Online Car Dealers in the US - Industry Market Research Report
Description
Online Car Dealers in the US
The Online Car Dealers industry flourished alongside the unique conditions associated with COVID-19, which boosted e-commerce sales across multiple industries. Over the past five years, expanding disposable income has enabled consumers to make big-ticket purchases. A shortage of new cars owing to supply chain disruptions and a chip shortage sent demand for used cars soaring. Pandemic conditions compounded by supply shortages propped up online used car dealers like Carvana, which became one of the fastest-growing retail e-commerce companies in 2022. Over the past five years, revenue for online car dealers has surged at a CAGR of 3.5% to reach an estimated $44.3 billion in 2023.
This industry retails automobiles online to consumers and businesses and provides services to aid in the purchase of automobiles. Automobiles include passenger cars, trucks and sports utility vehicles (SUVs). Some players offer their customers trade-in, car financing and car selling services. This industry does not include classified websites that feature reviews, guides, photos and advertisements of new and used vehicles for sale.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The Online Car Dealers industry flourished alongside the unique conditions associated with COVID-19, which boosted e-commerce sales across multiple industries. Over the past five years, expanding disposable income has enabled consumers to make big-ticket purchases. A shortage of new cars owing to supply chain disruptions and a chip shortage sent demand for used cars soaring. Pandemic conditions compounded by supply shortages propped up online used car dealers like Carvana, which became one of the fastest-growing retail e-commerce companies in 2022. Over the past five years, revenue for online car dealers has surged at a CAGR of 3.5% to reach an estimated $44.3 billion in 2023.
This industry retails automobiles online to consumers and businesses and provides services to aid in the purchase of automobiles. Automobiles include passenger cars, trucks and sports utility vehicles (SUVs). Some players offer their customers trade-in, car financing and car selling services. This industry does not include classified websites that feature reviews, guides, photos and advertisements of new and used vehicles for sale.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
42 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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