Internet
Online Retail to Become the Preferred Form of Vehicle Purchasing Among Private Buyers
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"The popularity of the model among the younger audience and the success of 's online retail strategy is likely to encourage other automakers to explore online retail beyond just pilots," said . "With the emergence of novel purchase models such as and , the dealership of the future is expected to become more experience-centric."
Frost & Sullivan's recent analysis, , highlights the performance of the online vehicle retail market and future trends in the space. It also benchmarks various OEM initiatives in the segments of and . It studies the different types of methods employed to sell vehicles online as well as the evolution of the online vehicle sales market by 2025.
" is expected to be the frontrunner in providing eCommerce solutions in and is partnering with entrants to maximize its reach in the region," noted Abraham. " is likely to introduce its in-house online vehicle sales platform in , , and , while, Polestar will enter the market with online stores leveraging its current dealership network. Following the digitization of its retail platform, could become one of the best-selling online automotive brands in ."
To stay relevant in a rapidly changing market, OEMs need to explore the growth opportunities presented by:
is part of Frost & Sullivan's global Automotive & Transportation Growth Partnership Service program.
For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
MEB1-18
Francesca Valente
P: +1 (210) 348 1012
E: Francesca.Valente@frost.com
http://ww2.frost.com
"The popularity of the model among the younger audience and the success of 's online retail strategy is likely to encourage other automakers to explore online retail beyond just pilots," said . "With the emergence of novel purchase models such as and , the dealership of the future is expected to become more experience-centric."
Frost & Sullivan's recent analysis, , highlights the performance of the online vehicle retail market and future trends in the space. It also benchmarks various OEM initiatives in the segments of and . It studies the different types of methods employed to sell vehicles online as well as the evolution of the online vehicle sales market by 2025.
" is expected to be the frontrunner in providing eCommerce solutions in and is partnering with entrants to maximize its reach in the region," noted Abraham. " is likely to introduce its in-house online vehicle sales platform in , , and , while, Polestar will enter the market with online stores leveraging its current dealership network. Following the digitization of its retail platform, could become one of the best-selling online automotive brands in ."
To stay relevant in a rapidly changing market, OEMs need to explore the growth opportunities presented by:
is part of Frost & Sullivan's global Automotive & Transportation Growth Partnership Service program.
For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
MEB1-18
Francesca Valente
P: +1 (210) 348 1012
E: Francesca.Valente@frost.com
http://ww2.frost.com