
Online Car Buying Market
Description
Global online car buying market is estimated to be valued at USD 370.70 Bn in 2025 and is expected to reach USD 856.57 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 12.7% from 2025 to 2032.
Report Description
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
Report Description
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 (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 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.
- Vehicle Type Insights (Revenue, USD Bn, 2020 - 2032)
- Hatchback
- Sedan
- SUV
- Others
- Propulsion Type Insights (Revenue, USD Bn, 2020 - 2032)
- Petrol
- Diesel
- Others
- Category Insights (Revenue, USD Bn, 2020 - 2032)
- Pre-Owned Vehicle
- New Vehicle
- Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of 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.
Table of Contents
173 Pages
- 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
- 4. Global Online Car Buying Market, By Vehicle Type, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021-2032
- Segment Trends
- Hatchback
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- Sedan
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- SUV
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- 5. Global Online Car Buying Market, By Propulsion Type, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021-2032
- Segment Trends
- Petrol
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- Diesel
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- 6. Global Online Car Buying Market, By Category, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021-2032
- Segment Trends
- Pre-Owned Vehicle
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- New Vehicle
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- 7. Global Online Car Buying Market, By Region, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, By Region, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021-2032
- North America
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2020-2032, (USD Bn)
- Market Size and Forecast, By Propulsion Type, 2020-2032, (USD Bn)
- Market Size and Forecast, By Category, 2020-2032, (USD Bn)
- Market Size and Forecast, By Country, 2020-2032, (USD Bn)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2020-2032, (USD Bn)
- Market Size and Forecast, By Propulsion Type, 2020-2032, (USD Bn)
- Market Size and Forecast, By Category, 2020-2032, (USD Bn)
- Market Size and Forecast, By Country, 2020-2032, (USD Bn)
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2020-2032, (USD Bn)
- Market Size and Forecast, By Propulsion Type, 2020-2032, (USD Bn)
- Market Size and Forecast, By Category, 2020-2032, (USD Bn)
- Market Size and Forecast, By Country, 2020-2032, (USD Bn)
- China
- India
- ASEAN
- Australia
- South Korea
- Japan
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2020-2032, (USD Bn)
- Market Size and Forecast, By Propulsion Type, 2020-2032, (USD Bn)
- Market Size and Forecast, By Category, 2020-2032, (USD Bn)
- Market Size and Forecast, By Country, 2020-2032, (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2020-2032, (USD Bn)
- Market Size and Forecast, By Propulsion Type, 2020-2032, (USD Bn)
- Market Size and Forecast, By Category, 2020-2032, (USD Bn)
- Market Size and Forecast, By Country, 2020-2032, (USD Bn)
- 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.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- AutoNation Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- CarGurus Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- CarMax Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Cars and Bids LLC
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Cars.com Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Cars24 Services Pvt. Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- CarSoup of Minnesota Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Carvago
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Carvana Co.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Cox Enterprises Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- eBay Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Edmunds.com Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Hendrick Automotive Group
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Lithia Motors Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- MH Sub I LLC
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Miami Lakes Automall
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- TrueCar Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- 9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
- 10. Research Methodology
- References
- Research Methodology
- About us and Sales Contact
Pricing
Currency Rates
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