South America Automotive Dealer Management System Market Segmented By Service Type (Cloud Based, On Site), By End Use (Public, Private), By Application (Inventory Management, Dealer Tracking, Customer Relationship Management, Others), By Country, Competition, Opportunity, and Forecast, 2018-2028F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSouth America Automotive Dealer Management System Market Segmented By Service Type (Cloud Based, On Site), By End Use (Public, Private), By Application (Inventory Management, Dealer Tracking, Customer Relationship Management, Others), By Country, Competition, Opportunity, and Forecast, 2018-2028F
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 1.28 Billion |
| Market Size (2028) | USD 3.63 Billion |
| CAGR (2023-2028) | 18.97% |
| Fastest Growing Segment | Cloud Based |
| Largest Market | Brazil |
South America Automotive Dealer Management System market is predicted to proliferate during the upcoming period, owing to the increased demand for software and services for the same by automotive dealers. For the upcoming years, the growing number of dealerships, franchises, and automotive retailers is projected to drive the demand for the automotive dealer management system market. Automobile demand has increased as a result of growing urbanisation and a rapidly growing population. Rising disposable income among the population ensures an increase in automotive sales, which is expected to support the demand of the automotive dealer management system across the South America region for the upcoming period.
Automotive Dealer management systems (DMS) allow a dealership to perform all day-to-day functions such as sales operations, financing operations, service operations, among others, for proper operation of the dealership's functions. Automotive DMS allows dealers to improve every aspect of their business by combining all the tools they require on a single platform. With all of dealership's daily transactions in one place, the user can run the business more efficiently. The system can be used for managing respective inventories, creating point-of-sale invoices, monitoring service history, or follow-up on leads, in a single solution.
Dealers can manage their entire business in one cloud-based dealership software application using software integrations found at with automotive DMS, allowing business owners to monitor all dealership operations more easily. The software integrations allow streamlined and user-friendly exchange of information between all operational areas of the automotive dealerships that are powered by the software.
Growing Vehicle Sales is Fueling the Market Growth
The number of new vehicles registered or sold across South America in 2021 was more than 3.5 million units.
Investments & Technological Advancements Accelerate the Market Growth
Expanding Artificial Intelligence (AI) Technology is Stimulating the Market Growth
Market Segmentation
Recent Developments
- In 2021, CDK Global, Inc. launched the software Neuron which can be used for a Big Data platform that is linked to the Fortellis automobile commerce exchange. The software Neuron is designed to turn massive amounts of industry data into actionable insights for dealers, OEMs, and third-party software developers.
- In February 2020, Tekion Corp. launched the Automotive Retail Cloud software, a cloud-based platform that includes all of the features of a dealer management system. It connects key industrial players, allowing them to improve operational efficiencies.
Company Profiles
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | By Service Type By End Use By Application By Country |
| Regional Scope | South America |
| Country Scope | Brazil, Argentina, Colombia, Chile, Peru, Ecuador, Venezuela, Bolivia |
| Key Companies Profiled | Keyloop Holdings (UK) Limited, The Reynolds and Reynolds Company, Dominion Enterprises, incadea GmbH, International Business Machines Corporation, Autofusion Inc., BiT Dealership Software, Inc., Blue Skies Business Solutions Inc., Dealer Track Holdings Inc., VinSolutions, Inc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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