTOHUS AG was founded in 1996 and is headquartered in Niedersachsen, Germany. It is one of the leading pr...

*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.