The 2002 Used Car Market Report from BCA Europe and Fleet News Europe's sister-company Sewells International shows that used car sales totalled 28 million in 2001, against 27.9 million in 2000.
'The figure remains ahead of the UK volume figure of 6.4 million sales in an admittedly smaller marketplace and population. The establishment of European vehicle auctions will stimulate the wholesale market.'
It found that used car sales in France rose to record levels for the second year running with 5.4 million units sold, up from 4.9 million in 2000.
'Diesel has been the success story, accounting for a massive 45.2% of sales,' the report said.
Other findings include:
The report added: 'For the first time the Spanish new and used car volumes are beginning to diverge, and with a parc of 17.4 million and a population in excess of 40 million, the market has plenty of room for growth.'
On the Danish market, the report said: 'It is still experiencing the shake-out from two years ago, when a struggling new car market was fuelled by over-optimistic part-exchange values being written by franchised dealers. The net result was a large tranche of over-valued used stock that has taken time to pass through the system.'