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Online Car Buying Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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 report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on vehicle type, propulsion type and category.

Breakup by Vehicle Type:

 

 
 

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  • Hatchback
  • Sedan
  • SUV
  • Others
     

Breakup by Propulsion Type:

  • Petrol
  • Diesel
  • Others
     

Breakup by Category:

  • Pre-Owned Vehicle
  • New Vehicle
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • 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)

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


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Key Questions Answered in This Report

The global online car buying market was valued at US$ 261.2 Billion in 2021.

We expect the global online car buying market to exhibit a CAGR of 11.60% during 2022-2027.

The increasing internet accessibility, along with the rising number of exclusive car deals offered online by numerous automotive companies, is primarily driving the global online car buying market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the demand fluctuations for purchasing cars, thereby negatively impacting the online car buying market.

Based on the vehicle type, the global online car buying market can be segmented into hatchback, sedan, SUV, and others. Currently, SUV holds the majority of the total market share.

Based on the propulsion type, the global online car buying market has been divided into petrol, diesel, and others. Among these, petrol currently exhibits a clear dominance in the market.

Based on the category, the global online car buying market can be categorized into pre-owned vehicle and new vehicle. Currently, pre-owned vehicle accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global online car buying market include 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.

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