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Online Car Dealers in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Online Car Dealers Market Research Report | Online Retail | Online Cars & Automotive Goods | Aug 2014

Possible traffic ahead: Increased consumer spending will drive growth, however tepidly

IBISWorld’s Online Car Dealers market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$22bn
Annual Growth 09-14
5.6%
Annual Growth 14-19
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Profit
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Employment
44,020
Businesses
3,014
Industry Analysis & Industry Trends

The Online Car Dealers industry experienced its share of wear and tear during the Great Recession, which led to a downturn in per capita disposable income and corporate profit and, thus, drops in consumer and business spending on cars. Improving economic conditions post recession and government incentive programs, however, resulted in overall positive growth from 2008 to 2013. Despite stronger demand from consumers and businesses endowed with higher disposable income and profit, the industry will continue to face challenges in luring consumers to buy online.... purchase to read more

Industry Report - Industry Products Chapter

Online car dealers sell new and used vehicles and provide parts, repair services financing and insurance. Consumers are driving their vehicles longer and choosing used vehicles over new ones, fueling growth in the maintenance-oriented parts and services segment.

New vehicle sales

New vehicle sales are expected to account for about 46.9% of industry revenue in 2014. Demand for new vehicles was hampered during the recession as consumer spending plummeted, but has since picked up. New car dealers continue to benefit from pent-up demand being released, new models, low interest rates and easing credit terms.

Prior to 2007, sales of light trucks and SUVs were skyrocketing; however, this trend has since begun to unwind due to rising gas prices... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Online Car Dealers Industry?

This industry retails automobiles online to consumers and businesses and provides services to aid in the purchase of automobiles. Autos 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.

Industry Products
New vehicle salesUsed vehicle salesParts and repair servicesFinancing and insurance
 
Industry Activities
Selling new and used cars onlineSelling new and used trucks onlineProviding vehicle maintenance and repair servicesProviding vehicle financingProviding car-selling services


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