The Online Car Classifieds industry has flourished over the past five years, fuelled by the boom in online services. Internet use has become ubiquitous, and consumers are increasingly at ease with using internet services for large-scale transactions. This has led to the Online Car Classifieds industry usurping newspapers as the main resource for private car listings. Growth in the number of motor vehicles is also being led by the declining costs of motor vehicles, and trends in the increasing turnover in car ownership. This is fuelling greater use of online car classified services. Over the five years through 2014-15, industry revenue is expected to rise by an annualised 11.3%.
This industry retails automobiles online to consumers and businesses. It also provides services to aid in the purchase of automobiles. Automobiles sold include passenger cars, trucks and sports utility vehicles. Some players offer their customers trade-in, car financing and car selling services.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.