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Report Description

Report Description

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 available 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

Consumers have recently expressed a strong desire for both personal and commercial vehicles. Automobile sales are increasing as the population's demand to own their own vehicles rises. To overcome the scattered data of multiple sales and similar concerns during automotive dealerships, software such as automotive dealer management system adds to the convenience of sales and the maintenance of better customer relationships. Rising demand for software to manage vehicle transactions effectively and efficiently is driving the growth of the South America automotive dealer management system market for the upcoming years. The number of new vehicles registered or sold across South America in 2021 was more than 3.5 million units. Although the automotive industry was severely harmed by the pandemic's structural regulations as a result of COVID-19 ban, the region experienced a high number of new vehicle transactions in 2021.

Investments & Technological Advancements Accelerate the Market Growth

The technological evolution of dealer management systems is driving the market for the upcoming years. Better CRM (Customer Relationship Management) and ERP (Enterprise Resource Planning) approaches enable dealers with multiple operational benefits that includes tracking of regular sales, part replacement, warranty claims, giving feedback & grievances, business intelligence services, etc. that leads to the increased sales and adding product values in the market. Furthermore, increasing investment in technological advancement, rapid adoption of cloud-based technology, and rapid transition from paperwork to cloud-based data storage contribute to the growth of the automotive dealer management system market for the forecast period.

 

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Expanding Artificial Intelligence (AI) Technology is Stimulating the Market Growth

Artificial intelligence is also important in improving the services provided by automotive dealer management systems. Due to the incorporation of artificial intelligence with dealer management systems (DMS), the improved commissions and insurance calculations, along with the campaign management-like services are substantiating the growth of the South America automotive dealer management system market for the upcoming years. The AI provides real-time visibility, simplified business operations, and engaging customer communication along with targeted sales reporting to the AI enabled dealer management systems.

Market Segmentation

Based on service type, the market is segmented into cloud based and on site. Based on end use, the market is divided into public and private. Based on application, the market is fragmented into inventory management, dealer tracking, customer relationship management and others. The market analysis also studies the country segmentation to devise country market segmentation, divided among Brazil, Argentina, Colombia, Chile, Peru, Ecuador, Venezuela and Bolivia.

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

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., are among the major market players in the South America platform that lead the market growth of the South America Automotive Dealer Management System market.

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.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, the South America Automotive Dealer Management System market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • South America Automotive Dealer Management System Market, By Service Type:
    • Cloud
    • On Site
  • South America Automotive Dealer Management System Market, By End Use:
    • Public
    • Private
  • South America Automotive Dealer Management System Market, By Application:
    • Inventory Management
    • Dealer Tracking
    • Customer Relationship Management
    • Others
  • South America Automotive Dealer Management System Market, By Country:
    • Brazil
    • Argentina
    • Colombia
    • Chile
    • Peru
    • Ecuador
    • Venezuela
    • Bolivia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the South America Automotive Dealer Management System market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    South America Automotive Dealer Management System Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Service Type (Cloud Based, On Site)

5.2.2.    By End Use (Public, Private)

5.2.3.    By Application (Inventory Management, Dealer Tracking, Customer Relationship Management, Others)

5.2.4.    By Country

5.3.  By Company (2022)

5.4.  Market Map

6.    Brazil Automotive Dealer Management System Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value 

6.2.  Market Share & Forecast

6.2.1.    By Service Type

6.2.2.    By End Use

6.2.3.    By Application

7.    Argentina Automotive Dealer Management System Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value 

7.2.  Market Share & Forecast

7.2.1.    By Service Type

7.2.2.    By End Use

7.2.3.    By Application

8.    Colombia Automotive Dealer Management System Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value 

8.2.  Market Share & Forecast

8.2.1.    By Service Type

8.2.2.    By End Use

8.2.3.    By Application

9.    Chile Automotive Dealer Management System Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value 

9.2.  Market Share & Forecast

9.2.1.    By Service Type

9.2.2.    By End Use

9.2.3.    By Application

10.  Peru Automotive Dealer Management System Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value 

10.2.             Market Share & Forecast

10.2.1. By Service Type

10.2.2. By End Use

10.2.3. By Application

11.  Ecuador Automotive Dealer Management System Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value 

11.2.             Market Share & Forecast

11.2.1. By Service Type

11.2.2. By End Use

11.2.3. By Application

12.  Venezuela Automotive Dealer Management System Market Outlook

12.1.             Market Size & Forecast

12.1.1. By Value 

12.2.             Market Share & Forecast

12.2.1. By Service Type

12.2.2. By End Use

12.2.3. By Application

13.  Bolvia Automotive Dealer Management System Market Outlook

13.1.             Market Size & Forecast

13.1.1. By Value 

13.2.             Market Share & Forecast

13.2.1. By Service Type

13.2.2. By End Use

13.2.3. By Application

14.  Market Dynamics

14.1.             Drivers

14.1.1. Growing Need for Enhanced Sales Tracking and Inventory Management

14.1.2. Increasing Focus on Improving Customer Relationships

14.1.3. Rising Need for Workflow Automation

14.2.             Challenges

14.2.1. Risks of Cyberattacks

14.2.2. Limited Awareness and Adoption in Developing Economies

15.  Market Trends & Developments

15.1.             Expanding Automotive Dealer Network

15.2.             Organization Emphasis on Cost Optimization and Profitable Growth

15.3.             Technological Advancement in the System

15.4.             Rising Trend in Motor Sports & Marine Industries

16.  Company Profiles

16.1.             Keyloop Holdings (UK) Limited

16.1.1. Business Overview

16.1.2. Key Revenue and Financials (If available)

16.1.3. Recent Developments

16.1.4. Key Personnel

16.1.5. Key Product/Services Offered

16.2.             The Reynolds and Reynolds Company

16.2.1. Business Overview

16.2.2. Key Revenue and Financials (If available)

16.2.3. Recent Developments

16.2.4. Key Personnel

16.2.5. Key Product/Services Offered

16.3.             Dominion Enterprises

16.3.1. Business Overview

16.3.2. Key Revenue and Financials (If available)

16.3.3. Recent Developments

16.3.4. Key Personnel

16.3.5. Key Product/Services Offered

16.4.             Incadea GmbH

16.4.1. Business Overview

16.4.2. Key Revenue and Financials (If available)

16.4.3. Recent Developments

16.4.4. Key Personnel

16.4.5. Key Product/Services Offered

16.5.             International Business Machines Corporation

16.5.1. Business Overview

16.5.2. Key Revenue and Financials (If available)

16.5.3. Recent Developments

16.5.4. Key Personnel

16.5.5. Key Product/Services Offered

16.6.             Autofusion Inc.

16.6.1. Business Overview

16.6.2. Key Revenue and Financials (If available)

16.6.3. Recent Developments

16.6.4. Key Personnel

16.6.5. Key Product/Services Offered

16.7.             BiT Dealership Software, Inc.

16.7.1. Business Overview

16.7.2. Key Revenue and Financials (If available)

16.7.3. Recent Developments

16.7.4. Key Personnel

16.7.5. Key Product/Services Offered

16.8.             Blue Skies Business Solutions Inc.

16.8.1. Business Overview

16.8.2. Key Revenue and Financials (If available)

16.8.3. Recent Developments

16.8.4. Key Personnel

16.8.5. Key Product/Services Offered

16.9.             Dealer Track Holdings Inc.

16.9.1. Business Overview

16.9.2. Key Revenue and Financials (If available)

16.9.3. Recent Developments

16.9.4. Key Personnel

16.9.5. Key Product/Services Offered

16.10.           VinSolutions, Inc.

16.10.1.               Business Overview

16.10.2.               Key Revenue and Financials (If available)

16.10.3.               Recent Developments

16.10.4.               Key Personnel

16.10.5.               Key Product/Services Offered

17.  Strategic Recommendations

18.  About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

Frequently asked questions

Key players in the market are 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., among others.

Customer Relationship Management dominated the South America Automotive Dealer Management System Market in 2022 owing to the improved data and analysis along with the enhanced communication and customer service.

The Automotive Dealer Management System advantages include improved customer service, advanced data & management, and flexibility of using cloud-based solutions and data security, among others.

The growing need for enhanced sales tracking, inventory management and increasing focus on improving customer relationships, along with rising need for workflow automation are the main drivers for the growth of the Automotive Dealer Management System market through the forecast years.

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