Oct 18, 2000

Huge Growth Predicted for Online Used Car Sales

According to a top market intelligence and research firm, car dealers are in for a shock. IDC, a Framingham, Massachusetts-based information technology source, says the online used car market in the United States is on the brink of explosive growth, and the big losers in this shift are likely to be car dealers. IDC estimates the online share of all used car sales will jump from under three percent last year to almost 40 percent in 2004. However, the firm warns brick-and-mortar car dealers could put up a roadblock in the market