How big is the Belgium Used Car Market?

The Belgium Used Car Market size is expected to reach USD 15.95 billion in 2024 and grow at a CAGR of 7% to reach USD 22.37 billion by 2029. Read More

What is the current Belgium Used Car Market size?

In 2024, the Belgium Used Car Market size is expected to reach USD 15.95 billion. Read More

Who are the key players in Belgium Used Car Market?

Gocar.be, AutoScout24, Cardoen.be, AutoGids and Vroom are the major companies operating in the Belgium Used Car Market. Read More

What years does this Belgium Used Car Market cover, and what was the market size in 2023?

In 2023, the Belgium Used Car Market size was estimated at USD 14.83 billion. The report covers the Belgium Used Car Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Belgium Used Car Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Belgium Used Car Market Size & Share Analysis - Industry Research Report

Belgium Used Car Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Belgium 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.

Belgium Used Car Industry Overview

The market is fragmented and competitive, with various used car dealerships and online used car platforms operating across Belgium. Some of the major players include Gocar.be, AutoScout24, Cardoen.be, AutoGids, Vroom, OOYYO, True Car, YouCar Be, eBay (2dehands.be), and Auto Viger, among others. These players compete based on various parameters such as used car prices, online presence, value-added offerings such as warranty and financing options, commissions charged, number of listings on their platform, and ready information on the performance of used vehicles, among others.

Various companies operating in the ecosystem are actively engaging in enhancing their brand presence to expand their business capability across Belgium. For instance,

In August 2023, Wijkopenautos, an online platform for selling used cars, announced the opening of its new branch in Retie, Belgium, to cater to customers from this municipality. The brand new branch in the Veldenstraat is the fifth branch in the province of Antwerp, where customers can go for a final evaluation check and handover of their car.

In May 2023, Lynk & Co signed up with BCA Europe for the remarketing of its used cars in seven European markets, including Belgium, France, Germany, Italy, Netherlands, Spain, and Sweden. The partnership aims to provide a subscription and a remote inspection tool to customers with the 01 model. Following the remote inspection, the vehicles will further be inspected, reconditioned, and sold by BCA to its customers.