Online Car Buying Market, By Vehicle Type (Hatchback, Sedan, SUV, Others), By Propulsion Type (Petrol, Diesel, Others), By Category (Pre-Owned Vehicle and New Vehicle), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Afri

Online Car Buying Market, By Vehicle Type (Hatchback, Sedan, SUV, Others), By Propulsion Type (Petrol, Diesel, Others), By Category (Pre-Owned Vehicle and New Vehicle), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)


Global online car buying market is transforming the way automobiles are purchased in the modern digital era. With the proliferation of the internet and smartphones, consumers now have the ability to research various makes and models, compare prices, evaluate features, and even complete the transaction entirely online from the comfort of their homes. This transition to online car shopping allows buyers to save time otherwise spent visiting multiple dealerships and avoid high-pressure sales tactics. It also benefits manufacturers and dealers by expanding their customer reach beyond local geographies. There has been significant growth in online car search traffic and purchases over the past few years. As global markets see improvements in internet infrastructure and e-commerce capabilities, the trend of buying cars online is expected to grow and become the preferred method for purchasing new vehicles.

Market Dynamics:

Global online car buying market growth is driven by growing digitization and internet penetration around the world. More than half of prospective car buyers now begin their search online. The convenience and control afforded by online shopping attracts time-strapped consumers. Meanwhile, manufacturers and dealers aim to tap into new digital customer bases. The availability of online financing options and trade-in valuations on e-commerce platforms boosts online purchases. However, lack of touch-and-feel experience and inability to test drive until final purchase can hamper the market growth. Varying degrees of online shopping adoption across rural and older demographic segments can hamper the market growth. Advancing technologies such as virtual reality can offer new opportunities for the market growth in the near future.

Key features of the study:

- This report provides in-depth analysis of the global online car buying market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global online car buying market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include 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.

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- Global online car buying market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global online car buying market

Market Segmentation
  • By Vehicle Type
  • Hatchback
  • Sedan
  • SUV
  • Others
  • By Propulsion Type
  • Petrol
  • Diesel
  • Others
  • By Category
  • Pre-Owned Vehicle
  • New Vehicle
  • By Regional
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Key Players
  • 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.


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Vehicle Type
Market Snippet, By Propulsion Type
Market Snippet, By Category
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launch/Approvals
Impact of the COVID-19 Pandemic
4. Global Online Car Buying Market, By Vehicle Type, 2019-2031, (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020-2031
Segment Trends
Hatchback
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Sedan
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
SUV
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Others
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
5. Global Online Car Buying Market, By Propulsion Type, 2019-2031, (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020-2031
Segment Trends
Petrol
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Diesel
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Others
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
6. Global Online Car Buying Market, By Category, 2019-2031, (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020-2031
Segment Trends
Pre-Owned Vehicle
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
New Vehicle
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
7. Global Online Car Buying Market, By Region, 2019-2031, (US$ Billion)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020-2031
North America
Regional Trends
Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
Market Size and Forecast, By Propulsion Type, 2019-2031, (US$ Billion)
Market Size and Forecast, By Category, 2019-2031, (US$ Billion)
Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
Market Size and Forecast, By Propulsion Type, 2019-2031, (US$ Billion)
Market Size and Forecast, By Category, 2019-2031, (US$ Billion)
Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
U.K.
Germany
Italy
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
Market Size and Forecast, By Propulsion Type, 2019-2031, (US$ Billion)
Market Size and Forecast, By Category, 2019-2031, (US$ Billion)
Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
China
India
ASEAN
Australia
South Korea
Japan
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
Market Size and Forecast, By Propulsion Type, 2019-2031, (US$ Billion)
Market Size and Forecast, By Category, 2019-2031, (US$ Billion)
Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Regional Trends
Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
Market Size and Forecast, By Propulsion Type, 2019-2031, (US$ Billion)
Market Size and Forecast, By Category, 2019-2031, (US$ Billion)
Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
GCC Countries
South Africa
Rest of the Middle East & Africa
8. Competitive Landscape
Company Profiles
American City Business Journals Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
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.
9. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Research Methodology
References
Research Methodology
About us and Sales Contact
*Browse 60 market data tables and 40 figures on "Global Online Car Buying Market” – Global forecast to 2031.

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