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
Ever wonder how dealerships juggle so much? It's all thanks to their software – the real workhorse! It manages everything from sales operations to booking those service appointments, and even the nitty-gritty of finance. Because all these parts are connected, the software has to be spot-on. It’s like the central brain managing all those agreements and contracts between the dealership and, maybe, a sales subsidiary or even the manufacturer themselves—all online! And this system doesn't just handle shiny new cars; it also keeps track of the certified pre-owned cars on the lot. You've got salespeople ready to find you the perfect car and skilled mechanics who can even offer spare vehicles or parts, along with warranties and claims. They're the ones who keep your car running smoothly with expert 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 working its magic after you've driven your new car off the lot. It's there to help dealers and distributors in just about every way you can imagineboosting sales and making more money, shrinking the number of returns, and helping them make smarter calls about what cars to keep in stock. This software takes over all those boring, repetitive tasks car dealers deal with every day, from the paperwork in the back to chatting with you up front. We're talking about keeping a really close eye on financial accounts, handling all the new and used cars on the lot, making reports tailored to specific needs (like accident histories and credit scores), and even finding ways to bring down those dreaded auto repair bills. It’s basically a central hub for all that crucial data about customers, vehicles, and inventory. The software has you covered from the moment you start looking at a car all the way through sales, parts and service, customer relationship management, basic accounting, and even automates things with helpful alerts. And if you're a manufacturer using the system, it means a much easier time getting dealerships set up, a clearer picture of what's happening at each dealership, and better inventory management, which all adds up to more sales and happier, returning customers. Oh, and 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 really dig into the market, looking at both the numbers (the hard facts) and the intangibles (the feelings and vibes!), breaking it down by who's buying and their financial situation. You’ll see the market value in USD Billion for every single slice of the pie! We’ll tell you which area and group we think will grow the quickest and be the biggest. Our report looks at each region, showing how much they use the product/service and what's driving their choices. We also map out the competitive landscape, ranking all the big players and calling out their latest moves – new products, partnerships, expansions, and acquisitions – from the past five years. Plus, you’ll get detailed company profiles, with the inside scoop, comparisons, and a SWOT analysis for each. We cover what’s happening now and what’s coming next, including growth opportunities, what’s driving things, and the challenges and hurdles in both new and existing markets. Expect a complete analysis from every angle, using Porter’s five forces. We give you a clear picture through the Value Chain, showing how the market works and where future growth is. And as a bonus, you get 6 months of analyst support after you buy!
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