Market Share of Italy Used Car Industry
Italy Used Car Market is a moderately consolidated one owing to the presence of several key players such as Penske Car, Carvago, Auto1.com, CAVAUTO Group, Italy Blue Auto Sales LLC, and many others. Further expansion of car dealers and key players strategies like partnerships, fleet expansions, etc. to support demand in the market. For instance,
- In January 2022, Cazoo, one of Europe's leading online car retailers, acquired an Italian online used car retailer and subscription platform Brum Brum for 80 million euros. Through this acquisition, Cazoo will launch its service across Italy.
- In November 2021, Carvago expanded its facility across Italy. The company offers 700 used cars to customers across the country.
- In July 2021, RCI Bank and Services, the Renault Group's automotive captive, acquired Bipi, a multi-brand platform that is a reference in car subscription offers for used vehicles. Bipi is present in Spain, France, and Italy.
Italy Used Car Market Leaders
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Penske Automotive Italy
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Italy Blue Auto Sales LLC
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CAVAUTO Group
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Auto1.Com
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Carvago
*Disclaimer: Major Players sorted in no particular order
