Netherlands Used Car Market Size (2024 - 2029)

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).