Market Overview:
The global online car buying market reached a value of US$ 261.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 515.6 Billion by 2027, exhibiting at a CAGR of 11.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Online car buying refers to an e-commerce activity wherein customers can directly buy or lease new or pre-owned cars using a web browser or a mobile app. It is convenient, affordable, time-efficient, and hassle-free and offers a huge product catalog and several customized services. Nowadays, several companies utilize intelligent search engines on their websites to help customers compare multiple cars in different price ranges or negotiate for a fair deal with car owners worldwide.
Online Car Buying Market Trends:
The thriving e-commerce industry on account of the rising awareness among individuals about the associated convenience represents one of the key factors driving the demand for online car buying across the globe. This can also be attributed to the increasing digital literacy, improving internet accessibility, rapid urbanization, and inflating disposable income levels. Moreover, with the surging use of social media networking sites, companies are offering innovative car deals via these sites, which is influencing the market positively. Apart from this, there is a significant rise in the demand for electric vehicles (EVs), which can be accredited to the growing concerns among people about the detrimental environmental effects of petrol-based automobiles. In addition, as governing agencies of numerous countries are implementing favorable policies to promote the usage of fuel-efficient cars, there is an increase in the adoption of online car buying portals to purchase EVs from across the globe. Furthermore, the emerging trend of personal vehicles on account of improving urban road infrastructure is contributing to the market growth. The rising popularity of pre-owned cars, especially among the young population, due to their affordability and accessibility is also impelling the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global online car buying market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on vehicle type, propulsion type and category.
Breakup by Vehicle Type:
- Hatchback
- Sedan
- SUV
- Others
Breakup by Propulsion Type:
Breakup by Category:
- Pre-Owned Vehicle
- New Vehicle
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Asbury Automotive Group Inc., AutoNation Inc., Cargurus Inc., CarsDirect.com, Cars.com Inc., Cox Automotive Inc, Group 1 Automotive Inc., Hendrick Automotive Group, Lithia Motors Inc. and TrueCar Inc.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Vehicle Type, Propulsion Type, Category, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Asbury Automotive Group Inc., AutoNation Inc., Cargurus Inc., CarsDirect.com, Cars.com Inc., Cox Automotive Inc, Group 1 Automotive Inc., Hendrick Automotive Group, Lithia Motors Inc. and TrueCar Inc. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global online car buying market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global online car buying market?
- What are the key regional markets?
- What is the breakup of the market based on the vehicle type?
- What is the breakup of the market based on the propulsion type?
- What is the breakup of the market based on the category?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global online car buying market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Online Car Buying Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Vehicle Type
6.1 Hatchback
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Sedan
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 SUV
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Propulsion Type
7.1 Petrol
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Diesel
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Category
8.1 Pre-Owned Vehicle
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 New Vehicle
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Asbury Automotive Group Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 AutoNation Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Cargurus Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 CarsDirect.com
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Cars.com Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Cox Automotive Inc
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 SWOT Analysis
14.3.7 Group 1 Automotive Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Hendrick Automotive Group
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Lithia Motors Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 TrueCar Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
List of Figures
Figure 1: Global: Online Car Buying Market: Major Drivers and Challenges
Figure 2: Global: Online Car Buying Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Online Car Buying Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Online Car Buying Market: Breakup by Vehicle Type (in %), 2021
Figure 5: Global: Online Car Buying Market: Breakup by Propulsion Type (in %), 2021
Figure 6: Global: Online Car Buying Market: Breakup by Category (in %), 2021
Figure 7: Global: Online Car Buying Market: Breakup by Region (in %), 2021
Figure 8: Global: Online Car Buying (Hatchback) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Online Car Buying (Hatchback) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Online Car Buying (Sedan) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Online Car Buying (Sedan) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Online Car Buying (SUV) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Online Car Buying (SUV) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Online Car Buying (Other Vehicle Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Online Car Buying (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Online Car Buying (Petrol) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Online Car Buying (Petrol) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Online Car Buying (Diesel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Online Car Buying (Diesel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Online Car Buying (Other Propulsion Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Online Car Buying (Other Propulsion Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Online Car Buying (Pre-Owned Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Online Car Buying (Pre-Owned Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Online Car Buying (New Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Online Car Buying (New Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Online Car Buying Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Online Car Buying Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Online Car Buying Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: Online Car Buying Industry: SWOT Analysis
Figure 76: Global: Online Car Buying Industry: Value Chain Analysis
Figure 77: Global: Online Car Buying Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Online Car Buying Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Online Car Buying Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 3: Global: Online Car Buying Market Forecast: Breakup by Propulsion Type (in Million US$), 2022-2027
Table 4: Global: Online Car Buying Market Forecast: Breakup by Category (in Million US$), 2022-2027
Table 5: Global: Online Car Buying Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Online Car Buying Market: Competitive Structure
Table 7: Global: Online Car Buying Market: Key Players