Germany Used Car Market Size & Outlook, 2024-2030
Germany used car market, 2018-2030 (US$M)
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Germany used car market highlights
- The Germany used car market generated a revenue of USD 349,127.0 million in 2022 and is expected to reach USD 502,986.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.7% 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 349,127.0 million |
| Market revenue in 2030 | USD 502,986.5 million |
| Growth rate | 4.7% (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, Germany accounted for 21.1% 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 |
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Germany 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 40.5% in 2024. Horizon Databook has segmented the Germany used car market based on hybrid, conventional, electric covering the revenue growth of each sub-segment from 2018 to 2030.
In July 2020, the used car sales in Germany increased around 13% year-on-year basis, according to Autovista Group. Throughout the year 2020, Germany has shown higher growth than other European countries. In 2019, Germany led the European used car market and contributed approximately 24% of the region's total market share.
The country used car sales are expected to grow at a significant CAGR in the coming years. The increasing prominence of online used-car companies and the expanding network of used-car franchises and dealerships is expected to propel the market growth.
The German market is witnessing a gradual increase in demand for used electric vehicles, and the growth is attributed to local government authorities' environmental awareness programs to reduce carbon emissions by using green energy.
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Target buyers of Germany 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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Horizon Databook provides a detailed overview of country-level data and insights on the Germany used car market, including forecasts for subscribers. This country databook contains high-level insights into Germany used car market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany used car market size, by vehicle type, 2018-2030 (US$M)
Germany Used Car Market Share, 2024 & 2030 (US$M)
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