From bringing the car-buying experience online to providing subscription-based ownership, startups in the auto commerce space are changing the way cars are sold, leased, and financed.
Automotive retail is undergoing a number of transformational shifts in the wake of the Covid-19 pandemic.
Lockdowns and social distancing policies are accelerating digitalization in the space, as auto retailers look to adopt new tools to create digital experiences and enable online car-buying.
Further, changes in consumer travel preferences, such as opting for road trips instead of air travel and long-term rentals instead of shared rides, are creating an opportunity for new business models in the mobility space, such as subscriptions and peer-to-peer car sharing.
Using CB Insights data and the Auto Commerce Collection, we surfaced over 50 startups working to simplify the processes around buying, selling, and trading cars and fleets.
In addition to the purchase and financing of cars and fleets online, we include vehicle-sharing platforms that provide an alternative to one-off ride-hailing trips. We exclude ride-hailing startups, transportation network companies, and auto insurance companies.
This market map includes private, active companies only and is not meant to be exhaustive of companies in the space. Categories are not mutually exclusive.
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