Market Share of Europe Used Car Industry
Several key players, including Lookers Plc, Pendragon PLC, AUTO ONE Group, Autorola Group Holding, Emil Frey AG, and others, dominate Europe's Used Car Market. The used car market is anticipated to witness a large number of used car dealers in both the organized and unorganized industries, owing to the growing demand for customers. Rising adoption of various growth strategies, such as expansion, partnerships, etc., to improve their presence and revenue shares in the market. For instance,
In June 2022, TrueCar Inc. acquired Digital Motors. This acquisition is intended to accelerate TrueCar's plan to deliver a robust digital car buying and selling experience with its TrueCar+ marketplace.
In May 2022, Renault sold its majority stake in the Russian car brand Lada. The company has sold its 68 percent in AvtoVaz, Lada's parent company, for one rouble.
Europe Used Car Market Leaders
Emil Frey AG
Autorola Group Holding
*Disclaimer: Major Players sorted in no particular order