North America & Latin America Auto Dealer Software Market Size By Type(dealership management system, CRM, ERP, e-commerce, call center, HRMS), By Application(web-based software and cloud), By Geographic Scope And Forecast
North America and Latin America Auto Dealer Software Market
North America & Latin America Auto Dealer Software Market Size By Type(dealership management system, CRM, ERP, e-commerce, call center, HRMS), By Application(web-based software and cloud), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
North America & Latin America Auto Dealer Software Market Size By Type(dealership management system, CRM, ERP, e-commerce, call center, HRMS), By Application(web-based software and cloud), By Geographic Scope And Forecast
North America & Latin America Auto Dealer Software Market Size And Forecast
North America & Latin America Auto Dealer Software Market size was valued at USD 5,439.51 Million in 2021 and is projected to reach USD 9,467.15 Million by 2030, growing at a CAGR of 9.59% from 2023 to 2030.
Automotive dealer software is used mostly in the automotive aftermarket. This software can assist dealers or distributors in several ways, including boosting sales and profit margins, reducing returns, and making wiser and quicker inventory decisions. These features driving the growth of the market. The North America & Latin America Auto Dealer Software Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
North America & Latin America Auto Dealer Software Market Definition
Auto dealership software is the engine that keeps dealerships running smoothly. It handles everything from sales operations to service appointments and even finance. Since all these areas are interconnected, the software needs to be accurate and organized. Think of it as the brain behind managing agreements and contracts between the dealership and, say, a sales subsidiary or even the automaker directly—all on one convenient online platform. The auto dealership management system not only deals with brand new vehicles, but also maintains a stock of certified pre-owned cars. The team is made up of salespeople, eager to help you find your dream ride, and skilled automotive mechanics. The mechanics often offer spare vehicles or parts, along with warranties and claims, plus they keep your car running its best with top-notch maintenance and service.
North America & Latin America Auto Dealer Software Market Overview
Automotive dealer software? Think of it as a super-powered assistant for car dealerships, mostly used after you've already bought the car. It's designed to help dealers and distributors in all sorts of waysboosting sales and profits, cutting down on returns, and helping them make smarter, faster inventory choices. This software automates and streamlines those repetitive tasks car dealers face every day, from the back office grind to the front-end customer interaction. We're talking about keeping a close eye on financial accounts, managing both new and used car inventory, creating custom reports (like accident histories and credit scores), and even lowering auto repair costs. Plus, it's a one-stop shop for collecting all that important customer, vehicle, and inventory data. The software covers everything from pre-sales to vehicle sales, parts and service, CRM, basic accounting, and even automates workflows with handy alerts. And for manufacturers using the system, it means a smoother process for bringing dealerships onboard, better insight into how dealers are operating, and improved inventory management, leading to more customer conversions and happier, returning customers. It even includes a virtual help desk!
North America & Latin America Auto Dealer Software MarketSegmentation Analysis
The North America & Latin America Auto Dealer Software Market is segmented on the basis of type, application, and geography.
North America & Latin America Auto Dealer Software Market by Type
Dealership Management System
CRM
ERP
e-commerce
call center
HRMS
business intelligence and reporting
electronic signature
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To Get Summarized Market Report By Type-
Based on the type, the auto dealer software market is split into the Dealership Management System, CRM, ERP, e-commerce, call center, HRMS, business intelligence and reporting, and electronic signature. Dealership management system (DMS) is projected to grow at the highest CAGR during the forecast period. Due to its user-friendly operations and a cutting-edge, standard screen interface. Moreover, it is simpler to use and learn because of this functionality. It enables workers to become more productive and get up to speed more quickly.
North America & Latin America Auto Dealer Software Market by Application
web-based software
cloud
Based on the application, the auto dealer software is segmented into web-based software and cloud. Cloud accounted for the largest market share in 2021, because cloud-based applications are essential since it saves IT expenditures, especially when migrating and managing cloud systems and enhancing customer and company collaborations.
North America & Latin America Auto Dealer Software Market by Geography Analysis
• U.S.• Canada• Puerto Rico• America (including Caribbean, Central America, and Latin America)
To Get Summarized Market Report By Geography-
Based on regional analysis, the North America & Latin America Auto Dealer Software Market is bifurcated into U.S., Canada, Puerto Rico, and America (including Caribbean, Central America, and Latin America). U.S. is expected to grow with the auto dealer software market with the highest CAGR owing to the continuous advancements in cloud-based solutions and emphasis on auto dealer sotware development. The growth of small firms, the expanding acceptance of the SaaS sector, and strong technological skills all contribute to the size of the auto dealer software industry.
Key Players
The major players in the market are Cox Automotive, CDK US, Reynolds and Reynolds, Wipro, RouteOne, Internet Brands, WHI Solutions, Infomedia, Epicor, and Autologica S.A. are few major companies operating in the Auto Dealer Software Market.
The competitive landscape section also includes a North America & Latin America study of the above-mentioned competitors’ primary development strategies, market share, and market ranking.
Key Developments
• In October 2022, CDK, a leading automotive retail software provider, acquired Scorecard, a monthly snapshot of the consumer vehicle purchase process at dealerships.
• In July 2022, Cox Automotive acquired Trudell, broadening its offering in medium and heavy-duty fleet parts and repair, as well as adding direct parts and semi-trailer sales to its portfolio of Cox Automotive Mobility Fleet Services.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Cox Automotive, CDK US, Reynolds and Reynolds, Wipro, RouteOne, Internet Brands, WHI Solutions, Infomedia, Epicor, and Autologica S.A.
KEY COMPANIES PROFILED
Cox Automotive, CDK US, Reynolds and Reynolds, Wipro, RouteOne, Internet Brands, WHI Solutions, Infomedia, Epicor, and Autologica S.A.
SEGMENTS COVERED
By Type, By Application, and By Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
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Reasons to Purchase this Report
We dive deep into the market, looking at both the numbers (quantitative) and the intangibles (qualitative), breaking it down by different groups based on financial and other elements. You'll get the market value in USD Billion for every little piece of the market. We'll point out which area and group is expected to grow the quickest and be the biggest. Our report analyzes each region, showing how much of the product/service is used and what's influencing the market there. We also map out the competitive landscape, ranking the major players and highlighting their new launches, partnerships, expansions, and acquisitions from the last five years. Plus, you'll get detailed company profiles with overviews, insights, product comparisons, and SWOT analyses. We cover the current and future outlook of the industry, including growth opportunities, drivers, challenges, and restraints in both new and established regions. Expect a thorough analysis from all angles, using Porter's five forces. We provide a clear understanding through the Value Chain, showing the market's dynamics and future growth opportunities. And to top it off, you'll receive 6 months of analyst support after your purchase.
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