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Report
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
Market Report (3 business days) I 2023-09-05 I 120 Pages I TechSci Research
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.
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.
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.
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:
o Cloud
o On Site
- South America Automotive Dealer Management System Market, By End Use:
o Public
o Private
- South America Automotive Dealer Management System Market, By Application:
o Inventory Management
o Dealer Tracking
o Customer Relationship Management
o Others
- South America Automotive Dealer Management System Market, By Country:
o Brazil
o Argentina
o Colombia
o Chile
o Peru
o Ecuador
o Venezuela
o 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).
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
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