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Online Car Buying Market

Online Car Buying Market by Vehicle Type (Hatchback, Sedan, SUV and Other), Propulsion Type (Petrol, Diesel and Others) and Category (Pre-owned vehicle and New vehicle): Global Opportunity Analysis and Industry Forecast, 2021–2030

A10067
Pages: 234
Jun 2021 | 1891 Views
   
Author(s) : Prateek Yadav , Sonia Mutreja
Tables: 117
Charts: 62
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  • IComes with the additional cost
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Online Car Buying Market Statistics 2021-2030

The global online car buying market was valued at $237.93 billion in 2020, and is projected to reach $722.79 billion by 2030, registering a CAGR of 12.2% from 2021 to 2030.

The COVID-19 outbreak severely impacted the automotive sector on a global level. The COVID-19 outbreak resulted in closing showrooms, sending sales teams home and driving consumers to purchase vehicles online. The COVID-19 pandemic has accelerated the trend towards online purchases, increasing online penetration and changing consumer behavior. The outbreak has forced the consumer to purchase the vehicle online. The shift to digital retail appeared to be fruitful for many automotive dealers and the trend is foreseen to reinforce the growth of online car buying during the forecast duration.

Online car buying market refers to the end-to-end buying of car through online platforms. Online car buying allows customer to have better price transparency, the ease of shopping from home, and a digital payment process. Customers can easily go through the available offerings and have quick access to product related information, prices and can instantly access to a wide array of available vehicles along with custom suggestion and recommendations with easy benchmarking and price comparisons with less or even no paperwork that too with home deliveries of vehicles. The online car buying market can be categorized as pre-owned vehicle also called used vehicle and new vehicles. 

Global-Online-Car-Buying-Market

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Then the COVID-19 outbreak resulted in closing showrooms, sending sales teams home and driving consumers to purchase vehicles online. The COVID-19 pandemic has accelerated the trend toward online purchases, increasing online penetration and changing consumer behavior. The outbreak has forced the consumer to purchase the vehicle online. The shift to digital retail appeared to be fruitful for many automotive dealers across the globe. Furthermore, most of the consumers also prefer the online channels to buy new and pre-owned cars, which in turn is expected to fuel the growth of the online sector in the online car buying market. There are some automotive companies that are struggling due to the pandemic, while the online car buying market for pre-owned cars is projected to bolster the sales in some regions owing to decrease in income, shortage of money, and rise in preference for private cars to maintain social distancing, which is anticipated to positively impact the industry amid the COVID-19 pandemic. 

The global online car buying market is segmented on the basis of vehicle type, propulsion type and category. By vehicle type, the market has been categorized into hatchback, sedan, SUV and other. On the basis of propulsion type, it is categorized into petrol, diesel and others. On the basis of category, it is categorized into pre-owned vehicle and new vehicle. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA. Rise in number of active internet users, increase in vehicle demand, digitization of the automotive retail sector in countries, such as the U.S., Canada, the UK, Germany and China, and surge in third party online marketplaces are anticipated to propel the growth of online car buying market between 2021 and 2030.

Online Car Buying Market
By Vehicle Type

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Sedan segment is projected as the most lucrative segment

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The key players analyzed in the online car buying market include Asbury Automotive Group, Inc. AutoNation, Inc., Cargurus, Inc., CarsDirect, Cars.com, Inc., Cox Automotive Inc, Group1 Automotive Inc., Hendrick automotive group, Lithia motors, Inc. and TrueCar, Inc.

Online Car Buying Market
By Propulsion Type

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Petrol segment projected as the most lucrative segment

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OEMs focusing on making a shift to end-to-end online sales

Several OEMs have started experimenting with online sales to deliver a better online experience for their clients, including better price transparency, the ease of shopping from home, and a digital payment process. For instance, Volkswagen is uniting the launch of its new IT infrastructure with a new range of electric vehicles that is expected to enable online vehicle sales at a considerably large extent. In February 2019, PSA Group CEO Carlos Tavares stated aims to push online sales by more than 1,500% from 6,000 units in 2018 to 100,000 by the end of 2021. In addition, in June 2019, the responsible members of the board for marketing and sales at Daimler, Britta Seeger, announced that the OEM is expected to sell 25% of its vehicles online by 2025. In Europe, automakers such as Dacia, Volvo, Hyundai, Jaguar, Alpine, Mitsubishi, BMW, Land Rover, and Mini are directing online sales in selected markets. However, still the adoption of these online platforms and stores remains low and the customer experience they offer need to be improved. for example, Hyundai and Audi only make a small series of models, which are available online. Many others either do not provide a trade-in option or limit purchase options to new cars. Furthermore, for most OEMs, the online sales share still remains low, which is expected to witness growth in the near future.

Online Car Buying Market
By Category

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Pre-Owned Vehicle is projected as the most lucrative segment

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Rapid adoption of E-commerce and online technologies expected to reinforce the growth

The advancements in technology such as the development of the internet, use of e-commerce sites/applications to boost the demand for business, and introduction of hybrid and electric vehicle has changed the buyer position in the market. With the help of online technologies, consumers are becoming knowledgeable about the vehicle, on road price of new cars and residual value, third party profit margin and others for pre-owned vehicles. Moreover, rapid urbanization, surge in internet connectivity, and developments in the telecom sector have allowed for a much-better information flow for people. These factors are being rapidly used by online car sellers to advertise their vehicles and spread the details about them. This online platform has smoothly increased the sales process and enables more stakeholders to sell and buy cars. The supply side of this online car buying market has more weightage than the demand side and transparency through knowledge has changed the dynamics and managed to turn customer intelligence to their advantage, thereby foreseen to increase the online car sales in the future.

Online Car Buying Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

LAMEA would exhibit the highest CAGR of 15.4% during 2021-2030.

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Key Benefits For Stakeholders

  •  This study presents analytical depiction of the online car buying market analysis along with the current trends and future estimations to depict the imminent investment pockets.
  •  The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
  •  The report presents information related to key drivers, restraints, and opportunities of the market with a detailed impact analysis.
  •  The current online car buying market size is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  •  Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the online car buying industry.

Key Market Segments

By Vehicle Type

  •  Hatchback
  •  Sedan
  •  SUV
  •  Others

By Propulsion Type

  •  Petrol
  •  Diesel
  •  Others

By Category

  •  Pre-Owned Vehicle
  •  New Vehicle

By Region

  •  North America
    •  U.S.
    •  Canada
    •  Mexico
  •  Europe
    •  UK
    •  Germany
    •  France
    •  Italy
    •  Rest of Europe
  •  Asia-Pacific
    •  China
    •  Japan 
    •  India
    •  Australia
    •  Rest of Asia-Pacific
  •  LAMEA
    •  Latin America
    •  Middle East
    •  Africa

KEY PLAYERS

  •  Asbury Automotive Group, Inc. 
  •  AutoNation, Inc.
  •  Cargurus, Inc.
  •  CarsDirect
  •  Cars.com, Inc.
  •  Cox Automotive Inc
  •  Group1 Automotive Inc.
  •  Hendrick automotive group
  •  Lithia motors, Inc.
  •  TrueCar, Inc.
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. Porter’s five forces analysis
3.4. Market share analysis (2020)
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. OEMs focusing on making a shift to end-to-end online sales
3.5.1.2. Third-party online marketplaces offer a platform for private sellers
3.5.1.3. Growing demand for off-lease cars & subscription service by the franchise, leasing offices, and car dealers
3.5.1.1. High upfront cost of new vehicle and affordability concerns

3.5.2. Restraints

3.5.2.1. Unorganized car sales
3.5.2.2. Lack of regularization

3.5.3. Opportunities

3.5.3.1. Rapid adoption of E-commerce and online technologies foreseen to reinforce the growth
3.5.3.2. Steady increase in organized/semi-organized sales in emerging countries
3.5.3.3. Demand of car sharing services

3.6. Impact of COVID-19 on the market

3.6.1. Evolution of outbreaks

3.6.1.1. COVID-19

3.6.2. Micro-economic impact analysis

3.6.2.1. Consumer trend
3.6.2.2. Technology trends
3.6.2.3. Regulatory trend
3.6.2.4. Macroeconomic impact analysis

3.6.3. Impact on the Online Car Buying industry analysis

CHAPTER 4: ONLINE CAR BUYING MARKET, VEHICLE TYPE

4.1. Overview
4.2. Hatchback

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Sedan

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. SUV

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

4.5. OTHERS

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country

CHAPTER 5: ONLINE CAR BUYING MARKET, BY PROPULSION TYPE

5.1. Overview
5.2. Petrol

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Diesel

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

5.4. Others

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country

CHAPTER 6: ONLINE CAR BUYING MARKET, BY CATEGORY

6.1. Overview
6.2. Pre-Owned Vehicle

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country

6.3. New Vehicle

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country

CHAPTER 7: ONLINE CAR BUYING MARKET, BY REGION

7.1. Overview
7.2. North America

7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by Vehicle Type
7.2.3. Market size and forecast, by Propulsion Type
7.2.4. Market size and forecast, by Category
7.2.5. Market size and forecast, by country

7.2.5.1. U.S.

7.2.5.1.2. Market size and forecast, by Vehicle Type
7.2.5.1.3. Market size and forecast, by Propulsion Type
7.2.5.1.4. Market size and forecast, by Category

7.2.5.2. Canada

7.2.5.2.2. Market size and forecast, by Vehicle Type
7.2.5.2.3. Market size and forecast, by Propulsion Type
7.2.5.2.4. Market size and forecast, by Category

7.2.5.3. Mexico

7.2.5.3.2. Market size and forecast, by Vehicle Type
7.2.5.3.3. Market size and forecast, by Propulsion Type
7.2.5.3.4. Market size and forecast, by Category

7.3. Europe

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by Vehicle Type
7.3.3. Market size and forecast, by Propulsion Type
7.3.4. Market size and forecast, by Category
7.3.5. Market size and forecast, by country

7.3.5.1. UK

7.3.5.1.2. Market size and forecast, by Vehicle Type
7.3.5.1.3. Market size and forecast, by Propulsion Type
7.3.5.1.4. Market size and forecast, by Category

7.3.5.2. Germany

7.3.5.2.2. Market size and forecast, by Vehicle Type
7.3.5.2.3. Market size and forecast, by Propulsion Type
7.3.5.2.4. Market size and forecast, by Category

7.3.5.3. France

7.3.5.3.2. Market size and forecast, by Vehicle Type
7.3.5.3.3. Market size and forecast, by Propulsion Type
7.3.5.3.4. Market size and forecast, by Category

7.3.5.4. Italy

7.3.5.4.2. Market size and forecast, by Vehicle Type
7.3.5.4.3. Market size and forecast, by Propulsion Type
7.3.5.4.4. Market size and forecast, by Category

7.3.5.5. Rest of Europe

7.3.5.5.2. Market size and forecast, by Vehicle Type
7.3.5.5.3. Market size and forecast, by Propulsion Type
7.3.5.5.4. Market size and forecast, by Category

7.4. Asia-Pacific

7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by Vehicle Type
7.4.3. Market size and forecast, by Propulsion Type
7.4.4. Market size and forecast, by Category
7.4.5. Market size and forecast, by country

7.4.5.1. CHINA

7.4.5.1.2. Market size and forecast, by Vehicle Type
7.4.5.1.3. Market size and forecast, by Propulsion Type
7.4.5.1.4. Market size and forecast, by Category

7.4.5.2. Japan

7.4.5.2.1. Market size and forecast, by Vehicle Type
7.4.5.2.2. Market size and forecast, by Propulsion Type
7.4.5.2.3. Market size and forecast, by Category

7.4.5.3. India

7.4.5.3.2. Market size and forecast, by Vehicle Type
7.4.5.3.3. Market size and forecast, by Propulsion Type
7.4.5.3.4. Market size and forecast, by Category

7.4.5.4. South Korea

7.4.5.4.2. Market size and forecast, by Vehicle Type
7.4.5.4.3. Market size and forecast, by Propulsion Type
7.4.5.4.4. Market size and forecast, by Category

7.4.5.5. Rest of Asia-Pacific

7.4.5.5.2. Market size and forecast, by Vehicle Type
7.4.5.5.3. Market size and forecast, by Propulsion Type
7.4.5.5.4. Market size and forecast, by Category

7.5. LAMEA

7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by Vehicle Type
7.5.3. Market size and forecast, by Propulsion Type
7.5.4. Market size and forecast, by Category
7.5.5. Market size and forecast, by country

7.5.5.1. LATIN AMERICA

7.5.5.1.2. Market size and forecast, by Vehicle Type
7.5.5.1.3. Market size and forecast, by Propulsion Type
7.5.5.1.4. Market size and forecast, by Category

7.5.5.2. Middle East

7.5.5.2.2. Market size and forecast, by Vehicle Type
7.5.5.2.3. Market size and forecast, by Propulsion Type
7.5.5.2.4. Market size and forecast, by Category

7.5.5.3. Africa

7.5.5.3.2. Market size and forecast, by Vehicle Type
7.5.5.3.3. Market size and forecast, by Propulsion Type
7.5.5.3.4. Market size and forecast, by Category

CHAPTER 8: COMPANY PROFILES

8.1. ASBURY AUTOMOTIVE GROUP, INC.

8.1.1. Company overview
8.1.2. Key executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. Business performance
8.1.7. Key strategic moves and developments

8.2. AUTONATION, Inc.

8.2.1. Company overview
8.2.2. Key executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.2.6. Business performance
8.2.7. Key strategic moves and developments

8.3. CARGURUS, INC.

8.3.1. Company overview
8.3.2. Key executives
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.3.6. Business performance
8.3.7. Key strategic moves and developments

8.4. CARSDIRECT.COM

8.4.1. Company overview
8.4.2. Key executives
8.4.3. Company snapshot
8.4.4. Product portfolio

8.5. CARS.COM, Inc.

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Product portfolio
8.5.4. Business performance
8.5.5. Key strategic moves and developments

8.6. COX AUTOMOTIVE INC.

8.6.1. Company overview
8.6.2. Key executives
8.6.3. Company snapshot
8.6.4. Product portfolio
8.6.5. Key strategic moves and developments

8.7. GROUP1 AUTOMOTIVE INC.

8.7.1. Company overview
8.7.2. Key executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.7.6. Business performance
8.7.7. Key strategic moves and developments

8.8. HENDRICK AUTOMOTIVE GROUP

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Product portfolio
8.8.4. Key strategic moves and developments

8.9. LITHIA MOTORS, INC.

8.9.1. Company overview
8.9.2. Key executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.9.6. Business performance
8.9.7. Key strategic moves and developments

8.10. TrueCar, Inc.

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Product portfolio
8.10.4. Business performance
8.10.5. Key strategic moves and developments

LIST OF TABLES

TABLE 01. ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 02. ONLINE CAR BUYING MARKET FOR HATCHBACK, BY REGION 2020–2030 ($BILLION)
TABLE 03. ONLINE CAR BUYING MARKET FOR SEDAN, BY REGION 2020–2030 ($BILLION)
TABLE 04. ONLINE CAR BUYING MARKET FOR SUV, BY REGION 2020–2030 ($BILLION)
TABLE 05. ONLINE CAR BUYING MARKET FOR OTHERS, BY REGION 2020–2030 ($BILLION)
TABLE 06. ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 07. ONLINE CAR BUYING MARKET FOR PETROL, BY REGION 2020–2030 ($BILLION)
TABLE 08. ONLINE CAR BUYING MARKET FOR DIESEL, BY REGION 2020–2030 ($BILLION)
TABLE 09. ONLINE CAR BUYING MARKET FOR OTHERS, BY REGION 2020–2030 ($BILLION)
TABLE 10. ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 11. ONLINE CAR BUYING MARKET FOR PRE-OWNED VEHICES, BY REGION 2020–2030 ($BILLION)
TABLE 12. ONLINE CAR BUYING MARKET FOR NEW VEHICLES, BY REGION 2020–2030 ($BILLION)
TABLE 13. ONLINE CAR BUYING MARKET, BY REGION 2020–2030 ($BILLION)
TABLE 14. NORTH AMERICA ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 15. NORTH AMERICA ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 16. NORTH AMERICA ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 17. U.S. ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 18. U.S. ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 19. U.S. ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 20. CANADA ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 21. CANADA ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 22. CANADA ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 23. MEXICO ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 24. MEXICO ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 25. MEXICO ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 26. EUROPE ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 27. EUROPE ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 28. EUROPE ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 29. UK ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 30. UK ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 31. UK ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 32. GERMANY ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 33. GERMANY ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 34. GERMANY ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 35. FRANCE ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 36. FRANCE ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 37. FRANCE ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 38. ITALY ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 39. ITALY ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 40. ITALY ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 41. REST OF EUROPE ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 42. REST OF EUROPE ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 43. REST OF EUROPE ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 44. ASIA-PACIFIC ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 45. ASIA-PACIFIC ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 46. ASIA-PACIFIC ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 47. CHINA ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 48. CHINA ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 49. CHINA ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 50. JAPAN ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 51. JAPAN ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 52. JAPAN ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 53. INDIA ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 54. INDIA ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 55. INDIA ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 56. SOUTH KOREA ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 57. SOUTH KOREA ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 58. SOUTH KOREA ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 59. REST OF ASIA-PACIFIC ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 60. REST OF ASIA-PACIFIC ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 61. REST OF ASIA-PACIFIC ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 62. LAMEA ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 63. LAMEA ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 64. LAMEA ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 65. LATIN AMERICA ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 66. LATIN AMERICA ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 67. LATIN AMERICA ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 68. MIDDLE EAST ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 69. MIDDLE EAST ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 70. MIDDLE EAST ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 71. AFRICA ONLINE CAR BUYING MARKET, BY VEHICLE TYPE, 2020–2030 ($BILLION)
TABLE 72. AFRICA ONLINE CAR BUYING MARKET, BY PROPULSION TYPE, 2020–2030 ($BILLION)
TABLE 73. AFRICA ONLINE CAR BUYING MARKET, BY CATEGORY, 2020–2030 ($BILLION)
TABLE 74. ASBURY AUTOMOTIVE GROUP, INC.: KEY EXECUTIVES
TABLE 75. ASBURY AUTOMOTIVE GROUP, INC.: COMPANY SNAPSHOT
TABLE 76. ASBURY AUTOMOTIVE GROUP, INC.: OPERATING SEGMENTS
TABLE 77. ASBURY AUTOMOTIVE GROUP, INC.: PRODUCT PORTFOLIO
TABLE 78. ASBURY AUTOMOTIVE GROUP, INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 79. ASBURY AUTOMOTIVE GROUP, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 80. AUTONATION, INC.: KEY EXECUTIVES
TABLE 81. AUTONATION, INC.: COMPANY SNAPSHOT
TABLE 82. AUTONATION, INC.: OPERATING SEGMENTS
TABLE 83. AUTONATION, INC.: PRODUCT PORTFOLIO
TABLE 84. AUTONATION, INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 85. CARGURUS, INC.: KEY EXECUTIVES
TABLE 86. CARGURUS, INC.: COMPANY SNAPSHOT
TABLE 87. CARGURUS, INC.: OPERATING SEGMENTS
TABLE 88. CARGURUS, INC.: PRODUCT PORTFOLIO
TABLE 89. CARGURUS, INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 90. CARSDIRECT.COM: KEY EXECUTIVE
TABLE 91. CARSDIRECT.COM: COMPANY SNAPSHOT
TABLE 92. CARSDIRECT.COM: PRODUCT PORTFOLIO
TABLE 93. CARS.COM, INC.: KEY EXECUTIVES
TABLE 94. CARS.COM, INC.: COMPANY SNAPSHOT
TABLE 95. CARS.COM, INC.: PRODUCT PORTFOLIO
TABLE 96. CARS.COM, INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 97. CARS.COM, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 98. COX AUTOMOTIVE INC.: KEY EXECUTIVE
TABLE 99. COX AUTOMOTIVE INC.: COMPANY SNAPSHOT
TABLE 100. COX AUTOMOTIVE INC.: PRODUCT PORTFOLIO
TABLE 101. GROUP1 AUTOMOTIVE INC.: KEY EXECUTIVE
TABLE 102. GROUP1 AUTOMOTIVE INC.: COMPANY SNAPSHOT
TABLE 103. GROUP1 AUTOMOTIVE INC.: OPERATING SEGMENTS
TABLE 104. GROUP1 AUTOMOTIVE INC.: PRODUCT PORTFOLIO
TABLE 105. GROUP1 AUTOMOTIVE INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 106. HENDRICK AUTOMOTIVE GROUP: KEY EXECUTIVES
TABLE 107. HENDRICK AUTOMOTIVE GROUP: COMPANY SNAPSHOT
TABLE 108. HENDRICK AUTOMOTIVE GROUP: PRODUCT PORTFOLIO
TABLE 109. LITHIA MOTORS, INC.: KEY EXECUTIVES
TABLE 110. LITHIA MOTORS, INC.: COMPANY SNAPSHOT
TABLE 111. LITHIA MOTORS, INC.: OPERATING SEGMENTS
TABLE 112. LITHIA MOTORS, INC.: PRODUCT PORTFOLIO
TABLE 113. LITHIA MOTORS, INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 114. TRUECAR, INC.: KEY EXECUTIVES
TABLE 115. TRUECAR, INC.: COMPANY SNAPSHOT
TABLE 116. TRUECAR, INC.: PRODUCT PORTFOLIO
TABLE 117. TRUECAR, INC.: NET SALES, 2018–2020 ($MILLION)

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY, BY SEGMENT
FIGURE 03. EXECUTIVE SUMMARY, BY COUNTRY
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. TOP WINNING STRATEGIES, BY YEAR, 2018–2021*
FIGURE 07. TOP WINNING STRATEGIES, BY YEAR, 2018–2021*
FIGURE 08. TOP WINNING STRATEGIES, BY COMPANY, 2018–2021*
FIGURE 09. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 10. MODERATE BARGAINING POWER OF BUYERS
FIGURE 11. MODERATE-TO-HIGH OF NEW ENTRANTS
FIGURE 12. MODERATE OF SUBSTITUTES
FIGURE 13. MODERATE COMPETITIVE RIVALARY
FIGURE 14. MARKET SHARE ANALYSIS (2020)
FIGURE 15. MACRO-ECONOMIC INDICATORS PROJECTIONS (1/2):
FIGURE 16. MACRO-ECONOMIC INDICATORS PROJECTIONS (2/2):
FIGURE 17. ONLINE CAR BUYING MARKET SHARE, BY VEHICLE TYPE, 2020–2030 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF ONLINE CAR BUYING MARKET FOR ELECTRIC ONLINE CAR BUYING, BY COUNTRY, 2020 & 2030(%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF ONLINE CAR BUYING MARKET FOR SEDAN, BY COUNTRY, 2020 & 2030(%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF ONLINE CAR BUYING MARKET FOR ELECTRIC, BY COUNTRY, 2020 & 2030(%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF ONLINE CAR BUYING MARKET FOR OTHERS, BY COUNTRY, 2020 & 2030(%)
FIGURE 22. ONLINE CAR BUYING MARKET SHARE, BY PROPULSION TYPE, 2020–2030 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF ONLINE CAR BUYING MARKET FOR PETROL, BY COUNTRY, 2020 & 2030(%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF ONLINE CAR BUYING MARKET FOR DIESEL, BY COUNTRY, 2020 & 2030(%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF ONLINE CAR BUYING MARKET FOR OTHERS, BY COUNTRY, 2020 & 2030(%)
FIGURE 26. ONLINE CAR BUYING MARKET SHARE, BY PROPULSION TYPE, 2020–2030 (%)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF ONLINE CAR BUYING MARKET FOR PRE-OWNED VEHICLE, BY COUNTRY, 2020 & 2030(%)
FIGURE 28. COMPARATIVE SHARE ANALYSIS OF ONLINE CAR BUYING MARKET FOR NEW VEHICLES, BY COUNTRY, 2020 & 2030(%)
FIGURE 29. ONLINE CAR BUYING MARKET, BY REGION, 2021–2028 (%)
FIGURE 30. COMPARATIVE SHARE ANALYSIS OF ONLINE CAR BUYING MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 31. U.S. ONLINE CAR BUYING MARKET, 2020–2030 ($BILLION)
FIGURE 32. CANADA ONLINE CAR BUYING MARKET, 2020–2030 ($BILLION)
FIGURE 33. MEXICO ONLINE CAR BUYING MARKET, 2020–2030 ($BILLION)
FIGURE 34. COMPARATIVE SHARE ANALYSIS OF ONLINE CAR BUYING MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 35. UK ONLINE CAR BUYING MARKET, 2020–2030 ($BILLION)
FIGURE 36. GERMANY ONLINE CAR BUYING MARKET, 2020–2030 ($BILLION)
FIGURE 37. FRANCE ONLINE CAR BUYING MARKET, 2020–2030 ($BILLION)
FIGURE 38. ITALY ONLINE CAR BUYING MARKET, 2020–2030 ($BILLION)
FIGURE 39. REST OF EUROPE ONLINE CAR BUYING MARKET, 2020–2030 ($BILLION)
FIGURE 40. COMPARATIVE SHARE ANALYSIS OF ONLINE CAR BUYING MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 41. CHINA ONLINE CAR BUYING MARKET, 2020–2030 ($BILLION)
FIGURE 42. JAPAN ONLINE CAR BUYING MARKET, 2020–2030 ($BILLION)
FIGURE 43. INDIA ONLINE CAR BUYING MARKET, 2020–2030 ($BILLION)
FIGURE 44. SOUTH KOREA ONLINE CAR BUYING MARKET, 2020–2030 ($BILLION)
FIGURE 45. REST OF ASIA-PACIFIC ONLINE CAR BUYING MARKET, 2020–2030 ($BILLION)
FIGURE 46. COMPARATIVE SHARE ANALYSIS OF ONLINE CAR BUYING MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 47. LATIN AMERICA ONLINE CAR BUYING MARKET, 2020–2030 ($BILLION)
FIGURE 48. MIDDLE EAST ONLINE CAR BUYING MARKET, 2020–2030 ($BILLION)
FIGURE 49. AFRICA ONLINE CAR BUYING MARKET, 2020–2030 ($BILLION)
FIGURE 50. ASBURY AUTOMOTIVE GROUP, INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 51. ASBURY AUTOMOTIVE GROUP, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 52. AUTONATION, INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 53. AUTONATION, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 54. CARGURUS, INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 55. CARGURUS, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 56. CARS.COM, INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 57. GROUP1 AUTOMOTIVE INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 58. GROUP1 AUTOMOTIVE INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 59. GROUP1 AUTOMOTIVE INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 60. LITHIA MOTORS, INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 61. LITHIA MOTORS, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 62. TRUECAR, INC.: NET SALES, 2018–2020 ($MILLION)

 
 

According to the insights of CXOs of the leading companies, the online car market holds high potential for the automotive industry. The global online car buying market is projected to witness considerable growth, especially in North America and Europe, owing to adoption of advanced technology, digitization of automotive retail along with increase in globalization and rise in purchasing power.

Currently, the online car buying market is expected to witness a steady growth. With OEMs focusing on shifting to end-to-end online sales, growing third-party online marketplaces offer a platform for professional dealers and private sellers and growing active internet users are the key factors expected to reinforce the growth prospects of online car buying in developed as well as developing economies.

The advancements in technology such as the development of the internet, use of e-commerce sites/applications boost the demand for business. The market in developed countries, such as the U.S., Canada, Mexico, and Germany, is projected to report a significant growth rate as compared to developing regions, such as Asia-Pacific and the Middle East. Prominent OEMs have started experimenting with online sales to deliver a better online experience for their customers, including better price transparency and ease of purchasing from home. For instance, Volkswagen is uniting the launch of its new range of electric vehicles with the release of a new IT infrastructure that will enable online vehicle sales on a considerably larger extent. However, for OEMs, still the adoption of online platforms remains low and the customer experience they offer needs to be improved. Furthermore, North America leads the online car buying market and is expected to maintain its dominance during the forecast duration.

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FREQUENTLY ASKED QUESTIONS?
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A. The global online car buying market was valued at $237.93 billion in 2020, and is projected to reach $722.79 billion by 2030, registering a CAGR of12.2% from 2021 to 2030

A. The COVID-19 pandemic has accelerated the trend towards online purchases, increasing online penetration and changing consumer behavior. The outbreak has forced the consumer to purchase the vehicle online. The shift to digital retail appeared to be fruitful for many automotive dealers across the globe.

A. The sample for global online car buying market report can be obtained on demand from the AMR website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. There are certain upcoming trends such as advancements in technology such as the development of the internet, use of e-commerce sites/applications and digital shift of auto retail sector to boost the market

A. By category, new vehicle segment is expected to gain traction over the forecast period. However, at present Pre-owned vehicle segment is the major constributor in the global online car buying market

A. The company profiles of the top market players of online car buying market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the online car buying market

A. At present, below 5% cars are sold online. However, the outbreak has forced the consumer to purchase the vehicle online which is foreseen to drive the demand

A. North America region is leading the market presently in terms of revenue. However, Asia-Pacific region is expected to provide more business opportunities for the key players operating in the global online car buying market.

A. Shifting of OEMs to end-to-end online sales, growing number of third-party online marketplaces and Rapid adoption of E-commerce and online technologies have strong impact on the global online car buying market

A. The key growth strategies adopted by the online car buying industry players includes product launch, business expansion, collaboration. These strategies opted by various industry players is leading to the growth of the online car buying market as well as the players.

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