Market Overview
The Spain Used Car Market size reached 1.95 Million Units in 2024 and is projected to reach 3.65 Million Units by 2033, growing at a CAGR of 6.70% during 2025-2033. Growth in the market is primarily driven by high new vehicle costs, supply chain disruptions, increasing consumer preference for affordable mobility, and the rapid rise of online transactions. Economic uncertainty, coupled with growing demand for electric and hybrid used vehicles, further supports market expansion.
Study Assumption Years
- Base Year: 2024
- Historical Years: 2019–2024
- Forecast Period: 2025–2033
Spain Used Car Market Key Takeaways
- Current Market Size: 1.95 Million Units (2024)
- CAGR: 6.70% (2025–2033)
- Growth is fueled by rising new vehicle costs and ongoing supply chain challenges.
- Increasing consumer inclination toward affordable mobility and online car trading platforms is accelerating expansion.
- Rising adoption of electric and hybrid second-hand vehicles driven by government incentives and sustainability regulations.
- Inflation and economic uncertainty are pushing consumers toward cost-effective used cars.
- Online marketplaces offer transparent pricing, vehicle history reports, financing, and digital transactions.
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Market Growth Factors
The main factor that helps explain the growth of demand for low-cost and affordable used cars in Spain is the explosion in the price of new cars and continuing low availability of new cars due to supply chain issues. Due to this, the used car market is seeing healthy sales and rental car companies are increasing their fleets.
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Digitalization is also starting in the car market. In December 2024 CaixaBank launched FaciliteaCoches, an online selection of over 5000 cars where finance and delivery are also offered. Such platforms attempt to increase consumer confidence through verified vehicle history, price transparency, and fraud detection using artificial intelligence (AI).
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Demand for electric and hybrid used cars is supported by the sustainability policies and low-emission zones in Spain. The Moves III program provides rebates of up to €7,000 (up to €9,000 for vans) for electric cars and up to €5,000 for plug-in hybrids. These rebates make green cars more affordable.
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Spain Used Car Market Segmentation
By Vehicle Body Style
- Hatchbacks: Significant share driven by affordability and urban convenience.
- Sedans: Preferred for comfort and fuel efficiency, with stable demand trends.
- SUVs and MPVs: Gaining traction due to versatility and increased family usage.
By Vendor Type
- Organized: Includes certified pre-owned dealerships and online aggregators.
- Unorganized: Comprises independent sellers and informal market participants.
By Booking Type
- Online: Fastest-growing channel driven by digital marketplaces and transparent transaction models.
- Offline: Traditional physical dealerships maintaining presence in smaller towns and rural areas.
By Fuel Type
- Petrol: Dominant due to availability and cost-effectiveness.
- Diesel: Declining due to emission norms but still relevant for high-mileage users.
- Electric: Growing rapidly with incentives and improved charging infrastructure.
- Others: Includes hybrid and alternative fuel vehicles gaining niche traction.
Regional Insights
The market spans Northern Spain, Eastern Spain, Southern Spain, and Central Spain, with each region demonstrating unique consumer behavior. Northern and Eastern regions show higher online adoption, while Southern Spain sees greater preference for affordable and compact models. Regional policies promoting electric mobility also shape used vehicle trends, though no specific region currently dominates overall market share.
Recent Developments & News
- In February 2025, Dealcar, a Barcelona-based digital used car platform, raised €3 million in seed funding to expand its operations and launch Dealcar Pay — a fintech solution handling payments for over 8,000 cars daily across 150 dealerships.
- In January 2025, Santander Group introduced Re Estrena, a long-term used car rental service that includes insurance, maintenance, and roadside assistance. The service targets low-mileage, under-three-year-old vehicles and is part of Santander’s wider ecosystem, including Santander Renting and Coches.com.
Key Players
- Dealcar
- Santander Group
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