FI showroom red and grey logo
MenuMENU
SearchSEARCH

Internet Used-Vehicle Shopping Increases: Power Study

by Staff
October 23, 2000
3 min to read


More than one third -- 34 percent -- of used-vehicle buyers log on to the Internet to help them during the shopping process, according to the J.D. Power and Associates 2000 Used Autoshopper.com(SM) study just released.


This represents an 8 percentage point increase over 1999 study results when only 26 percent of used-vehicle buyers turned to the Web. New-vehicle shoppers continue to lead used-vehicle shoppers in Internet usage, 54 percent versus 34 percent.

Ad Loading...


"Although new-vehicle buyers are still more likely to use the Internet to shop, the Internet may ultimately have a greater impact on the used-vehicle market," said Chris Denove, partner at J.D. Power and Associates and director of the study. "This is because most used-vehicle buyers who go online are looking for specific vehicles for sale, and new-vehicle buyers who go online research facts and figures such as vehicle pricing or vehicle specifications. As a result, used-vehicle Internet shoppers are more likely to use online services to facilitate the actual sales process."


The study finds traditional newspapers already feeling the pinch of the Web. During the past year, the number of people finding their used vehicle through classified ads decreased, while the number of people finding their vehicle online nearly doubled.


"Currently, 4 percent of all late-model used-vehicle buyers find their vehicle through the Internet," Denove said. "While this number may seem small, the percentage is growing fast and is likely to surpass newspaper classifieds within four years."


AutoTrader.com is the leading Website for shoppers seeking a used vehicle online, with 21 percent of used-vehicle buyers who located their vehicle online using this site. For used-vehicle pricing and specifications, Kelley Blue Book (kbb.com) is the most frequently visited site, with more than one-half of all online used-vehicle shoppers having visited.


The study finds that used-vehicle buyers who used the Internet to help them shop are more likely to arrange their own financing independent of a dealer. They are independent in others ways, also, being more likely to purchase through private parties and to already have an exact vehicle or narrow set of vehicles in mind at the beginning of the shopping process.

Ad Loading...


Internet buyers are less likely to rely on the advice of friends and family to help them decide what make and model to purchase. The study also identifies a small but distinct segment of the population that is open to purchasing their vehicle direct from an Internet seller such as iMotors.com, or even from an online auction such as those offered through eBay.com.


"The survey results show that the Internet will never become the dominant source of used-vehicle sales," Denove said. "Instead, the Internet's primary role will be to serve as a matchmaker to put buyers together with sellers who otherwise may never find each other. However, there may still be a place for direct Internet used-vehicle sellers, as long as the company is geared toward being a niche player. The probable emergence of companies providing third-party vehicle certification and inspection should serve to make more consumers comfortable with online buying in the future."


The study is based on responses from more than 6,000 consumers who recently purchased a 1995 to 2000 model-year vehicle. J.D. Power and Associates can be accessed through the Internet at www.jdpa.com.

Topics:F&I

More F&I

Laptop computer on a desk with a notepad and pen next to it and a whiteboard in the background
Digital•by Rick McCormick•October 15, 2026

AI: Facilitator, Not Fixer, in F&I

The dealerships that thrive in the years ahead will be those that embrace technology while continuing to invest in the people who make customer interactions count.

Read More →
Headshot mockup thumbnail.
F&I•October 1, 2026

Modern Technology Objection Handling

In this video, Trent White shares how to confidently handle technology-based objections by helping customers understand the value of protection, even with modern vehicle technology.

Read More →
man standing in front of podium
F&I•by Lauren Lawrence•October 1, 2026

Consistency at Scale: Driving F&I Performance

With 75 rooftops across the Sunshine State, Morgan Auto Group has proven to Floridians that it knows a thing or two about driving performance in a competitive market. But it didn’t start at the top.

Read More →
Ad Loading...
Insurance contract signature page with black inkpen on top
F&I•by Hannah Mitchell•September 22, 2026

Gitty Up on GAP

The foundational finance-and-insurance product hasn’t kept up with the latest conditions for auto dealers. Is the time ripe?

Read More →
Easycare White paper cover See how AI-powered coaching can turn F&I customer conversations into actionable insights that support compliance, performance and profitability
Sponsored•September 8, 2026

How AI-Powered Coaching Is Transforming F&I Performance

See how AI-powered coaching can turn F&I customer conversations into actionable insights that support compliance, performance and profitability

Read More →
Assurant, Sell Value Build Trust, F&I Series, Expert Trainer Trent White
F&I•September 2, 2026

Sell Value, Build Trust

In this video, Trent White explains why selling on value, not fear, builds lasting customer trust, reduces cancellations, and drives long-term success.

Read More →
Ad Loading...
2026 StoneEagle summary
F&I•by Hannah Mitchell•August 31, 2026

F&I Sales Give Dealers First-Half Lift

Product business shored up total profits to avoid an overall revenue tanking as product penetrations held steady, StoneEagle reported.

Read More →
man with white hair and glasses delivering a speech standing next to a podium
F&I•by Lauren Lawrence•August 31, 2026

Targeted Training Drives Results

Today’s technology, instead of threatening F&I managers, can actually make them better, according to an industry veteran who’s watched market setbacks roil the unprepared.

Read More →
Man's hand holding pen over a paper document
F&I•by Justin B. Gasman•August 20, 2026

Double the Change, Double the Chance

When an F&I manager gets a customer refusal, it’s a wise move to tweak more than one thing in the product offering.

Read More →
Ad Loading...
Laptop computer, tablet, calculator and notebook on a desk
F&I•by John Tabar•August 20, 2026

Just Do It

F&I managers need training, but instead of resisting application or expecting perfection, they should improve by simply acting on what they learn.

Read More →