Spain Used Car Market

Spain Used Car Market Size and Share:

The Spain used car market size reached 1.95 Million Units in 2024 Looking forward, IMARC Group expects the market to reach 3.65 Million Units by 2033, exhibiting a growth rate (CAGR) of 6.70% during 2025-2033. The market is driven by high new vehicle costs, supply chain disruptions affecting new car availability, increasing consumer preference for affordable mobility, and the rise of online platforms simplifying transactions. Additionally, economic uncertainty and growing demand for electric and hybrid second-hand vehicles are accelerating market expansion.

Spain Used Car Market Trends:

Rise of Online Marketplaces and Digital Transactions

The increasing adoption of digital platforms is transforming Spain’s used car market, enabling buyers and sellers to conduct transactions more efficiently. For instance, in December 2024, CaixaBank launched FaciliteaCoches, a digital used car marketplace in Spain, featuring 5,000 vehicles from over 150 dealers. The platform allows customers to purchase used cars (under six years old and 100,000 km) with financing provided by CaixaBank. Dealers handle vehicle delivery, and transactions are fully digital. The initiative aligns with CaixaBank’s SelectPlace platform for consumer financing, strengthening its position in the digital auto retail sector while enhancing financing accessibility for used car buyers. Online marketplaces offer transparent pricing, vehicle history reports, and financing options, reducing reliance on traditional dealerships. Consumers now prefer browsing extensive inventories, comparing models, and finalizing purchases from home, enhancing market accessibility. AI-driven tools for valuation and fraud detection are further strengthening trust in online transactions. Automotive e-commerce platforms are also expanding their services, integrating home delivery and remote vehicle inspections.

Growing Demand for Electric and Hybrid Used Vehicles

The transition toward sustainable mobility is influencing Spain’s used car market, with increasing demand for second-hand electric and hybrid vehicles. Government incentives promoting electric vehicle adoption, combined with rising fuel costs and low-emission zone regulations in major cities, are encouraging consumers to consider eco-friendly alternatives. For instance, Spain's Moves III EV subsidy covers pre-owned electric vehicles under one year old. Initially for new EVs, the program’s budget rose by €400 million. Subsidies remain €7,000 for electric cars, €9,000 for vans, and €5,000 for plug-in hybrids. GANVAM urges extending eligibility to 36-month-old models for affordability. Fleet operators can now apply for up to 250 subsidized vehicles (previously 50), and dealers can sell 90 demonstration vehicles (previously 30). Buyers seeking affordability and sustainability opt for used electric models, which are becoming more available as early adopters upgrade to newer versions. Moreover, advancements in battery life and expanding charging infrastructure are reducing concerns about range limitations, making pre-owned electric cars a more viable option. As supply improves and prices become more competitive, the secondary market for electric and hybrid vehicles is expected to expand, contributing to Spain’s overall automotive sustainability efforts.

Economic Uncertainty Driving Increased Used Car Sales

The Spain used car market is experiencing strong growth, driven by affordability concerns and shifting consumer preferences. In February 2024, in Spain, used car sales rose by 4.9% to 161,110 units, contributing to a 10.9% year-to-date increase, reaching 320,732 units. Rental fleet sales surged by 36.1% to 14,393 units, supporting market expansion. Older vehicles dominate, with cars over 15 years old accounting for 40% of sales, reflecting a 2% rise from 2023. High inflation, increased new car prices, and supply chain challenges continue to push buyers toward second-hand options. Additionally, online platforms and digital marketplaces simplify transactions, enhancing accessibility for consumers. The trend indicates sustained demand for pre-owned vehicles, reinforcing the importance of fleet renewal and affordable mobility solutions.

Spain Used Car Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on vehicle body style, vendor type, booking type, and fuel type.

Vehicle Body Style Insights:

• Hatchbacks
• Sedans
• Sports Utility Vehicles (SUV) and Multi-purpose Vehicles (MPVs) 

A detailed breakup and analysis of the market based on the vehicle body style have been provided in the report. This includes hatchbacks, sedans, and sports utility vehicles (SUV) and Multi-purpose vehicles (MPVs).

Vendor Type Insights:

• Organized
• Unorganized

A detailed breakup and analysis of the market based on the vendor type have also been provided in the report. This includes organized and unorganized.

Booking Type Insights:

• Online
• Offline

A detailed breakup and analysis of the market based on the booking type have also been provided in the report. This includes online and offline.

Fuel Type Insights:

• Petrol
• Diesel
• Electric
• Others

A detailed breakup and analysis of the market based on the fuel type have also been provided in the report. This includes petrol, diesel, electric, and others.

Regional Insights:

• Northern Spain
• Eastern Spain
• Southern Spain
• Central Spain

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern, Eastern, Southern, and Central Spain.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Spain Used Car Market News: 

• In February 2025, Barcelona-based Dealcar, a SaaS platform for used car dealerships, secured €3 million in seed funding to expand its operations and develop its payment solution, Dealcar Pay. Dealcar currently collaborates with over 150 dealerships, managing 8,000 cars daily.
• In January 2025, Santander Group introduced Re Estrena, a long-term used vehicle rental service in Spain, including insurance, roadside assistance, and maintenance in the monthly fee. Vehicles, sourced from its own fleet and leased units, are under three years old with low mileage and regular servicing. Santander, Spain’s largest bank by market capitalization, also operates Santander Renting for new vehicle rentals and owns Coches.com, a used car marketplace. This launch strengthens Santander’s footprint in digital auto retail and mobility solutions.

Spain Used Car Market Report Coverage:

Key Questions Answered in This Report:

• How has the Spain used car market performed so far and how will it perform in the coming years?
• What is the breakup of the Spain used car market on the basis of vehicle body style?
• What is the breakup of the Spain used car market on the basis of vendor type?
• What is the breakup of the Spain used car market on the basis of booking type?
• What is the breakup of the Spain used car market on the basis of fuel type?
• What are the various stages in the value chain of the Spain used car market? 
• What are the key driving factors and challenges in the Spain used car market?
• What is the structure of the Spain used car market and who are the key players?
• What is the degree of competition in the Spain used car market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Spain used car market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Spain used car market.
• Porter's Five Forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Spain used car industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.