H. Yoo
Research expert covering South Korea
Used vehicles in Spain - Statistics & Facts
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 forecast to remain at 1.8 used cars per new car or above through 2025. The popularity of used vehicles in Spain is further reflected in its market size, with nearly 1.9 million used passenger cars sold in the country in 2022. Given this popularity, it may be no surprise that the coches.net app, designed to purchase second-hand automobiles, recorded the most downloads among cars and car parts shopping apps in Spain that year.
