Why are people still afraid of buying cars online?

Many people are afraid of shopping online. Even internet savvy millennials. Especially when we are talking about buying cars online. Buyers need a tangible experience with the car and have concerns about sharing personal information. However, the internet has become a major player in auto sales. According to a McKinsey report, ten years ago an average buyer visited 5 dealerships before making a decision. Now they visit 1.8. People are spending more time researching online in advance and less time at dealerships.

The history of car sales

The history of the automobile began in the 1880s when in 1886 in Germany Karl Benz registered the first patent in the industry for the first gas powered vehicle. This “horseless carriage” was called The Motorwagen and from 1888 to 1893 around 25 Benz vehicles were sold. Meanwhile, the first commercial car sales was made by Charl and Frank Duryea in 1893. It was more a gas powered carriage than an automobile as we would understand.Due to expansion into other countries in Europe (France) by the end of the 19th century Benz was the largest car company in the world manufacturing 572 vehicles in 1899. In 1903 France became ...

Luxury and spectacular car launches. The more expensive the better?

Every year, almost all major car manufacturers try to impress customers by launching new and enhanced models. In 2015, the number of car models sold in the US totals 265, where 43 are new.Globally the best-selling car in the world is the Toyota Corolla (selling 122,325 in 2014) followed by the Ford Focus (102,508) and the VW Golf/Rabbit (95,214).The Frankfurt Motor Show every year defines current global automotive trends. This year the most prominent concepts presented by ...

Car sales: Yesterday, Today and Tomorrow

Where are the biggest automotive markets?The largest automobile market worldwide is China (28% market share) and then the US (22.4%). During Q3 both of these markets have shown steady growth in car sales.Car sales in the whole of the EU increased by 14.6% compared with the same period in 2014. The manufacturer that is leading the way in Europe is the VW Group with a market share of 25.3%, then the PSA Group  - 10.5% followed by the Renault Group - 9.6%.The five biggest car sales markets in Europe are...