Global Online Car Buying Professional Market

Global Online Car Buying Professional Market Insights, Players, Region, Type & Application Analysis 2018-2029

Global Online Car Buying Professional Market

Global Online Car Buying Professional Market Insights, Players, Region, Type & Application Analysis 2018-2029

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The global Online Car Buying market size in 2022 is 298570.0 million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate (CAGR) of 11.90% expected in 2023-2029.


Understanding Competitive Landscape:

The main players in the Online Car Buying market include Asbury Automotive Group, Inc., AutoNation, Inc., CarGurus, Inc., MH Sub I, LLC (CarsDirect), and Cars.com Inc.. The share of the top 3 players in the Online Car Buying market is XX%.


REGION SHARE:

The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Online Car Buying market, and Asia Pacific accounted for XX%.


Segmentation Analysis of the Market:

The report segments the market by Type and Application. Hatchback accounted for XX% of Online Car Buying market in 2022. Sedan share of XX%.

Petrol accounted for XX% of the Online Car Buying market in 2022. Diesel accounts for XX%.

The cumulative impact of COVID-19, Russia-Ukraine conflict, and high inflation is expected to have a significant long-term impact on the global Online Car Buying markets. Ongoing research considers changes in consumer behavior, supply chain disruptions, and government intervention caused by the pandemic. Likewise, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine conflict and its potential impact on the supply-demand balance, pressure on pricing variables, and import, export, and trade. In addition, the report discusses the impact of high inflation on the global economy and details fiscal policies to measure and reduce its impact on demand, supply, cash flows, and currency exchange.

Market Statistics:

Reports provide market sizes and forecasts for multiple major currencies (USD, EUR, JPY, GBP, CNY, etc.); multi-currency support helps organizational leaders make informed decisions. This report takes 2018-2021 as the historical year, 2022 as the base year, 2023 as the semi-forecast year, and 2024-2029 as the full forecast year.

Market Share Analysis:

Market share analysis provides deep insights into the current status of vendors in a particular market space. By comparing suppliers' contributions to total revenue, customer base, and other key metrics, we can give companies a better understanding of their performance and the challenges they face as they compete for market share. The analysis also sheds light on the competitiveness of any given sector in terms of accumulation, diversification of strengths, and consolidation characteristics during the base year studied.

The report provides insights on the following metrics:

Market Penetration: Provides comprehensive information on the market offered by key players

Market Diversification: Provides detailed information on new product launches, greenfield regions, recent developments and investments

Market Trends: A Big Picture of the Cumulative Impact of COVID-19, Russia-Ukraine Conflict, and High Inflation

Competitive assessment and intelligence: Provides an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape and manufacturing capabilities of leading players

Product Development & Innovation: Provides intelligent insights into future technologies, R&D activities, and breakthrough product developments

Market Segmentation: Segment by Type, Application, and Region to provide detailed insights into market information.

In recent years, a series of factors are affecting the development of the automotive industry.

Electric Vehicles (EVs): The shift towards electric vehicles has gained significant momentum in recent years. Automakers are investing heavily in EV development and expanding their electric vehicle lineups. This trend is driven by factors such as government regulations to reduce emissions, improvements in battery technology, and increasing consumer interest in eco-friendly transportation options.

Autonomous Driving: Autonomous driving technology has advanced rapidly, with the development of sophisticated sensors, machine learning algorithms, and connectivity systems. Automakers and tech companies are investing in autonomous driving research and development, aiming to achieve higher levels of vehicle automation. This trend holds the promise of safer and more efficient transportation, as well as new business models like autonomous ride-hailing services.

Shared Mobility: The concept of shared mobility has gained popularity, particularly in urban areas. Services like ride-hailing, car-sharing, and car subscription models have experienced significant growth. These services offer convenience, cost savings, and reduced traffic congestion by optimizing vehicle utilization. Automakers are responding by entering partnerships or launching their own shared mobility platforms.


On The Basis of Regions, The Report Has Segmented the Market into The Following Key Regions:

North America

Europe

China

Japan

Korea

Southeast Asia

India

South America

Middle East & Africa


Key Players Driving the Market:

Asbury Automotive Group, Inc.

AutoNation, Inc.

CarGurus, Inc.

MH Sub I, LLC (CarsDirect)

Cars.com Inc.

Cars24 Services Private Limited

Group 1 Automotive, Inc.

Hendrick Automotive Group

Lithia Motors, Inc.

TrueCar, Inc.


By Product Type, the market is primarily segmented into:

Hatchback

Sedan

SUV

Others


By Applications, the market is segmented into:

Petrol

Diesel

Others

Table of Content

1 Online Car Buying Market Introduction and Overview

1.1 Online Car Buying Definition

1.2 Market Size Analysis by Types

1.3 Market Size Analysis by Application

1.4 Research Purposes

1.5 Report Timeline

1.6 Economic Analysis of Global Regions

1.7 Inflation Analysis

1.8 The Impact of the Russian-Ukrainian War on the Market

2 Market Competition by Manufacturers

2.1 Global Online Car Buying Revenue and Market Share by Manufacturer

2.2 Manufacturers Online Car Buying Production Sites, Area Served, Product Types

2.3 Online Car Buying Market Competitive Situation and Trends

2.3.1 Online Car Buying Market Concentration Rate

2.3.2 Global Top 5 and Top 10 Players Market Share by Revenue in 2023

2.3.3 Mergers & Acquisitions, Expansion

3 Players Profiles

3.1 Asbury Automotive Group, Inc.

3.1.1 Asbury Automotive Group, Inc. Company Profile

3.1.2 Online Car Buying Product Overview

3.1.3 Asbury Automotive Group, Inc. Online Car Buying Market Performance (2018-2023)

3.1.4 Asbury Automotive Group, Inc. Business Overview

3.2 AutoNation, Inc.

3.2.1 AutoNation, Inc. Company Profile

3.2.2 Online Car Buying Product Overview

3.2.3 AutoNation, Inc. Online Car Buying Market Performance (2018-2023)

3.2.4 AutoNation, Inc. Business Overview

3.3 CarGurus, Inc.

3.3.1 CarGurus, Inc. Company Profile

3.3.2 Online Car Buying Product Overview

3.3.3 CarGurus, Inc. Online Car Buying Market Performance (2018-2023)

3.3.4 CarGurus, Inc. Business Overview

3.4 MH Sub I, LLC (CarsDirect)

3.4.1 MH Sub I, LLC (CarsDirect) Company Profile

3.4.2 Online Car Buying Product Overview

3.4.3 MH Sub I, LLC (CarsDirect) Online Car Buying Market Performance (2018-2023)

3.4.4 MH Sub I, LLC (CarsDirect) Business Overview

3.5 Cars.com Inc.

3.5.1 Cars.com Inc. Company Profile

3.5.2 Online Car Buying Product Overview

3.5.3 Cars.com Inc. Online Car Buying Market Performance (2018-2023)

3.5.4 Cars.com Inc. Business Overview

3.6 Cars24 Services Private Limited

3.6.1 Cars24 Services Private Limited Company Profile

3.6.2 Online Car Buying Product Overview

3.6.3 Cars24 Services Private Limited Online Car Buying Market Performance (2018-2023)

3.6.4 Cars24 Services Private Limited Business Overview

3.7 Group 1 Automotive, Inc.

3.7.1 Group 1 Automotive, Inc. Company Profile

3.7.2 Online Car Buying Product Overview

3.7.3 Group 1 Automotive, Inc. Online Car Buying Market Performance (2018-2023)

3.7.4 Group 1 Automotive, Inc. Business Overview

3.8 Hendrick Automotive Group

3.8.1 Hendrick Automotive Group Company Profile

3.8.2 Online Car Buying Product Overview

3.8.3 Hendrick Automotive Group Online Car Buying Market Performance (2018-2023)

3.8.4 Hendrick Automotive Group Business Overview

3.9 Lithia Motors, Inc.

3.9.1 Lithia Motors, Inc. Company Profile

3.9.2 Online Car Buying Product Overview

3.9.3 Lithia Motors, Inc. Online Car Buying Market Performance (2018-2023)

3.9.4 Lithia Motors, Inc. Business Overview

3.10 TrueCar, Inc.

3.10.1 TrueCar, Inc. Company Profile

3.10.2 Online Car Buying Product Overview

3.10.3 TrueCar, Inc. Online Car Buying Market Performance (2018-2023)

3.10.4 TrueCar, Inc. Business Overview

4 Global Online Car Buying Historical and Forecast Market Analysis by Type

4.1 Global Online Car Buying Revenue and Market Share by Type

4.2 Global Online Car Buying Revenue Market Forecast by Type (2023-2029)

5 Global Online Car Buying Historical and Forecast Market Analysis by Application

5.1 Global Online Car Buying Revenue Market Share by Application (2018-2023)

5.2 Online Car Buying Revenue Market Forecast by Application (2023-2029)

6 Global Market Growth Trends Analysis

6.1 Global Online Car Buying Market Size & Forecast (2018-2029)

6.2 Online Car Buying Growth Trends Analysis by Regions

6.2.1 Online Car Buying Market Size by Regions: 2018 VS 2023 VS 2029

6.2.2 Online Car Buying Historic Revenue Market Size by Regions (2018-2023)

6.2.3 Online Car Buying Forecasted Revenue Market Size by Regions (2023-2029)

6.2.4 North America Online Car Buying Market Size & Forecast (2018-2029)

6.2.5 Europe Online Car Buying Market Size & Forecast (2018-2029)

6.2.6 China Online Car Buying Market Size & Forecast (2018-2029)

6.2.7 Japan Online Car Buying Market Size & Forecast (2018-2029)

6.2.8 Korea Online Car Buying Market Size & Forecast (2018-2029)

6.2.9 Southeast Asia Online Car Buying Market Size & Forecast (2018-2029)

6.2.10 India Online Car Buying Market Size & Forecast (2018-2029)

6.2.11 South America Online Car Buying Market Size & Forecast (2018-2029)

6.2.12 Middle East & Africa Online Car Buying Market Size & Forecast (2018-2029)

7 North America

7.1 North America Online Car Buying Revenue by Players

7.2 North America Online Car Buying Revenue by Types

7.3 North America Online Car Buying Revenue by Applications

7.4 North America Online Car Buying Revenue, Gross and Gross Margin (2018-2023)

7.5 North America PEST Analysis

8 Europe

8.1 Europe Online Car Buying Revenue by Players

8.2 Europe Online Car Buying Revenue by Types

8.3 Europe Online Car Buying Revenue by Applications

8.4 Europe Online Car Buying Revenue, Gross and Gross Margin (2018-2023)

8.5 Europe PEST Analysis

9 China

9.1 China Online Car Buying Revenue by Players

9.2 China Online Car Buying Revenue by Types

9.3 China Online Car Buying Revenue by Applications

9.4 China Online Car Buying Revenue, Gross and Gross Margin (2018-2023)

9.5 China PEST Analysis

10 Japan

10.1 Japan Online Car Buying Revenue by Players

10.2 Japan Online Car Buying Revenue by Types

10.3 Japan Online Car Buying Revenue by Applications

10.4 Japan Online Car Buying Revenue, Gross and Gross Margin (2018-2023)

10.5 Japan PEST Analysis

11 Korea

11.1 Korea Online Car Buying Revenue by Players

11.2 Korea Online Car Buying Revenue by Types

11.3 Korea Online Car Buying Revenue by Applications

11.4 Korea Online Car Buying Revenue, Gross and Gross Margin (2018-2023)

11.5 Korea PEST Analysis

12 Southeast Asia

12.1 Southeast Asia Online Car Buying Revenue by Players

12.2 Southeast Asia Online Car Buying Revenue by Types

12.3 Southeast Asia Online Car Buying Revenue by Applications

12.4 Southeast Asia Online Car Buying Revenue, Gross and Gross Margin (2018-2023)

12.5 Southeast Asia PEST Analysis

13 India

13.1 India Online Car Buying Revenue by Players

13.2 India Online Car Buying Revenue by Types

13.3 India Online Car Buying Revenue by Applications

13.4 India Online Car Buying Revenue, Gross and Gross Margin (2018-2023)

13.5 India PEST Analysis

14 South America

14.1 South America Online Car Buying Revenue by Players

14.2 South America Online Car Buying Revenue by Types

14.3 South America Online Car Buying Revenue by Applications

14.4 South America Online Car Buying Revenue, Gross and Gross Margin (2018-2023)

14.5 South America PEST Analysis

15 Middle East & Africa

15.1 Middle East & Africa Online Car Buying Revenue by Players

15.2 Middle East & Africa Online Car Buying Revenue by Types

15.3 Middle East & Africa Online Car Buying Revenue by Applications

15.4 Middle East & Africa Online Car Buying Revenue, Gross and Gross Margin (2018-2023)

15.5 Middle East & Africa PEST Analysis

16 Online Car Buying Business Cost Analysis

16.1 Proportion of Business Cost Structure

16.1.1 Labor Cost

16.1.2 Operating Expenses

16.2 Online Car Buying Industrial Chain Analysis

17 Online Car Buying Industry Dynamic Analysis

17.1 Online Car Buying Market Trends Analysis

17.2 Online Car Buying Market Drivers Analysis

17.3 Online Car Buying Market Challenges Analysis

17.4 Online Car Buying Market Restraints Analysis

18 Research Findings and Conclusion

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Global Online Car Buying Professional Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
What trends are influencing the growth of the Global Online Car Buying Professional Market?
New players are entering the Global Online Car Buying Professional Market, while established companies are changing their business models and strategies. This pattern is likely to continue for the foreseeable future.
What is the anticipated growth rate for the Global Online Car Buying Professional Market?
During the projected year from 2025 to 2030, the Global Online Car Buying Professional Market is expected to grow at a CAGR of xx%.
What are the advantages of the Global Online Car Buying Professional Market research study?
The Global Online Car Buying Professional Market research study aids businesses in strategic planning so that they may realize and gain business value from their growth strategies.
What does the future hold for the Global Online Car Buying Professional Industry?
This latest research publication on the Global Online Car Buying Professional Market is an in-depth market tracker that provides a comprehensive assessment of the challenges that manufacturers face in achieving new growth cycles in the current scenario.