Press release
Online Car Buying Market Estimated to Reach US$ 754.2 Billion Globally By 2032 | IMARC Group
๐ ๐๐๐ญ๐จ๐ซ๐ฌ ๐๐๐๐๐๐ญ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐ญ๐ก๐ ๐๐ง๐ฅ๐ข๐ง๐ ๐๐๐ซ ๐๐ฎ๐ฒ๐ข๐ง๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
๐๐ข๐ฌ๐ข๐ง๐ ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐จ๐ง๐ฏ๐๐ง๐ข๐๐ง๐๐ ๐๐ง๐ ๐๐๐๐๐ฌ๐ฌ๐ข๐๐ข๐ฅ๐ข๐ญ๐ฒ:ย
The online car buying market is primarily driven by the increasing convenience and accessibility provided by digital platforms. Consumers can now research, compare, and purchase vehicles from their smartphones or computers, eliminating the need for physical visits to dealerships. Comprehensive online catalogs offer detailed information on car models, specifications, pricing, and customer reviews, empowering buyers with the knowledge needed to make informed decisions. This digital convenience saves time and expands the reach of car buying, allowing consumers to explore a wide range of options without geographical constraints, thus fueling the growth of the online car market.
๐๐๐ข๐ ๐ก๐ญ๐๐ง๐ข๐ง๐ ๐๐จ๐ง๐ญ๐๐๐ญ๐ฅ๐๐ฌ๐ฌ ๐๐ซ๐๐ง๐ฌ๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ ๐๐๐๐๐ญ๐ฒ ๐๐จ๐ง๐๐๐ซ๐ง๐ฌ:ย
The recent outbreak of the coronavirus (COVID-19) pandemic has accelerated the adoption of online car buying as safety concerns have prompted a shift toward contactless transactions and interactions. Online platforms are now offering virtual showrooms, interactive 360-degree views, and video consultations with dealers, enabling customers to explore and purchase vehicles while minimizing physical contact. These safety-driven adaptations have addressed pandemic-related concerns and also resonated with consumers seeking hassle-free and secure ways to buy cars. As safety remains a top priority, online car buying is expected to maintain its appeal beyond the pandemic era.
๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ, ๐๐ฉ๐ญ๐ข๐จ๐ง๐ฌ, ๐๐ง๐ ๐ ๐ข๐ง๐๐ง๐๐ข๐ง๐ ๐๐จ๐จ๐ฅ๐ฌ:ย
Transparency in pricing, coupled with a vast array of vehicle options, is a major driver of online car buying market. Buyers can easily compare prices, features, and deals across multiple platforms, ensuring they get the best value for their money. Additionally, online car marketplaces often offer financing tools that allow customers to explore financing options, calculate monthly payments, and secure pre-approvals. These tools simplify the financial aspect of car buying and provide a seamless end-to-end experience. The combination of transparency, choice, and financing assistance enhances the overall online car buying journey, making it an attractive option for consumers.
๐๐๐๐๐ข๐ง๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐ฅ๐ข๐ง๐ ๐๐๐ซ ๐๐ฎ๐ฒ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ :
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.
TrueCar Inc.
๐ ๐จ๐ซ ๐๐ง ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐ฒ๐จ๐ฎ ๐๐๐ง ๐ซ๐๐๐๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ
:ย https://www.imarcgroup.com/online-car-buying-market/requestsample
๐๐ง๐ฅ๐ข๐ง๐ ๐๐๐ซ ๐๐ฎ๐ฒ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐ฒ๐ฉ๐:
Hatchback
Sedan
SUV
Others
SUV represented the leading segment due to their rising popularity among online car buyers, offering versatility, space, and diverse options that cater to a broad range of consumer preferences.
๐๐ฒ ๐๐ซ๐จ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐จ๐ง ๐๐ฒ๐ฉ๐:
Petrol
Diesel
Others
Petrol accounted for the largest market shareย owing to its wide availability and familiarity among consumers, making them a preferred choice in online car purchasing.
๐๐ฒ ๐๐๐ญ๐๐ ๐จ๐ซ๐ฒ:
Pre-Owned Vehicle
New Vehicle
Pre-owned represented the largest segment as online buyers seek cost-effective and reliable options, often finding attractive deals and a variety of choices in the pre-owned car market.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
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
North America's dominance in the online car buying market is attributed to its mature e-commerce infrastructure, digital-savvy consumers, and the rapid adoption of online platforms.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐๐ฅ๐ ๐จ๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ:ย https://www.imarcgroup.com/online-car-buying-market
๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐ฅ๐ข๐ง๐ ๐๐๐ซ ๐๐ฎ๐ฒ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
At present, the online car buying market is witnessing robust growth propelled by the increasing digitalization of the automotive industry and the enhanced convenience of online platforms that transforms the car buying experience, allowing customers to browse, compare, and purchase vehicles from the comfort of their homes. Apart from this, the coronavirus (COVID-19) pandemic has accelerated the shift toward online car buying as consumers sought contactless and safe shopping options, thus stimulating market growth. Besides this, the availability of extensive information, virtual test drives, and online financing options that enhance transparency and accessibility and make it easier for buyers to make informed decisions is further catalyzing market growth. Furthermore, the rise of e-commerce platforms and online marketplaces dedicated to automotive sales is positively influencing the market growth.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
https://www.imarcgroup.com/agricultural-biotechnology-market
https://www.imarcgroup.com/ai-in-education-market
https://www.imarcgroup.com/call-center-ai-market
https://www.imarcgroup.com/detox-drinks-market
https://www.imarcgroup.com/diabetes-drugs-diagnostics-market
๐๐จ๐ญ๐: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
IMARC Group
Email:ย sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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