Dublin, Aug. 03, 2022 (GLOBE NEWSWIRE) -- The "European Used Car Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

This research service provides a comprehensive outlook of the used car market in Europe and offers meaningful insight for automotive companies wishing to explore this unique and competitive market.

After facing a challenging period in 2020, with isolation measures and economic difficulties due to the COVID-19 pandemic, Europe has started getting back to normal. However, although vaccination rates have advanced, some markets are still in crisis. The automotive market, for example, has not recovered to usual levels of new car sales.

Global microchip shortages and the current war between Russia and Ukraine have affected car production and stimulated the second-hand car market. The rising demand also impacted the average price of used cars, which increased in 2021 in Europe.

In 2021, 32.7 million second-hand cars were sold in Europe (considering the 11 countries in the scope of the study), and 3 countries (the United Kingdom, Germany, and France) accounted for 61.2% of the sales.

In western Europe, digital transactions are expected to increase, including for used car sales. In eastern Europe, the need for trustworthy technical car inspection companies is expected to drive market growth.

Key Topics Covered:

1. Strategic Imperatives

2. Growth Opportunity Analysis

3. Used Cars - Market Overview

4. Competitor Landscape Mapping and Analysis - Key Online Platforms

5. Key Used Car Dealers

6. Key OEM CPO Programs

7. Growth Opportunity Analysis, Used Cars, Western Europe

8. Growth Opportunity Analysis, Eastern Europe

9. Growth Opportunity Universe

10. Next Steps

For more information about this report visit https://www.researchandmarkets.com/r/mlxok0