In 2021, Baby Boomers were the main new car buyers in the United States, representing around ** percent of new car sales. By contrast, Gen X made up the majority of the used car buyers, at close to ** percent of the sales.

Snapshot img

The online car buying market share is expected to increase by USD 214.41 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.4%.

This online car buying market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the online car buying market segmentations by Class Type (pre-owned and new vehicle) and Geography (North America, Europe, APAC, South America, and Middle East and Africa). The online car buying market report also offers information on several market vendors, including American City Business Journals Inc., Asbury Automotive Group Inc., AutoNation Inc., CarGurus Inc., CarMax Inc., Cars & 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, and TrueCar Inc., among others.

What will the Online Car Buying Market Size be During the Forecast Period?

Download Report Sample to Unlock the Online Car Buying Market Size for the Forecast Period and Other Important Statistics

Online Car Buying Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the global online car buying market.

Key Online Car Buying Market Driver

The increasing adoption of e-commerce and technological advancements in online channels are key factors driving the global online car buying market growth. Technological advancements such as the development of smartphones and rising Internet penetration are spurring the use of e-commerce applications to boost the sales of businesses, while the introduction of hybrid and electric vehicles has changed the buyers' position in the global online car buying market. With the aid of online technology, consumers are learning more about the vehicle, the on-road prices of new automobiles, residual value, third-party profit margins, and other factors for used cars. Additionally, growing urbanization, an increase in Internet connectivity, and the growth of the telecom industry have made it possible for the general public to access information much more easily. Online car dealers are increasingly using these factors to advertise their vehicles and disseminate information about them. The sale process has been streamlined on web platforms, which also makes it possible for more stakeholders to sell and acquire used cars. Thus, the growing e-commerce industry and the increasing adoption of technological advancements by vendors will propel the growth of the global online car buying market during the forecast period.

Key Online Car Buying Market Trend

Easy online financing will fuel the global online car buying market growth. Financing options are widely available on many car-buying websites, which encourages customers to get preapproval for loans before they even start looking for cars on their websites. According to a survey, 71% of customers choose to finance through the site where they purchased their car. These customers are highly satisfied with the financing options available on car-buying websites. Hassle-free loan applications and favorable interest rates attract more customers to opt for online financing options. For instance, AutoNation Inc. provides hassle-free auto financing options for every customer according to his or her needs and requirements. The company offers a wide range of finance programs that makes auto financing simple and clear. To provide a variety of financing and leasing alternatives, AutoNation has partnered with hundreds of banks in the US. Owing to such easy financing options, customers are attracted to online car-buying options. Thus, the availability of hassle-free and paperless online auto finance provided by car-buying websites will fuel the growth of the global online car buying market during the forecast period.

Key Online Car Buying Market Challenge

Limited customer awareness and acceptance in semi-urban and rural areas are the major challenges to the global online car buying market growth. Buying a car online is still an urban concept despite its prevalence and its numerous advantages. The acceptance of buying a car through online channels is low in semi-urban and rural areas. Buying cars online has not penetrated a large portion of the population, particularly in developing countries such as India. In emerging economies, including India, China, and Indonesia, a car is considered a status symbol. Thus, customers in such countries generally prefer to buy a car through physical stores where they can physically inspect the features of the car. For the middle-class population, buying

Over ** percent of new car buyers in the United States between September 2020 and August 2021 identified as men. By contrast, women only represented ** percent of new car buyers but lead the used car market, amounting to over **** of the used vehicle sales for that same time period.

Close to half of U.S. consumers preferred to acquire their new vehicle through an authorized dealer when buying a car online. The digitalization of the car buying process remains slow, however, as less than a quarter of U.S. consumers report considering online retail to acquire their next vehicle.

A 2021 survey of consumers who have recently purchased or leased a vehicle found that new car buyers spend an average of * hours and ** minutes on online automotive research and purchasing, down from the previous years. Moreover, this is significantly less than for used car buyers, who spend an average of * hours and ** minutes researching and purchasing their cars.

In 2021, the size of the global automotive e-commerce market amounted to 38.67 billion U.S. dollars; by 2031, it is expected to be worth 176.24 billion U.S. dollars. In the last two years, the automotive e-commerce market's growth slowed down due to a decrease in vehicle production caused by the coronavirus pandemic. However, the e-commerce market has been back on track since industry players implemented various developments to reduce the risks of the automobile market for players and customers.

Snapshot img

The automotive e-retail market share is expected to increase by 21647.32 thousand units from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 17.49%.

This automotive e-retail market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive e-retail market segmentations by product (passenger cars and two-wheelers) and geography (North America, APAC, Europe, South America, and MEA). The automotive e-retail market report also offers information on several market vendors, including Alibaba Group Holding Ltd., Asbury Automotive Group Inc., AutoNation Inc., eBay Inc., Group 1 Automotive Inc., Hendrick Automotive Group, Lithia Motors Inc., Penske Corp., Scout24 AG, and TrueCar Inc. among others.

What will the Automotive E-retail Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Automotive E-retail Market Size for the Forecast Period and Other Important Statistics

Automotive E-retail Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The ease and convenience of buying cars and two-wheelers online is notably driving the automotive e-retail market growth, although factors such as cost pressure on vendors due to price sensitivity may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive e-retail industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive E-retail Market Driver

The ease and convenience of buying cars and two-wheelers online is a major factor driving the global automotive e-retail market share growth. The advantages and benefits associated with buying cars and two-wheelers online drive the growth of the global automotive e-retail market. The emergence of various e-commerce platforms has increased the sales of several products. Most products and services can be purchased online due to the wide penetration of e-commerce companies in various industries, such as electronics, apparel, groceries, and automobiles. Several new automotive retailers launched their e-commerce platforms in the last decade. The number of automotive retailers that sell cars increased due to a rise in Internet penetration, improvements in infrastructure, and changes in customer lifestyle. Customers prefer purchasing vehicles online due to convenience. They do not have to visit dealerships to compare vehicles, test drive their choices, and seek advice about financing options. On online platforms, customers can select vehicles, compare features and specifications, and request for a test drive. Most vendors allow customers to trade-in or sell their old vehicles. They also provide financing options such as EMIs and accept full online payments. Such benefits drive the growth of the global automotive e-retail market.

Key Automotive E-retail Market Trend

The popularity of automotive e-retail in APAC is another factor supporting the global automotive e-retail market share growth. APAC dominates global e-commerce sales. The presence of a large consumer base, the untapped of the market, improvements in infrastructure, increasing disposable incomes and improvements in socioeconomic conditions drive the growth of the e-commerce market in APAC. The popularity of automotive e-retail is increasing in the region, especially in fast-growing automotive markets such as China and India. For instance, Alibaba, an online retailer that is based in China, now provides vehicles on its online platform. Customers in China can book or buy new vehicles through the company's website. Several electric vehicle manufacturers that are in China have partnered with Alibaba to sell their vehicles online as the demand for electric vehicles is high in the country, which is the largest market in the world. In India, online retailers such as Paytm offer customers the option to book new vehicles of various brands through their online portal. Paytm offers various models of brands such as RIPL and Tata Motors Ltd. The popularity of online vehicle sales is expected to result in several e-commerce companies selling vehicles online, which will drive the growth of the market during the forecast period.

Key Automotive E-retail Market Challenge

The cost pressure on vendors due to price sensitivity will be a major challenge for the global automotive e-retail market share growth during the forecast period. Vendors are facing cost pressure, amid intense competition, to gain a competitive advantage. They are looking to attract new customers as well as increase sales by offering lower selling prices and discounts

The global used car market, valued at approximately $XX million in 2025 (assuming a logical estimation based on the provided CAGR of 10% and a known market size at an earlier point in time – this would require additional data to give a precise figure), is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 10% from 2025 to 2033. This expansion is fueled by several key factors. Increasing vehicle ownership, particularly in developing economies, coupled with the rising preference for more affordable transportation options, significantly boosts demand. Technological advancements, including online marketplaces and improved vehicle inspection services, streamline the buying and selling processes, further accelerating market growth. The shift towards subscription-based car ownership models and the growing acceptance of used vehicles as a viable alternative to new cars also contribute to the market's dynamism. Different vehicle types within the market exhibit varying growth trajectories, with SUVs and MPVs often leading in sales due to their versatility and family-friendly features. The organized sector, encompassing established dealerships and online platforms, is steadily gaining market share from the unorganized sector due to increased transparency, better financing options, and enhanced customer trust. Geographical variations in market performance are evident. North America and Europe currently dominate the market, with mature economies and strong established automotive infrastructures. However, rapid economic growth and rising disposable incomes in Asia-Pacific regions, particularly in India and China, are propelling significant market expansion in these areas, presenting lucrative opportunities for both established and emerging players. Challenges remain, including fluctuations in used car prices influenced by macroeconomic factors, concerns about vehicle reliability, and the growing environmental consciousness driving demand for more fuel-efficient options. Nevertheless, the long-term outlook for the used car market remains positive, with continued expansion anticipated throughout the forecast period. The competitive landscape is fiercely contested, with established global players like Hertz, Cox Automotive, and CarMax competing alongside regional players and emerging online platforms. Strategic acquisitions, technological investments, and expanding service offerings are key strategies employed by companies to gain a competitive edge and cater to evolving consumer preferences. This comprehensive report provides a detailed analysis of the global used car industry, covering the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, the report forecasts market trends and growth opportunities within the multi-billion dollar sector. The study incorporates historical data (2019-2024), analyzes current market dynamics (2025), and projects future growth (2025-2033). This report is invaluable for industry stakeholders, investors, and anyone seeking to understand the complexities and potential of this dynamic market. Keywords: used car market, used car sales, used car prices, used car industry trends, pre-owned car market, second-hand car market, automotive market analysis, used car valuation, online used car market. Recent developments include: March 2022: TrueCar Inc. launched a new online car-buying marketplace called TrueCar+. TrueCar+ will provide consumers with a more flexible and personalized car buying experience for new and used vehicles., January 2022: General Motors launched Carvago to capitalize on the inflated used car. CarBravo will draw from General Motors' pool of available used cars, along with those of its franchised dealerships., September 2021: Mobil88 launched the Mo88i application to make buying and selling used cars easier. Mo88i is a platform for buying and selling used cars that are trusted, easy, fast, and efficient. This includes car inspections and estimated bid prices. It also ends with financing and vehicle insurance submissions., March 2021: Penske Automotive Group Inc. announced that it adopted CarShop as its global brand for its used vehicle SuperCenters. The company renamed its six used vehicles SuperCenters in the United States from CarSense to CarShop.. Key drivers for this market are: Increasing Demand For Electric School Buses. Potential restraints include: Uncertainty of The Global Pandemic. Notable trends are: Strengthening of Online Infrastructure Positively Affecting the Used Cars Market.

The number of new and used vehicles and the sales dollars respectively sold by month.

MDOT MVA’s Customer Connect modernization project, implemented in July 2020, has increased the amount of data that is collected and used to calculate car sales. This data is updated in real time and may fluctuate based on external factors, including electronic submissions from dealers and other vendors.

New car buyer satisfaction with their shopping experience peaked amidst the COVID-19 pandemic, reaching ** percent satisfaction among U.S. respondents in 2020. Used car buyer satisfaction followed a similar pattern, shooting to ** percent that same year. However, satisfaction across both categories dipped during the automotive chip shortage in 2021.

Snapshot img

The automotive front-end module market share is expected to increase by USD 29.37 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8%.

This automotive front-end module market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive front-end module market segmentation by application (passenger cars and commercial vehicles) and geography (APAC, Europe, North America, South America, and MEA). The automotive front-end module market report also offers information on several market vendors, including COMPAGNIE PLASTIC OMNIUM SE, DENSO Corp., FLEX-N-GATE Corp., Hyundai Mobis Co. Ltd., LINDE + WIEMANN SE & Co. KG, Magna International Inc., Marelli Holdings Co. Ltd., Montaplast GmbH, Motherson Sumi Systems Ltd., and SL Corp. among others.

What will the Automotive Front-end Module Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Automotive Front-end Module Market Size for the Forecast Period and Other Important Statistics

Automotive Front-end Module Market: Key Drivers, Trends, and Challenges

The increasing government support to promote EVs is notably driving the automotive front-end module market growth, although factors such as sharp decline in automobile production and sales may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive front-end module industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Front-end Module Market Driver

One of the key factors driving the global automotive front-end module industry growth is the increasing government support to promote EVs. For instance, in February 2019, the Indian government announced the second phase of the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India (FAME India) scheme and doubled the budget allocated for this phase. The aim of this scheme is to reduce the purchase price of hybrid and EVs, with a focus on vehicles used for public or shared transportation (buses, rickshaws, and taxis) and private two-wheelers. Similarly, in the US, consumers get a tax credit for purchasing EVs under the federal Internal Revenue Service (IRS) tax credit. As per the guidelines mentioned by the government, BEVs and PHEVs purchased in or after 2010 may be eligible for the US federal income tax credit of up to USD 7,500. Such factors are expected to positively impact the global automotive FEM market during the forecast period.

Key Automotive Front-end Module Market Trend

Increasing cost pressure faced by OEMs is one of the key automotive front-end module market trends that is expected to impact the industry positively in the forecast period. The factors responsible for high-cost pressures faced by OEMs included stringent emission norms, massive investments in R&D, market competition, and evolving customer demands. OEMs must bear the increase in vehicle costs because of the competitive market and cannot pass such costs to the end consumers. As they need to limit the production cost to fulfill the demand side necessities and provide high-quality products simultaneously, they remain liable for any such product failures or recalls, which can impact the bottom line. The manufacturers catering to the automotive industry are exploring various ways to restrict the production costs and maintain the quality standards simultaneously, which will support the market growth.

Key Automotive Front-end Module Market Challenge

One of the key challenges to the global automotive front-end module industry growth is the sharp decline in automobile production and sales. For instance, the sales of light vehicles in the US dropped by about 3.1% from January to March 2019 compared with the same period in the previous year. Automotive production in Germany, UK, and China, among other countries, has been declining since 2017. China registered a decline of about 12.4% in automotive sales during the first half of 2019. Automotive production in other major automotive manufacturing countries, such as India, Japan, and the US, registered growth during 2017-2018. Moreover, the automotive industry witnessed a slow growth in 2020, owing to the global COVID-19 outbreak. Such factors may limit the market growth in the coming years.

This automotive front-end module market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global a

United States Electric Vehicle Sales: GMC data was reported at 4,728.000 Unit in Mar 2025. This records a decrease from the previous number of 6,492.000 Unit for Dec 2024. United States Electric Vehicle Sales: GMC data is updated quarterly, averaging 789.000 Unit from Dec 2021 (Median) to Mar 2025, with 14 observations. The data reached an all-time high of 6,492.000 Unit in Dec 2024 and a record low of 1.000 Unit in Dec 2021. United States Electric Vehicle Sales: GMC data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA007: Electric Vehicle Sales: by Brand and Model.

Electric Vehicle Sales: ytd: BMW data was reported at 13,538.000 Unit in Mar 2025. This records a decrease from the previous number of 50,980.000 Unit for Dec 2024. Electric Vehicle Sales: ytd: BMW data is updated quarterly, averaging 12,125.000 Unit from Mar 2021 (Median) to Mar 2025, with 16 observations. The data reached an all-time high of 50,980.000 Unit in Dec 2024 and a record low of 348.000 Unit in Mar 2021. Electric Vehicle Sales: ytd: BMW data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA008: Electric Vehicle Sales: by Brand and Model: ytd.

Electric Vehicle Sales: ytd: Rivian data was reported at 8,553.000 Unit in Mar 2025. This records a decrease from the previous number of 51,579.000 Unit for Dec 2024. Electric Vehicle Sales: ytd: Rivian data is updated quarterly, averaging 17,087.000 Unit from Dec 2021 (Median) to Mar 2025, with 14 observations. The data reached an all-time high of 51,579.000 Unit in Dec 2024 and a record low of 583.000 Unit in Dec 2021. Electric Vehicle Sales: ytd: Rivian data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA008: Electric Vehicle Sales: by Brand and Model: ytd.

Electric Vehicle Sales: ytd: Kia data was reported at 8,656.000 Unit in Mar 2025. This records a decrease from the previous number of 56,099.000 Unit for Dec 2024. Electric Vehicle Sales: ytd: Kia data is updated quarterly, averaging 13,566.000 Unit from Mar 2021 (Median) to Mar 2025, with 17 observations. The data reached an all-time high of 56,099.000 Unit in Dec 2024 and a record low of 680.000 Unit in Mar 2021. Electric Vehicle Sales: ytd: Kia data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA008: Electric Vehicle Sales: by Brand and Model: ytd.

Worldwide car sales grew to around ** million automobiles in 2024, up from around **** million units in 2023. Throughout 2020 and 2021, the sector experienced a downward trend on the back of a slowing global economy, while COVID-19 and the Russian war on Ukraine contributed to shortages in the automotive semiconductor industry and further supply chain disruptions in 2022. Despite these challenges, 2023 and 2024 sales surpassed pre-pandemic levels and are forecast to keep rising through 2025 and 2026. Covid-19 hits car demand It had been estimated pre-pandemic that international car sales were on track to reach ** million. While 2023 sales are still far away from that goal, this was the first year were car sales exceeded pre-pandemic values. The automotive market faced various challenges in 2023, including supply shortages, automotive layoffs, and strikes in North America. However, despite these hurdles, the North American market was among the fastest-growing regions in 2024, along with Eastern Europe and Asia, as auto sales in these regions increased year-on-year. Chinese market recovers After years of double-digit growth, China's economy began to lose steam in 2022, and recovery has been slow through 2023. China was the largest automobile market based on sales with around **** million units in 2023. However, monthly car sales in China were in free-fall in April 2022 partly due to shortages, fears over a looming recession, and the country grappling with the COVID-19 pandemic. By June of that same year, monthly sales in China were closer to those recorded in 2021.

United States - Producer Price Index by Industry: New Car Dealers: Used Vehicle Sales was 95.44200 Index Dec 1999=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: New Car Dealers: Used Vehicle Sales reached a record high of 164.29000 in November of 2021 and a record low of 67.30000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: New Car Dealers: Used Vehicle Sales - last updated from the United States Federal Reserve on July of 2025.

Electric Vehicle Sales: ytd: Volvo data was reported at 2,718.000 Unit in Mar 2025. This records a decrease from the previous number of 5,393.000 Unit for Dec 2024. Electric Vehicle Sales: ytd: Volvo data is updated quarterly, averaging 3,927.000 Unit from Mar 2021 (Median) to Mar 2025, with 17 observations. The data reached an all-time high of 14,038.000 Unit in Dec 2023 and a record low of 320.000 Unit in Mar 2021. Electric Vehicle Sales: ytd: Volvo data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA008: Electric Vehicle Sales: by Brand and Model: ytd.

Graph and download economic data for Expenditures: Vehicle Purchases: Cars and Trucks, Used by Deciles of Income Before Taxes: Second 10 Percent (11st to 20th Percentile) (CXUUSEDCARSLB1503M) from 2014 to 2021 about used, purchase, trucks, percentile, tax, vehicles, expenditures, income, and USA.