Quick Summary:
Shaping the future landscape of the automotive industry, the online car buying market sets new standards for convenience, flexibility, and customer empowerment. Poised for significant growth, it holds the promise to revolutionize car purchases, thanks to the increasing adoption of e-commerce and constant technological advancements.
This report provides an extensive and comprehensive assessment of the online car buying market, analyzing trends, growth drivers, and challenges. Giving particular attention to the surge in disposal income in developing economies and the rise in demand for personal vehicles, this detailed analysis fuels understanding for strategic decision-making. Any professional in today's fast-evolving automotive sector will greatly benefit from this market research report's expert insights.
Classified into 'Pre-Owned' and 'New Vehicle' segments, and given an in-depth geographical breakdown, the analysis identifies key growth factors like easy online financing and the rise of digital literacy. The report provides detailed insights on upcoming trends and challenges, along with a robust vendor analysis featuring leading online car buying market vendors, all to help strategize and seize forthcoming growth opportunities. Rest assured, this report is born out of exhaustive research, presenting a complete competitive landscape along with an in-depth vendor selection methodology, set to guide towards maximizing your enterprise's growth in the promising online car buying market.
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The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing adoption of e-commerce and technological advancements in online channels, the rise in disposable income in developing economies, and the increasing demand for personal vehicles.
The online car buying market analysis includes type segment and geographic landscape.
The online car-buying market is segmented as below:
By Type
- Pre-Owned
- New Vehicle
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on online car-buying market covers the following areas:
- Online car buying market sizing
- Online car buying market forecast
- Online car buying market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
Executive Summary
The publisher recognizes the following companies as the key players in the global online car-buying market: American City Business Journals Inc., Asbury Automotive Group Inc., AutoNation Inc., CarGurus Inc., CarMax Inc., Cars and Bids LLC, Cars.com Inc., Cars24 Services Pvt. Ltd., CarSoup of Minnesota Inc., Carvago, Carvana Co., Cox Enterprises Inc., eBay Inc., Edmunds.com Inc., Hendrick Automotive Group, Lithia Motors Inc., MH Sub I LLC, Miami Lakes Automall, and TrueCar Inc.Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is easy online financing.`
According to the report, one of the major drivers for this market is the increasing adoption of e-commerce and technological advancements in online channels.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
A selection of companies mentioned in this report includes:
- American City Business Journals Inc.
- Asbury Automotive Group Inc.
- AutoNation Inc.
- CarGurus Inc.
- CarMax Inc.
- Cars and Bids LLC
- Cars.com Inc.
- Cars24 Services Pvt. Ltd.
- CarSoup of Minnesota Inc.
- Carvago
- Carvana Co.
- Cox Enterprises Inc.
- eBay Inc.
- Edmunds.com Inc.
- Hendrick Automotive Group
- Lithia Motors Inc.
- MH Sub I LLC
- Miami Lakes Automall
- TrueCar Inc.
