E Commerce Automotive Industry

Over the past decade or so, the automotive industry has been through some major changes. A large part of this change stems from the rise of the Internet and social media. In this Amazon Prime era, as an automotive dealership, you need to be leveraging everything that e-commerce can offer.

E commerce automotive industry. E-commerce automotive aftermarket refers to an e-tailing platform where auto parts are sold to do-it-yourself customers and service professionals through the internet. The aftermarket covers all automotive spare parts, equipment, accessories and services related to automobiles that are procured after periodic vehicle use through E-commerce portals. Automotive ecommerce sales and revenue are growing fast in the U.S., with 2018 revenue expected to top $51 billion and 2019’s haul projected to surpass $57 billion. Revenue has risen steadily every year, averaging a $4.5 billion increase every year between 2012 and 2017. The penetration of e-commerce into automobile industry is indispensable and it is expected that the online buyers will rise enormously in coming years. In 2018, where the online orders were restricted to just 14% , it is expected that the spare parts online store demand will surge to 25% in next three to five years . Automotive ecommerce is already a sizable market that will generate estimated online sales of $14.6 billion in 2018, according to the report. But that still represents only about 1% of U.S. vehicle sales, which totaled about $1.1 trillion last year, according to the U.S. Department of Commerce.

Today, e-commerce is known to be one of the leading growth facilitators for the automotive aftermarket. In addition, the development of several e-commerce automotive aftermarket entities like Amazon, eBay Motors have reformulated the automotive sale experience for customers across the world. The E-commerce Automotive Market report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts, key vendors, business news, row material. The Latin America e-commerce automotive aftermarket industry will witness lucrative opportunities with the adoption of the specialized production process, value-added designs, and extensive R&D. GlobalAutoIndustry.com’s latest Audio Interview, “The Impact of eCommerce on the Global Automotive Industry” features Fathi Tlatli, President Global Sector Automotive at DHL. Audio Interview Guest: Fathi Tlatili President, Global Sector Automotive DHL Auto-Mobility. In the 11-minute Audio Interview, Mr. Tlatli discusses and answers these.

E-commerce solution for automotive and auto parts manufacturers, distributors and wholesalers. Learn more about Sana Commerce’s e-commerce software and how we can help you outdo the competition by delivering an optimal customer experience, based on reliability, convenience and constant evolution, and designed for your industry. Furthermore, the Global E-commerce Automotive After Market research report contains an extensive study of the market challenges, major driving factors, and the complete industry structure. Moreover, the Global E-commerce Automotive After Market report is designed on the basis of modern research study. The Global E-commerce Automotive Aftermarket Market report is a compilation of first-hand information from which industry analysts conduct qualitative and quantitative evaluation according to the. E-Commerce Tips for the Automotive Industry. Dec 18, 2019 Tweet; Let’s face it, the auto industry has experienced a major shake up over the past few decades. The rise of the internet and social media have provided car buyers with a surplus of information on vehicle makes and models, add-on features, pricing options and more. To truly.

E-Commerce Spending On Automotive Is Rising. An eMarketer forecast predicts e-commerce spending on automotive (including parts) to reach $81.64 billion by 2022. That’s still less than half of. E-commerce Automotive Aftermarket Market report includes a survey, which explains value chain structure, industrial outlook, regional analysis, applications, market size, share, and forecast.The Coronavirus (COVID-19) outbreak influencing the growth of the market globally. The rapidly changing market scenario and initial and future assessment of the impact is covered in the research report. E-commerce will bring important cost benefits to the auto industry over the next 5 years, which will come not only from purchasing, but also many other functions such as product development. The industry beat its forecast of $7.4 billion in 2016, and is expected to reach over $10 billion by 2018, proving that now is the time to act. If you’d like to learn more about e-commerce developments in the automotive industry and how you can prepare for the future, access your free copy of our 2017 Automotive Industry Trend Report.

The global e-commerce in automotive aftermarket is expected to advance with a CAGR of 23.3% during the forecast period (2020–2030). The engine parts category accounted for the largest share in the e-commerce in automotive aftermarket. Still, the automotive e-Commerce industry is expected to cross $12 billion in 2019 and can cross $19 billion by 2022. However, multiple challenges must be addressed for the automotive industry to flourish: Smooth Information Exchange. There are numerous automotive variants and their parts. E-commerce Automotive Aftermarket size exceeded USD 42 billion in 2019 and the industry is projected to grow at 14.2% CAGR from 2020 to 2026 driven by increasing presence of small-scale aftermarket product manufacturers on e-commerce platforms. Recent Development in Global E-commerce Automotive Market: In Oct 2018, AutoNation announced a strategic investment in Vroom Inc., an online car retailer. This investment provides a good market share in the automotive e-commerce space and this will continue its leadership in the automotive retail industry.

The e-commerce automotive aftermarket industry is highly competitive with presence of multiple small and large players across the globe. Industry players are engaged in acquisitions and.