France Used Car Market Size & Outlook, 2024-2030
France used car market, 2018-2030 (US$M)
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France used car market highlights
- The France used car market generated a revenue of USD 59,619.5 million in 2022 and is expected to reach USD 99,663.4 million by 2030.
- The France market is expected to grow at a CAGR of 6.6% from 2023 to 2030.
- In terms of segment, conventional was the largest revenue generating vehicle type in 2022.
- Electric is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
Used car market data book summary
| Market revenue in 2022 | USD 59,619.5 million |
| Market revenue in 2030 | USD 99,663.4 million |
| Growth rate | 6.6% (CAGR from 2022 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Electric |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 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, France accounted for 3.6% of the global used car market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany used car market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 99,663.4 million by 2030.
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Used Car Market Scope
Used Car Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
France 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 45.7% in 2024. Horizon Databook has segmented the France used car market based on hybrid, conventional, electric covering the revenue growth of each sub-segment from 2018 to 2030.
In France, the used car sales have performed better than new car sales in the first half of 2020. As per the Society of Motor Manufacturers and Traders report, the used car sales have declined by 17.4% at the starting of the year, whereas new car sales have a 38.6% fall in new car registration for the first half-year of 2020.
In the used-car market, France is expected to register the highest growth rate in the European region. The growth can be attributed to the increasing demand for private transportation modes across the country as the country's government is opting for stringent safety measures against the Coronavirus.
The rising trend of hybrid and plug-in hybrid used cars sales is gaining traction as the country’s local government authorities promote the use of hybrid and battery electric vehicle cars. These government steps are expected to increase the sales of hybrid and electric cars over the forecast period.
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Our clientele includes a mix of used car market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the France used car market, including forecasts for subscribers. This country databook contains high-level insights into France used car market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France used car market size, by vehicle type, 2018-2030 (US$M)
France Used Car Market Share, 2024 & 2030 (US$M)
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