Press release
Online Car Buying Market Set to Reach $722.79 Billion by 2030: Transforming the Future of Vehicle Purchases
Online Car Buying Market
๐ฐ ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/A10067
Several OEMs have started experimenting with online sales to deliver a better online experience for their clients, including better price transparency, the ease of shopping from home, and a digital payment process. For instance, in February 2019, PSA Group CEO Carlos Tavares stated aims to push online sales by more than 1,500% from 6,000 units in 2018 to 100,000 by the end of 2021. Also, Volkswagen is uniting the launch of its new range of electric vehicles with the release of a new IT infrastructure that will enable online vehicle sales on a considerably large extent.
In addition, in June 2019, the responsible members of the board for marketing and sales at Daimler, Britta Seeger, announced that the OEM would sell 25% of its vehicles online by 2025. In Europe, automakers such as Dacia, Volvo, Hyundai, Jaguar, Alpine, Mitsubishi, BMW, Land Rover, and Mini, are directing online sales in selected markets. However, still the adoption of these online platforms and stores remains a bit low and the customer experience they offer needs to be improved. For example, Hyundai and Audi only make a small series of models, which are available online. Many others either do not provide a trade-in option or limit purchase options to new cars. Furthermore, for most OEMs, the online sales share still remains low and foreseen to grow in near future.
Third-party online marketplaces offer a platform for professional dealers and private sellers to market their new as well as used vehicles to a large online customer. Customers can easily go through the available offerings and have quick and convenient access to product information and prices and can instantly access to a wide array of available vehicles and custom suggestion and recommendations, easy benchmarking and price comparisons with less or even no paperwork along with at-home trade-ins and deliveries of vehicles. In addition, sellers can pay the marketplace to advertise their product. For each transaction that takes place via the online platform, they pay a fee to the marketplace. Online brokers such as Carwow work in a similar manner. They connect car buyers and sellers via their online platform. However, unlike online marketplaces, customers do not browse from a list of available offers. Growing internet users, third-party market places and platforms across the globe is expected to strengthen the online car buying market during the forecast period.
๐ฐ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/online-car-buying-market/purchase-options
The report offers detailed segmentation of the global online car buying market based on vehicle type, propulsion type, category, and region.
Based on vehicle type, the SUV segment contributed to the highest market share in 2020, accounting for more than one-third of the total share, and is estimated to maintain its leadership status during the forecast period. However, the sedan segment is projected to witness the highest ๐๐๐๐ ๐จ๐ ๐๐.๐% from 2021 to 2030.
Based on category, the pre-owned vehicle segment held the largest share in 2020, contributing to around 88% of the global online car buying market, and is expected to continue its dominant share during the forecast period. However, the new vehicle segment is projected to portray the largest ๐๐๐๐ ๐จ๐ ๐๐.๐% from 2021 to 2030.
Based on region, North America accounted for the highest share in 2020, contributing to nearly half of the total market share, and is expected to maintain its leadership status by 2030. However, LAMEA is estimated to manifest the fastest ๐๐๐๐ ๐จ๐ ๐๐.๐% during the forecast period.
๐ฐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/A10067
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Asbury Automotive Group, Inc.,
Cargurus, Inc.,
AutoNation, Inc.,
Cars.com, Inc.,
CarsDirect,
Group1 Automotive Inc.,
Cox Automotive Inc,
Lithia Motors, Inc.,
Hendrick Automotive Group,
TrueCar, Inc.
๐๐ ๐๐๐ฏ๐ ๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐จ๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/smart-mobility-market-A06658 - Smart Mobility Market Size, Share, Competitive Landscape and Trend Analysis Report, by Element, Solution and Technology : Global Opportunity Analysis and Industry Forecast, 2020-2027
https://www.alliedmarketresearch.com/brazil-automotive-tire-market-A07485 - Brazil Automotive Tire Market Size, Share, Competitive Landscape and Trend Analysis Report, by Season Type, Rim Size, Vehicle Type and Distribution Channel : Opportunity Analysis and Industry Forecast, 2020-2027
https://www.alliedmarketresearch.com/in-car-infotainment-market - In-Car Infotainment Market Size, Share, Competitive Landscape and Trend Analysis Report, by Installation Type and Component : Global Opportunity Analysis and Industry Forecast, 2021-2028
https://www.alliedmarketresearch.com/automotive-air-filters-market-A13811 - Automotive Air Filters Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, By Vehicle Type, By Propulsion, By Sales Channel : Global Opportunity Analysis and Industry Forecast, 2021-2030
https://www.alliedmarketresearch.com/ethanol-car-market-A10058 - Ethanol Car Market Size, Share, Competitive Landscape and Trend Analysis Report, by Fuel Type, by Vehicle Class, by Blend Type, by Drive Type : Global Opportunity Analysis and Industry Forecast, 2021-2031
๐๐จ๐ง๐ญ๐๐๐ญ:
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