| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 48.69 Billion |
| Market Size (2030) | USD 69.09 Billion |
| CAGR (2025 - 2030) | 7.25 % |
| Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Spain Used Car Market Analysis
The Spain Used Car Market size is estimated at USD 48.69 billion in 2025, and is expected to reach USD 69.09 billion by 2030, at a CAGR of 7.25% during the forecast period (2025-2030).
Factors such as increasing car ownership, mounting penetration of the internet, and high depreciation rates of new cars are expected to drive the demand for used cars in the country. However, the market growth would be challenged by fluctuating prices of used cars, high maintenance and servicing costs, and lack of standardization and unorganized regulations for used cars in the country.
Moreover, rising demand for affordable used cars, the rising shift toward online buying, technological advancements, and reduced rates for car insurance premiums for used cars in the country are expected to offer lucrative opportunities for players operating in the market. In addition, over the last few years, electric vehicle prices have remained viable for consumers, which has become a significant driving factor for electric vehicle sales.
According to the price analysis of the last few years, used electric vehicle prices have been lower than those of used hybrid vehicles, and such trends promise optimistic growth of the market over the forecast period. The used car market in Spain is expected to expand, driven by factors such as affordability, availability, and changing consumer preferences. However, the exact scope of future growth will depend on a variety of factors, including the overall health of the economy, consumer preferences, and government policies affecting the automotive industry.
Spain Used Car Market Trends
The Sport Utility Vehicles (SUVs) and Multi-Purpose Vehicles (MPVs) Segment Holds a Significant Market Share
Sport utility vehicles and multi-purpose vehicles have become increasingly popular among Spanish used car buyers in recent years. Consumers are always interested in the current SUV models, while dealers compete to offer SUVs and MPVs for this growing market. The preference for SUVs and MPVs among the youth may be the driving force for this segment among domestic buyers.
Moreover, the country has a vibrant travel and tourism industry, and tourists and locals alike prefer these versatile vehicles for their spacious interiors, accommodating both passengers and luggage comfortably. The robust design of SUVs and MPVs suits the diverse terrains encountered during travel, providing a sense of reliability. The demand for these used cars has risen significantly. They are expected to have a decent proliferation over the coming years in the wake of changing perspectives of consumers, as secondhand cars are no longer stereotyped with downsized social status.
- In March 2023, monthly used passenger car and sport-utility vehicle sales in Spain were at their highest, with over 178,180 used cars sold across the country. In contrast, March 2022 reported the lowest sales.
- Nearly two used cars were purchased for every new car sold in Spain in 2022. This used car-to-new car ratio peaked in 2021 amid the automotive semiconductor shortage and is projected to remain at 1.8 used cars per new car or above through 2025.
The rise in the replacement of older internal combustion engine vehicles with new electric vehicles by fleet operators is anticipated to drive the influx of used cars in the market, which is likely to reduce the overall cost of used vehicles. Furthermore, with the shortage of new vehicles in the market, the demand for used cars is anticipated to witness steady growth during the forecast period.
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The Online Booking Segment is Likely to Play a Key Role in the Market
The online booking segment of the market is expected to occupy a predominant position during the forecast period. Consumers are moving away from traditional techniques and increasingly using internet platforms to acquire and sell used cars. Many European start-ups and auto portals are increasing their presence in Spain through mergers and acquisitions, collaborations, and other growth strategies, recognizing the industry's potential.
- Internet penetration in the country is relatively high. According to Statista, as of 2024, Spain had approximately 45.6 million internet users. It gained up to around 9.6 million online users over the last 10 years but registered its first negative growth rate since the beginning of the analyzed period, with around 0.09% fewer users than the previous year.
- As of June 2023, used diesel vehicles represented the largest share of the used vehicle inventory on online Spanish business-to-consumer marketplaces. Diesel vehicles were the most popular used car type based on online B2C sales in Spain in May 2023, amounting to 47.9% of the used car stock.
The development of online tools for sellers and buyers has made the market more competitive. In addition, the online availability of information, including prices, reviews, and specifications, leads to significant growth by dealers. With technically advanced tools integrating the latest technologies like artificial intelligence and machine learning, dealers are expanding their network and customer base. AI applications can evaluate the data stored in the dealer management system and aid in refining the marketing and sales strategies by modifying the car-buying experience.
- For instance, online sales channels such as CarMax and Impel are playing a vital role in country-specific market growth by targeting the domestic customer base. Various online channels are modifying their platforms to offer seamless car selling and buying experiences.
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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).
Spain Used Car Market Leaders
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Webycar
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VIVA AUTOS COSTA BLANCA SL
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OcasionPlus
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Autotrader Spain
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OOYYO
- *Disclaimer: Major Players sorted in no particular order
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Spain Used Car Market News
- January 2024: Norbolsa planned a digital platform for selling used cars in Spain with eight dealers and Arval, a BNP Paribas subsidiary. CaixaBank aims to boost consumer credit growth, offering pre-approved loans to low-risk customers.
- January 2024: Spain's government planned to expand its electric vehicle subsidy program, Moves III, to encompass pre-owned vehicles, provided they are less than one year old. Additionally, fleet operators are now eligible to apply for grants covering a greater number of electric vehicles compared to previous allowances.
Spain Used Car Industry Segmentation
A car, a pre-owned vehicle, or a secondhand car is a vehicle that has previously had one or more retail owners. A certified pre-owned (CPO) vehicle is a pre-owned vehicle that has been extensively inspected (pre-purchase inspection) and expertly reconditioned.
The Spanish used car market is segmented by vehicle body style, vendor type, booking type, and fuel type. By vehicle body style, the market is segmented into hatchbacks, sedans, and sport utility vehicles (SUVs) and multi-purpose vehicles (MPVs). By vendor type, the market is segmented into organized and unorganized. By booking type, the market is segmented into online and offline. By fuel type, the market is segmented into gasoline, diesel, electric, and others.
For each segment, market size and forecast are provided in terms of value (USD).
| By Vehicle Body Style | Hatchbacks |
| Sedans | |
| Sports Utility Vehicles (SUV) and Multi-purpose Vehicles (MPVs) | |
| By Vendor Type | Organized |
| Unorganized | |
| By Booking Type | Online |
| Offline | |
| By Fuel Type | Petrol |
| Diesel | |
| Electric | |
| Others |
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Spain Used Car Market Research FAQs
How big is the Spain Used Car Market?
The Spain Used Car Market size is expected to reach USD 48.69 billion in 2025 and grow at a CAGR of 7.25% to reach USD 69.09 billion by 2030.
What is the current Spain Used Car Market size?
In 2025, the Spain Used Car Market size is expected to reach USD 48.69 billion.
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.
What years does this Spain Used Car Market cover, and what was the market size in 2024?
In 2024, the Spain Used Car Market size was estimated at USD 45.16 billion. The report covers the Spain Used Car Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Spain Used Car Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Spain Used Car Industry Report
Statistics for the 2025 Spain Used Car market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain Used Car analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
