Portugal Used Car Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 28.01 Billion |
| Market Size (2030) | USD 40.43 Billion |
| CAGR (2025 - 2030) | 5.88% |
| Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Portugal Used Car Market Analysis
The Portugal Used Car Market size is estimated at USD 28.01 billion in 2025, and is expected to reach USD 40.43 billion by 2030, at a CAGR of 5.88% during the forecast period (2025-2030).
Portugal's used car market is undergoing a transformation, influenced by changing consumer preferences, economic shifts, and technological advancements. Economic indicators like GDP growth, income levels, and employment rates determine consumer purchasing power, which in turn affects the demand for used cars. Generally, when economic conditions stabilize or improve, spending on durable goods, including cars, sees a significant rise.
As consumers increasingly favor personal mobility, the demand for personal vehicles is set to rise. Online platforms offering flexible payment options have prompted industry players to price used cars more competitively. Additionally, car dealers in Portugal are bolstering used car sales with their flexible financing options.
Looking ahead, the used car market in Portugal is poised for growth, fueled by factors like affordability, availability, and evolving consumer preferences.
- In Jan 2024, the Portugal Automobile Association (ACAP) reported that half of the population desires a new car, about 30% are eyeing newer secondhand models, and the remaining 20% are inclined towards used cars.
With internet penetration on the rise in Portugal, online platforms for buying and selling used cars are witnessing a surge in demand. These platforms have simplified transactions and broadened the market's reach. The adoption of technology, particularly through online marketplaces and mobile apps, has facilitated smoother interactions between buyers and sellers. Collectively, these developments are set to drive the growth of Portugal's used car market.
Portugal's used car market presents lucrative opportunities for buyers and sellers alike, but it demands a keen focus on quality and safety. Additionally, the increasing array of value-added services, coupled with diverse financing options for used car credit, is poised to further bolster the nation's used car market.
Portugal Used Car Market Trends
Online Booking Segment is Likely to Drive the Market
Due to the increasing digitization and the ability of the companies to provide immersive purchase experiences remotely the Portugal used car market is expected to witness significant growth.
Tech-savvy young individuals are increasingly adopting advanced technologies. This trend, combined with the rise of e-commerce marketplaces and aggressive online advertising strategies by companies, is fueling the demand for used cars on online platforms. These platforms empower consumers by providing comprehensive vehicle information, including make, model, kilometers driven, engine capacity, and overall condition.
Global brands have intensified the demand for luxury SUVs in Portugal. Additionally, distinct local dynamics have significantly influenced the country's burgeoning luxury used car market.With urbanization on the rise, many in Portugal are opting for used cars over new ones, drawn by their affordability and fuel efficiency.
- According to the World Bank, In 2023, Portugal's urban population held steady at approximately 67.91 percent, marking a peak for the nation. As urbanization intensifies, so does the demand for cars. Many urban dwellers are opting for used cars over new ones, fueling the growth of the used car market.
Online platforms have transformed the landscape of buying and selling used cars, streamlining transactions and broadening market access. By harnessing technology, particularly through online marketplaces and mobile applications, these platforms have strengthened the connection between buyers and sellers.
Key players in Portugal's used car market include autto.pt, BCA, Guia do Automóvel, Auto Sapo, OOYYO Corp, among others. These platforms present a wide array of used cars, detailing specifications, pricing, and images. This level of transparency enables buyers to make well-informed decisions, reducing the necessity for in-person visits to dealerships. Such advancements from online platforms are set to drive the market's expansion.
Used Electric Cars to Remain the Preferred Vehicle Type in Portugal
Portugal's electric car market, still in its infancy, is on the brink of a major surge. As awareness of electric vehicle advantages grows among the Portuguese, and with the country's infrastructural advancements and favorable policies, the market is primed for substantial growth.
The portugal experienced economic recovery in the recent years, but manu consumers still prioritize affordability. Used cars are typically much cheaper than new vehciles, making them a mire viable option for a larger portion of the population, paticularly those who are budget consious of facing economic constraints.
- For instance, As of June 2023, a used car cost on average 23,750 euros in the Portuguese market. This was a year-over-year price inflation of around 8.45 percent compared to the average recorded at mid-year in 2022, despite prices stabilizing in the fourth quarter of 2022.
Also, the New electric cars can be significantly expensive than the traditional internal combustion engine vehciles, largely due to the cost of the battery. Used EVs offer more afforadable alternative, making electric mobility accessible to a wider range of costumers, paticularly those who are price-senstive.
With the government support and the incentives offers such as financial intcentives for purchasing both Electric vehicles, such as subsidies, vehicle taxes. These incentives reduce the total cost of ownership making the Used EVs more attractive which will drive the market.
The market is poised for significant growth in the coming years, driven by the increasing importation of EVs into the country. The rapid expansion of used car dealerships across the nation is expected to further propel market growth.
Portugal Used Car Industry Overview
In Portugal, a multitude of used car dealerships and online platforms create a fragmented and fiercely competitive market. Key players include OOYYO Corp, ALD Automotive, BCA, Guia do Automo, and others. These industry leaders compete on various fronts: pricing of used cars, their online visibility, value-added services like warranties and financing, commission structures, the number of listings they offer, and the depth of information provided about each vehicle's performance and condition.
- In Feb 2023, Based on Portuguese Automobile Association (ACAP) data, Imported used cars makes more than two-third of the national car market.
- In 2022, the Portuguese light passenger vehicle market saw over 67 percent of its sales come from used vehicles imported from the European Union, as reported by the Portuguese Automobile Association (ACAP). This marked a significant year-over-year increase of 17.6 percentage points, a surge attributed in part to the semiconductor shortage that affected inventories of new cars.
Portugal Used Car Market Leaders
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OOYYO Corp
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ALD Automotive
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Auto SAPO
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BCA.
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Guia do Automóvel.
- *Disclaimer: Major Players sorted in no particular order
Portugal Used Car Market News
- June 2024: In June 2024, Stellantis, announced the opening of a business-to-business marketplace Spoticar Trade for pre-owned car sales in the European countries like Portugal, Italy, Germany, Spain, France, the Netherlands, Belgium and Austria.
- September 2024: In September 2024, The Automóvel Club de Portugal (ACP) urged the Government to adopt three urgent measures in the 2025 State Budget. One key proposal is a direct support of up to 6,000 euros for scrapping end-of-life vehicles. ACP advocates that the reinstated scrapping incentive should encompass all light vehicles aged over 15 years, with heightened benefits for purchasers of new or pre-owned combustion, hybrid, or electric vehicles.
Portugal Used Car Industry Segmentation
The Portugal Used Car Market is Segmented by Vehicle Type (Hatchbacks, Sedans, and Sports Utility Vehicles/Multi-Purpose Vehicles), Vendor Type (Organized and Unorganized), Fuel Type (Petrol, Diesel, Electric, and Other Fuel Types (LPG, CNG, Etc. ), and Sales Channel (Online and Offline).
The Report Offers the Market Size and Forecast in Value (USD) for all the Above Segments.
| By Vehicle Type | Hatchback |
| Sedan | |
| Sports Utility Vehicle(SUVs) | |
| Multi-Purpose Vehicles(MPVs) | |
| By Vendor | Organized |
| Unorganized | |
| By Fuel Type | Petrol |
| Diesel | |
| Electric | |
| Other Fuel Types | |
| By Sales Channel | Online |
| Offline |
| Hatchback |
| Sedan |
| Sports Utility Vehicle(SUVs) |
| Multi-Purpose Vehicles(MPVs) |
| Organized |
| Unorganized |
| Petrol |
| Diesel |
| Electric |
| Other Fuel Types |
| Online |
| Offline |
Portugal Used Car Market Research FAQs
How big is the Portugal Used Car Market?
The Portugal Used Car Market size is expected to reach USD 28.01 billion in 2025 and grow at a CAGR of 5.88% to reach USD 40.43 billion by 2030.
What is the current Portugal Used Car Market size?
In 2025, the Portugal Used Car Market size is expected to reach USD 28.01 billion.
Who are the key players in Portugal Used Car Market?
OOYYO Corp, ALD Automotive, Auto SAPO, BCA. and Guia do Automóvel. are the major companies operating in the Portugal Used Car Market.
What years does this Portugal Used Car Market cover, and what was the market size in 2024?
In 2024, the Portugal Used Car Market size was estimated at USD 26.36 billion. The report covers the Portugal Used Car Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Portugal Used Car Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Portugal Used Car Industry Report
Statistics for the 2025 Portugal Used Car market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Portugal Used Car analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
