How big is the Spain Used Car Market?

The Spain Used Car Market size is expected to reach USD 45.40 billion in 2024 and grow at a CAGR of 7.25% to reach USD 64.42 billion by 2029. Read More

What is the current Spain Used Car Market size?

In 2024, the Spain Used Car Market size is expected to reach USD 45.40 billion. Read More

Who are the key players in Spain Used Car Market?

Webycar, VIVA AUTOS COSTA BLANCA SL, OcasionPlus, Autotrader Spain and OOYYO are the major companies operating in the Spain Used Car Market. Read More

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

In 2023, the Spain Used Car Market size was estimated at USD 42.11 billion. The report covers the Spain Used Car Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain Used Car Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Spain Used Car Market - Size, Trends & Forecast

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

The Spain Used Car Market Report is Segmented by Vehicle Type (Hatchbacks, Sedans, and Sport Utility Vehicles (SUVs) and Multi-Purpose Vehicles (MPVs)), Fuel Type (Gasoline, Diesel, Electric, and Others), Booking Type (Online and Offline), and Vendor Type (Organized and Unorganized). The Report Offers Market Sizes and Forecasts in Terms of Value (USD) for all the Above Segments.

Spain Used Car Industry Overview

The Spanish 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, and acquisitions, to expand their customer base. For instance,

In November 2023, the Madrid-based startup Cüimo secured EUR 900,000 (USD 969,525) in funding led by the Encomenda investment fund to accelerate its growth as the premier digital platform for second-hand vehicle transactions in Spain. Cüimo operates as a digital marketplace facilitating seamless online buying and selling experiences.
In January 2022, Cazoo announced that it had acquired Brum Brum, a leading used car retail and subscription player, for EUR 80 million (USD 90.76 million) in a mix of cash and Cazoo shares. Through this deal, Cazoo is expected to have a strong presence across each of the five largest European markets for used cars (France, Germany, Spain, Italy, and the United Kingdom).
In May 2022, Cazoo officially launched its used car business in Spain, following its expansion into France and Germany late in 2021. As part of its expansion into Spain, in November 2021, the group bought Barcelona-based car subscription service Swipcar for EUR 30 million (USD 31.52 million).