The ease and convenience of buying cars online have made it the preferred choice for many customers. The process is straightforward, and it offers several advantages over traditional brick-and-mortar dealerships.
This article will discuss the advantages of purchasing your next car online or via a dealership, as well as what the future holds.
What are the advantages of buying your next car online?
One of the most significant advantages of buying cars online is that you can shop around and compare prices from the comfort of your own home. You can also read customer reviews and get a feel for what others think about a particular car before you decide to purchase.
Another advantage of buying cars online is that you can often find better deals than at a traditional dealership. Many online dealers offer unique financing options and incentives to help you save money on your purchase.
Now let’s see why it is better to visit a dealership in person.
Why is it better to visit a dealer?
The traditional dealership experience is not for everyone, but it does have its advantages. For one, you can test drive the car before you buy it to make sure it’s the right fit for you. You also can haggle with the salesperson to get a better price.
If you’re not comfortable with buying a car online, or if you’d prefer to see the vehicle in person before making a purchase, buying from a dealership is still an option. Just be aware that you may not get as good a deal as you would by shopping around online.
What does the future of online sales hold?
As we all know, buying a car is one of the most significant purchases that most people will make.
According to a report by Allied Market Research, the global online car sales totaled $237.93 billion in 2020 and are expected to reach $722.79 billion by 2030. This represents a CAGR of 12.2%.
In the US, online car sales accelerated at a faster pace compared to some other parts of the world.
However, it is worth noting that while there has been an increase over recent years, with online sales increasing from 2% before the pandemic started to 30% in 2021, experts say this may not become the first choice for many shoppers.
The advent of new and innovative companies such as Carvana definitely accelerated this transition; however, what really pushed the people towards online purchasing was the Covid 19.
The main reason for this is the ability to test the car before making the final decision. And with an average purchase price of about $35,000 for a new car and $21,000 for a used car, the ability to test and see the product beforehand is crucial.
The search starts online
Although the majority of people would instead visit their local dealer when shopping for a new car, the search starts online.
According to Google, 95% of car buyers start the process by using a digital source.
What are the leading online car dealers?
Carvana, Autonation, Vroom, and Carmax are just a few online-only dealers that have cropped up in recent years to take advantage of the growing trend of buying cars online.
These companies offer customers a unique experience of shopping for and purchasing cars entirely online.
What is my personal view on the future of online car sales?
The future of online car sales is looking bright. With the convenience and savings that come with buying cars online, more and more customers are likely to make their next purchase without ever stepping foot inside a dealership.
As traditional brick-and-mortar dealerships continue to close their doors, online car sales are expected to grow. If you’re in the market for a new car, it’s worth considering buying online. You may find your perfect match – and save yourself a few dollars in the process.