Spain Used Car Market Size & Outlook, 2024-2030
Spain used car market, 2018-2030 (US$M)
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Spain used car market highlights
- The Spain used car market generated a revenue of USD 48,202.6 million in 2022 and is expected to reach USD 77,355.0 million by 2030.
- The Spain market is expected to grow at a CAGR of 6.1% 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 48,202.6 million |
| Market revenue in 2030 | USD 77,355.0 million |
| Growth rate | 6.1% (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, Spain accounted for 2.9% 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 |
|---|
Spain 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 40.51% in 2024. Horizon Databook has segmented the Spain used car market based on hybrid, conventional, electric covering the revenue growth of each sub-segment from 2018 to 2030.
In Spain, online used car sales are expected to grow at a significant rate. The rising network of retail automotive franchised dealers over the online platform is positively impacting the used car sales. The increasing trend of subscription-based car usage allows users to own multiple used cars in a year in the country.
This trend is further expected to create significant growth opportunities for retail organized players in the market. In the country, the local government and organized players support the initiatives such as cash and incentive programs for purchasing a used car. Such trends are expected to propel the volume sales for used cars.
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Target buyers of Spain 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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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Spain used car market, including forecasts for subscribers. This country databook contains high-level insights into Spain used car market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain used car market size, by vehicle type, 2018-2030 (US$M)
Spain Used Car Market Share, 2024 & 2030 (US$M)
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