Netherlands Used Car Market Size (2024 - 2029)

The Netherlands used car market is experiencing growth, driven by factors such as the limited availability of new cars and the affordability of pre-owned vehicles. Despite challenges like rising prices and a trust deficit in the industry, the market is expanding as industry players invest in dealership networks, enhancing consumer confidence. The market's capacity is influenced by the increasing number of registered vehicles and the gradual recovery of the new car sector from supply chain disruptions.

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Market Size of Netherlands Used Car Industry

Netherlands Used Car Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.00 %
Market Concentration Medium

Major Players

Netherlands Used Car Market Major Players

*Disclaimer: Major Players sorted in no particular order

Netherlands Used Car Market Analysis

  • The Netherlands used car market is valued at USD 37.74 billion and is expected to surpass the market value of USD 45.78 billion by the end of the forecast period by registering a CAGR of 3%.
  • Although bicycling may be the national sport in the Netherlands, cars are just a little behind. In the country, there are 8.9 million passenger cars are actually on the road as of 2022. This translates to one for every 1.9 people.
  • According to statistics, there have been roughly 100,000 more cars registered each year since 2020, and if this trend continues, there may be around 10 million cars registered by the end of 2023. As of January 2023, there were around 340,583 plug-in electric vehicles (PEVs) on the road. This accounted for around 3.7% of the market. In the Netherlands, buying a pre-owned car comes with several advantages, including affordability and availability.
  • While the market for new cars is progressively rebounding from a global semiconductor chip shortage, the used car industry in the Netherlands is still failing to keep up with demand, so consumers may wish to adjust their expectations regarding prices. As a result, prices are still going up. For instance, the average cost of a used car on the AutoScout24.nl marketplace in November 2022 was USD 29280 and was anticipated to increase much more. It is also important that used cars come with fewer guarantees and more risks when it comes to dealing with individual sellers via online marketplace platforms. Many dealerships have used cars in their stock in the country.
  • The surge in used car sales can be attributed, in part, to customer's limited ability to purchase new cars. This trend has been further bolstered by significant investments made by industry players to expand their dealership networks within the used car market. The introduction of organized participants into the market in the country has addressed the trust deficit that has plagued the used car industry in the Netherlands for decades.

Netherlands Used Car Industry Segmentation

A used car, a pre-owned vehicle, or a second-hand car is a vehicle that has previously had one or more retail owners. On the other hand, a certified pre-owned (CPO) vehicle is a pre-owned vehicle that has been extensively inspected (pre-purchase inspection) and expertly reconditioned. The term ''used'' refers to the fact that the car has been driven and may have accumulated some wear and tear over its lifetime.

The scope of the Netherlands used car market is segmented by vehicle type and vendor. By vehicle type, the market is segmented into hatchbacks, sedans, sport utility vehicles, and multi-purpose vehicles. By vendor, the market is segmented into Organized and Unorganized.

For each segment, market sizing and forecast have been done based on value (USD billion).

By Vehicle Type
Hatchbacks
Sedan
Sports Utility Vehicles and Multi-Purpose Vehicles
By Vendor
Organized
Unorganized
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Netherlands Used Car Market Size Summary

The Netherlands used car market is experiencing a steady growth trajectory, driven by factors such as the affordability and availability of pre-owned vehicles. Despite the country's strong cycling culture, cars remain a significant mode of transport, with a substantial number of passenger cars on the road. The market is characterized by a moderate level of fragmentation, with key players like Marktplaats, AutoScout24, and others actively expanding their presence through strategic collaborations and acquisitions. The demand for used cars is further bolstered by the limited ability of consumers to purchase new vehicles, leading to increased interest in pre-owned options. This trend is supported by significant investments in expanding dealership networks and addressing trust issues within the market.

Government initiatives also play a crucial role in shaping the used car market, particularly with the promotion of used electric vehicles through subsidies. These incentives aim to make electric vehicles more accessible, aligning with the country's environmental goals. The market's growth is reflected in the rising prices of used cars, driven by high demand and a limited supply of recent models. The introduction of organized participants has helped mitigate trust deficits, enhancing consumer confidence. As the market continues to evolve, the demand for pre-owned vehicles is expected to maintain its upward momentum, positively impacting the overall market landscape in the Netherlands.

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Netherlands Used Car Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Buyers Inclination Towards Affordable Used Cars

      2. 1.1.2 Others

    2. 1.2 Market Restraints

      1. 1.2.1 Technology Advances, Older Used Cars May Lack the Latest Features

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size in Value - USD)

    1. 2.1 By Vehicle Type

      1. 2.1.1 Hatchbacks

      2. 2.1.2 Sedan

      3. 2.1.3 Sports Utility Vehicles and Multi-Purpose Vehicles

    2. 2.2 By Vendor

      1. 2.2.1 Organized

      2. 2.2.2 Unorganized

Netherlands Used Car Market Size FAQs

The Netherlands Used Car Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

AutoScout24, BOVAG, Marktplaats, Ooyyo and autokopen.nl are the major companies operating in the Netherlands Used Car Market.

Netherlands Used Car Market Report Snapshots

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