France Used Car Market Overview, 2029

The lengthy waiting period for new automobiles is prompting many buyers across the country to opt for used vehicles, which is projected to boost market development in France. Rising income levels, greater demand for luxury automobiles, shorter car ownership durations, robust import-export activity, and a growing customer preference for small and compact vehicles are projected to contribute to the market's rise in the medium term. The French used automobile market is a thriving and diverse industry that plays an important role in the country's automotive environment. France, known for its rich automotive legacy, is home to renowned manufacturers such as Peugeot, Renault, and Citroen, contributing to a vibrant industry that provides consumers with a diverse range of used automobiles. Environmental concerns also have an impact on the French used automobile market, increasing demand for pre-owned electric and hybrid vehicles. The French government's attempts to promote sustainable transportation, such as electric vehicle subsidies, contribute to the increased availability and demand for eco-friendly vehicles. France's passion for automotive innovation can be seen in the used automobile market, where cars with modern technologies and safety features are in high demand. From compact city cars to larger family vehicles, the market caters to diverse needs, offering a range of options for consumers with varying preferences and lifestyles. French consumers prioritize safety features and technological advancements when choosing used cars. Models equipped with advanced safety systems, connectivity features, and modern infotainment options are likely to be well-received in the market. Citroën, a French automotive manufacturer, is known for its innovative and unique designs. The cultural influence of Citroën's distinctive models, such as the Citroën DS, can be seen in the used car preferences, with some buyers seeking cars that reflect certain French design flair. The French used car market has embraced online platforms, making it easier for consumers to research, compare, and purchase vehicles. The convenience of digital platforms has become a speciality, allowing buyers to browse extensive listings and connect with sellers from the comfort of their homes. According to the research report "France Used Car Market Overview, 2029," published by Bonafide Research, the France Used Car market is expected to add more than USD 29 Billion from 2024 to 2029. Digitalization has had a big impact on France's used automobile market trends. The purchasing and selling procedure now revolves around online platforms and mobile apps, which give customers a quick method to browse large listings, compare prices, and even finish transactions. In addition to making products more accessible to consumers, the move to digital platforms has improved market efficiency and transparency. Virtual showrooms, thorough vehicle descriptions, and online seller communication have become standard, changing the way used automobile sales typically work. Additionally, a new trend in the French used automobile industry is the incorporation of subscription-based models. Flexible substitutes for traditional ownership are car subscription services, where users pay a monthly fee to have access to a vehicle without the long-term commitment of ownership. This pattern is a reflection of a change in consumer behavior, especially among younger populations, who place a higher value on having access to a car without having to take on the obligations of ownership. The circular economy and sustainability initiatives are gaining traction in the French used car market. Consumers are increasingly drawn to the concept of extending the life cycle of vehicles through refurbishment and recycling. The trend towards circularity is not only environmentally conscious but also resonates with individuals seeking cost-effective and ethical alternatives to purchasing brand-new vehicles.

The vehicle type segment of the market includes conventional, hybrid and electric. Conventional vehicle type is majorly purchased used car in France. The market's availability of a diverse choice of second-hand conventional automobiles further contributes to their popularity. A vast collection of second-hand gasoline and diesel cars could accommodate a wide range of budgets and tastes. Conventional vehicles, particularly those fueled by diesel, frequently have greater driving ranges per tank of fuel. This can be especially appealing to people who routinely travel vast distances. Traditional automobiles are well-established and well-known to consumers. Many people in France are accustomed to traditional petrol or diesel cars, and their ease of use and familiarity with maintenance have contributed to their continued popularity in the used car market. Based on body type is divided into hatchbacks, sedan, SUV & MUV and others (Coupe & Convertible). Sedan body type is majorly preferred body type used car in France. Sedans are ideal for urban and suburban settings. Their small size and mobility make them useful for managing city traffic and fitting into parking spots, which is important in France's highly populated areas. Sedans are frequently linked with a professional and executive appearance. This perception may appeal to people who use their cars for work or who appreciate a vehicle that displays a certain level of sophistication. The fuel type segment is divided into petrol, diesel, others (CNG, PNG, electric, etc.). Diesel fuel type is growing in France used car market. Diesel vehicles often have higher driving ranges per tank of fuel than gasoline ones. This can be useful for people who routinely travel large distances. Diesel engines typically emit less carbon dioxide (CO2) than gasoline engines. This trait may be regarded favourably, particularly in a regulatory system that prioritizes environmental concerns. Diesel vehicles often have higher driving ranges per tank of fuel than gasoline ones. This can be useful for people who routinely travel large distances. Based on distribution channel market is divided into offline and online. Majority of used car are distributed through offline channel in France. Dealerships and used car lots have a major offline presence. The existence of actual sites where consumers can come, browse a selection of vehicles, and engage with sales experts contributes to the significance of offline channels. Offline channels enable sales personnel to provide individualized assistance by guiding buyers through the selection process, answering questions, and providing extra information. Considered in this report: • Geography: France • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report: • France Used Car market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Vehicle: • Conventional • Hybrid • Electric By Body Type: • Hatchbacks • Sedan • SUV • Others (Coupe & Convertible)

By Fuel Type: • Petrol • Diesel • Others (CNG, LPG, electric, etc.) By Vendor Type: • Organised • Unorganised By Size: • Mid-Size • Compact • SUVs By Distribution Channel: • Offline • Online The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Used Car industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.