Market Share of Spain Used Car Industry
Spain used car market is moderately fragmented as it accommodates several regional and domestic players. Several players especially the online used car platform dealers and new entrants along with established players in the market are focusing on various growth strategies such as expansion, collaborative agreements, mergers, acquisitions, etc. to expand their customer base. For instance,
- In January 2022, Cazoo announced that it has acquired Brum Brum, a leading used car retail and subscription player for EUR 80 million in a mix of cash & Cazoo shares. Through this deal, Cazoo is expected to have a strong presence across each of the 5 largest European markets for used cars (France, Germany, Spain, Italy, and the UK).
- In December 2020, e online used-car platform heycar announced that it is expanding into the Spanish market, where prospective buyers can now find used vehicles with warranties under its online platform. The heycar brand is operating in Spain under the umbrella of Mobility Trader Spain S.L., a company in which the heycar Group (Mobility Trader Holding GmbH) holds 75.1 percent of the shares and SEAT S.A. holds 24.9 percent. The shareholders of the heycar Group are Volkswagen Financial Services AG, Volkswagen AG, and Daimler Mobility AG.
Spain Used Car Market Leaders
Webycar
BERGE Toyota
iCostamapps Autotrader
VIVA AUTOS COSTA BLANCA SL
OcasionPlus
*Disclaimer: Major Players sorted in no particular order
