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
The software that helps in enabling numerous dealerships to carry out their regular duties in relation to sales operations, activities relating to service, as well as finance, and many more, is known as auto dealership software. The software must be correct and systematic in how it operates because these functions depend on one another. Additionally, the process of a dealership based on agreements and contracts with a sales subsidiary or occasionally an automaker on an online platform is known as the system of auto dealership management. The system of auto dealerships deals with a range of automobiles and also stocks a range of certified pre-owned automobiles. Automotive mechanics and salespeople, who are eager to sell autos, make up the labor in this system. While auto mechanics typically stock or sell spare-type vehicles as well as their parts with warranties and claims. Additionally, it offers the ability to maintain and service automobiles.
North America & Latin America Auto Dealer Software Market Overview
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. Some of the repetitive procedures that car dealers deal with daily in their back-end office to front-end business are automated and streamlined by this software. The task involved with this software includes keeping tabs on the financial accounts connected to billing and the ledger, maintaining the inventory of used and unused cars, creating custom reports about accident history and credit scores, and reducing the cost of auto repairs. It also offers a consolidated application to collect customer, vehicle, and inventory data. Pre-sales, vehicle sales, parts and spares, service, CRM, fundamental financial accounting, and workflow automation with alerts are all covered by the software. In addition to a virtual help desk, manufacturers using the system have access to a streamlined process for onboarding and certifying dealerships, increased visibility into dealer operations, enhanced inventory management, customer conversions, and customer retention.
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
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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