Hey! Have you thought about buying a car on the internet? It’s becoming really popular! You can save time and money and avoid the hassle of visiting dealerships. No more dealing with pushy salespeople or spending hours negotiating prices. You can browse through lots of cars, compare prices and even take a virtual test drive – all from your home! Online car buying is quick and easy.
This shift in consumer behavior has revolutionized the car-buying experience and brought forth a myriad of benefits. From accessibility and convenience to transparency and extensive options, the advantages of online car shopping are reshaping the automotive retail landscape. Keep reading to explore the most reasonable benefits of online car shipping. You can research and buy a car at your own pace. Plus, online dealers often offer good deals and discounts. You can easily compare features, read reviews and check safety ratings. You can even get financing and trade-in options online. So, if you need a new car, try buying online! You might find your perfect car with just a few clicks! Well le’ts talk about benfits of this.
Do you know: The avg. cost for a car in the US is 47k. The comparison of “sold yet purchased” to cars is 122,854.
Some of thekey facts, numbers and stats regarding online car buying in the US:
- The global online car buying market size reached $326.0 Billion in 2023 and it is expected to grow to $754.2 Billion by 2032, at a CAGR of 9.6% during the forecast period (2024-2032) (source: imarcgroup.com (https://www.imarcgroup.com)).
- In 2020, the global online car buying market generated $237.93 billion and it is expected to reach $722.79 billion by 2030, with a CAGR of 12.2% from 2021 to 2030 (source: alliedmarketresearch.com (https://www.alliedmarketresearch.com)).
- The market size of the Online Car Dealers industry in the US increased by 6.8% in 2023, with a 3.5% average annual growth rate from 2018 to 2023 (source: findthebestcarprice.com (https://www.findthebestcarprice.com)).
- The average time spent researching and shopping for cars online in the U.S. in 2021 was 5 hours (source: statista.com (https://www.statista.com)).
- In 2021, 18% of used car sales in the U.S. were expected to be conducted online by 2025 (source: findthebestcarprice.com (https://www.findthebestcarprice.com)).
- The market size of the Online Car Dealers industry in the US was $43 billion in 2023 (source: findthebestcarprice.com (https://www.findthebestcarprice.com).
Here are some key stats and figures related to the online car buying market in Europe and the UK:
- In the UK, the online car buying market is expected to account for nearly 10 percent of used-car retail sales by 2025 (source: statista.com (https://www.statista.com)).
- The online car buying market in Europe is expected to experience significant growth, with projections indicating that the share of new car sales purchased online could grow by at least six percent in the UK, Europe and China by 2025 (source: statista.com (https://www.statista.com).
- In September 2023, new car sales in Europe increased by 11.1% year-on-year to 117 thousand. The UK sold the most cars in Europe in September 2023, indicating strong market performance (source: twitter.com (https://twitter.com)).
- In the first nine months of 2023, sales of new cars in Europe increased by 17% year-on-year, with Bulgaria and Norway showing significant growth.
- The UK led in Battery Electric Vehicle (BEV) registrations in Europe in September 2023, with a BEV registration rate of 15.1% in the EU + EFTA + UK.
- The market size of the Online Car Dealers industry in the UK in 2023 was £43 billion.
Contents
Avoid Sales Pressure (One of the best benefits ever)
Buying a car online is a liberating experience, especially when it comes to avoiding sales pressure. Gone are the days of dealing with pushy salespeople who try to convince you to make a purchase on the spot. With online car buying, you can take your time, research and make a decision at your own pace, without feeling rushed or forced into a decision.
We’ve all been there – visiting a dealership, browsing through cars and suddenly being pounced upon by a salesperson who won’t take no for an answer. They’ll show you features you don’t need, highlight benefits you’re not interested in and try to convince you to make a purchase on the spot. It’s a stressful and overwhelming experience, to say the least.
In contrast, buying a car online is a stress-free experience. You can browse through cars, compare prices and research features without anyone breathing down your neck. You can take as much time as you need to make a decision and even sleep on it if you want to. No one will call you, email you or try to convince you to make a purchase.
Let’s understand it by an example of Sarah. she was in the market for a new car. She had done her research, knew what she wanted and was ready to make a purchase. But she dreaded visiting dealerships, dealing with salespeople and feeling pressured into a decision. So, she decided to buy a car online. She browsed through cars, compared prices and even took a virtual test drive. She made a purchase at her own pace, without feeling rushed or forced into a decision. And the best part? She saved thousands of dollars by avoiding dealer markups and negotiating a better price online.
No Negotiations (This is the benfit for those who avoid negotiations)
When you buy a car online, you don’t have to negotiate the price. The price you see is the price you pay. It’s simple and easy! No More Haggling You don’t have to worry about negotiating the price of the car. The price is fixed and you can buy the car with confidence.
Fixed Prices, No Surprises; When you buy a car online, you know exactly what you’re getting. The price is fixed and there are no hidden fees or extra charges. Buying a car online is easy and stress-free. You can browse, compare and buy a car at your own pace, without any pressure or hassle.
Save Time
Buying a car online is a time-saving game-changer. Gone are the days of spending hours visiting multiple dealerships, browsing through cars and negotiating prices. With online car buying, you can do everything from the comfort of your own home, at your own pace. Also online car buying platforms allow you to browse through cars at your own pace. You can take as much time as you need to research, compare and shortlist cars. You can even bookmark cars you like and come back to them later. No more feeling rushed or pressured by salespeople to make a decision on the spot.
Visiting multiple dealerships can be a time-consuming and exhausting process. You have to drive from one dealership to another, wait in line and deal with salespeople who may not always have your best interests at heart. Online car buying eliminates the need to visit multiple dealerships. You can browse through various models, compare prices and even take a virtual test drive – all from your laptop or mobile device.
Let’s say you’re looking for a Honda Civic. You can visit the Honda website, browse through the different models and compare prices. You can even filter your search by location, price and features. Once you’ve found the car you want, you can even get a quote and apply for financing online.
Time-Saving Benefits
- Save time: Browse through cars, compare prices and take virtual test drives – all from the comfort of your own home.
- Avoid dealership hopping: No more visiting multiple dealerships, waiting in line and dealing with salespeople.
- Browse at your own pace: Take as much time as you need to research, compare and shortlist cars.
- Virtual test drives: Get a feel for a car without having to physically visit a dealership.
Accessibility
Accessibility in online car shopping goes beyond just the convenience of browsing through a wide selection of vehicles at any time of the day or night. It also encompasses the ability for consumers to shop from virtually anywhere with an internet connection. Whether you’re at home, at work or even on the go, as long as you have access to the internet, you can explore different makes, models and dealerships without being limited by geographical constraints.
Moreover, online car shopping platforms like rollsauto.com often feature user-friendly interfaces that make it easy for consumers to do the following:
- navigate through the inventory;
- filter their search based on specific criteria such as price range, mileage or features;
- quickly find the vehicles that match their preferences.
This intuitive design ensures that even those who may not be tech-savvy can easily engage with the platform and find the car they’re looking for.
Accessibility in online car shopping also extends to the availability of comprehensive information about each vehicle listed on the platform. From detailed specifications and photos to vehicle history reports and seller reviews, consumers have access to all the information they need to make an informed decision about their purchase. This transparency eliminates the need for multiple dealership visits and reduces the uncertainty often associated with buying a car.
Furthermore, online car shopping platforms typically offer various tools and resources to assist buyers throughout the purchasing process. Virtual tours, 360-degree images or live chat support features enhance the platform’s accessibility by providing additional insights and assistance to consumers as they explore their options and make decisions.
Convenience
Expanding on the convenience of online car shopping reveals the multitude of ways this method streamlines the entire purchasing process for consumers.
- Shop from home
One of the most notable conveniences is the ability to shop for a car from the comfort of one’s home. Instead of spending hours driving from dealership to dealership, enduring traffic and navigating crowded parking lots, consumers can simply grab their laptop, tablet or smartphone and browse through thousands of vehicles with just a few clicks.
- Time flexibility
Moreover, online car shopping platforms provide unparalleled flexibility, allowing consumers to explore their options at any time that suits them best. Whether during a lunch break, late at night after the kids have gone to bed or on a lazy Sunday morning, the convenience of shopping for a car on your schedule is invaluable.
- Platform additional features
The convenience of online car shopping extends beyond just browsing and comparing vehicles. Many platforms offer a range of tools and resources to simplify every step of the purchasing process. From calculating loan payments and obtaining financing to scheduling test drives and arranging for delivery, consumers can complete the entire transaction from start to finish without ever leaving home.
Transparency
Transparency is a cornerstone of online car shopping, empowering consumers with the knowledge and information they need to make informed decisions. Unlike traditional dealerships’ often opaque and high-pressure environment, online platforms prioritize openness and honesty, ensuring that buyers have access to all relevant information about each vehicle listed for sale.
One of the key ways in which online car shopping platforms promote transparency is by providing detailed listings for each vehicle, including comprehensive specifications, photos and vehicle history reports. From mileage and service records to accident history and previous ownership details, consumers can review all relevant information about a car’s history and condition before making a purchase decision. This transparency helps build trust between buyers and sellers and reduces the risk of unpleasant surprises.
Competitive Pricing
One of the most significant advantages of online car shopping is the competitive pricing it offers to consumers. Compared to traditional brick-and-mortar dealerships, online platforms typically operate with lower overhead costs. Online car dealers can significantly reduce operational expenses without the need for expansive physical showrooms, large sales teams and costly maintenance of dealership lots. This cost-saving advantage allows online dealerships to pass on the savings to consumers through more competitive vehicle prices.
Moreover, online car shopping platforms can reach a broader audience of potential buyers beyond their local market. By leveraging the power of the internet and digital marketing, online dealerships can attract customers from across the country or even internationally. This expanded market reach creates more opportunities for sales, allowing dealers to achieve economies of scale and further reduce costs, which can translate into lower prices for consumers.
Do you know: BEV demand in the US has collapsed in 2024. Even after desperate price cuts, they have to offer low financing just to move inventory. 11/20 or 55% of the lowest APR models are BEVs. The 3 under 40K were ICE while the 3 over 60K are electric. Price parity is not even close.
The Bottom Line
The benefits of online car shopping are undeniable, offering consumers accessibility, convenience, transparency, extensive options and competitive pricing. As technology evolves, the automotive retail landscape will likely see further innovations in online car shopping platforms, providing buyers with even greater convenience and value. Whether you’re in the market for a brand-new vehicle or a pre-owned car, exploring the world of online car shopping can revolutionize your car-buying experience, making it more efficient, transparent and enjoyable.
