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North America Automotive Dealer Management System Market Size, Share & Trends Analysis Report By Component (Hardware, and Software & Services), By Application, By Deployment (On-Premise, and On-Cloud), By Country and Growth Forecast, 2024 - 2031

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    Report

  • 87 Pages
  • May 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5978566
The North America Automotive Dealer Management System Market would witness market growth of 9.2% CAGR during the forecast period (2024-2031).

The US market dominated the North America Automotive Dealer Management System Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of$2.34 billion by 2031. The Canada market is experiencing a CAGR of 11.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 11.2% during (2024 - 2031).



Inventory management is a critical aspect of dealership operations, and Automotive dealer management systems (ADMS) solutions offer comprehensive tools to monitor and control vehicle inventory effectively. These systems allow dealerships to track vehicle acquisitions, manage stock levels, categorize inventory by make and model, automate reordering processes, and optimize vehicle pricing strategies. Real-time inventory visibility enables dealerships to make informed decisions, minimize carrying costs, and ensure that the right vehicles are available to meet customer demand.

ADMS solutions streamline finance and accounting processes, ensuring financial transaction accuracy, compliance, and transparency. These platforms integrate finance and accounting modules to handle invoicing, billing, payment processing, payroll management, financial reporting, and regulatory compliance. By automating routine accounting tasks and providing real-time financial insights, dealerships can improve cash flow management, reduce administrative overhead, and make informed decisions to drive profitability.

As the number of new vehicle registrations rises, automotive dealerships in Canada will experience greater demand for efficient and effective management systems to handle the influx of customers, sales, and service requests. In the third quarter of 2022, 34,313 new zero-emission vehicles (ZEVs) were registered, accounting for 8.7% of all new motor vehicle registrations, according to Statistics Canada. Yearly, there was a 43.2% increase in new ZEV registrations. The number of new ZEV registrations increased by 43.2% year over year. In Mexico, where smartphone penetration is also rising, mobile access to DMS systems becomes crucial for dealership staff who need to manage operations on the go. DMS solutions with mobile-friendly interfaces and applications enable sales representatives, service technicians, and managers to access critical information, update records, and communicate with customers from anywhere with an internet connection. Therefore, increasing vehicle registration and rising internet penetration in the region drive the market’s growth.

Based on Component, the market is segmented into Hardware, and Software & Services. Based on Application, the market is segmented into Customer Relationship Management, Inventory Management, Dealer Tracking, Finance & Sales, and Others. Based on Deployment, the market is segmented into On-Premise, and On-Cloud. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Wipro Limited
  • Irium Software (ISAGRI)
  • The Reynolds and Reynolds Company
  • Quorum Information Technologies Inc.
  • Autosoft, Inc. (Tsi Auto Solutions Inc.)
  • Oracle
  • CDK Global, Inc. (Brookfield Business Partners L.P.)
  • Dealertrack Inc. (Cox Automotive, Inc.)
  • GaragePlug Inc.
  • PBS Financial Systems Inc.

Market Report Segmentation

By Component

  • Hardware
  • Software & Services

By Application

  • Customer Relationship Management
  • Inventory Management
  • Dealer Tracking
  • Finance & Sales
  • Others

By Deployment

  • On-Premise
  • On-Cloud

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automotive Dealer Management System Market, by Component
1.4.2 North America Automotive Dealer Management System Market, by Application
1.4.3 North America Automotive Dealer Management System Market, by Deployment
1.4.4 North America Automotive Dealer Management System Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Automotive Dealer Management System Market by Component
4.1 North America Hardware Market by Country
4.2 North America Software & Services Market by Country
Chapter 5. North America Automotive Dealer Management System Market by Application
5.1 North America Customer Relationship Management Market by Country
5.2 North America Inventory Management Market by Country
5.3 North America Dealer Tracking Market by Country
5.4 North America Finance & Sales Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Automotive Dealer Management System Market by Deployment
6.1 North America On-Premise Market by Country
6.2 North America On-Cloud Market by Country
Chapter 7. North America Automotive Dealer Management System Market by Country
7.1 US Automotive Dealer Management System Market
7.1.1 US Automotive Dealer Management System Market by Component
7.1.2 US Automotive Dealer Management System Market by Application
7.1.3 US Automotive Dealer Management System Market by Deployment
7.2 Canada Automotive Dealer Management System Market
7.2.1 Canada Automotive Dealer Management System Market by Component
7.2.2 Canada Automotive Dealer Management System Market by Application
7.2.3 Canada Automotive Dealer Management System Market by Deployment
7.3 Mexico Automotive Dealer Management System Market
7.3.1 Mexico Automotive Dealer Management System Market by Component
7.3.2 Mexico Automotive Dealer Management System Market by Application
7.3.3 Mexico Automotive Dealer Management System Market by Deployment
7.4 Rest of North America Automotive Dealer Management System Market
7.4.1 Rest of North America Automotive Dealer Management System Market by Component
7.4.2 Rest of North America Automotive Dealer Management System Market by Application
7.4.3 Rest of North America Automotive Dealer Management System Market by Deployment
Chapter 8. Company Profiles
8.1 Irium Software (ISAGRI)
8.1.1 Company Overview
8.2 The Reynolds and Reynolds Company
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.3 Quorum Information Technologies Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Research & Development Expenses
8.3.4 Recent strategies and developments:
8.3.4.1 Acquisition and Mergers:
8.4 Autosoft, Inc. (Tsi Auto Solutions Inc.)
8.4.1 Company Overview
8.5 CDK Global, Inc. (Brookfield Business Partners L.P.)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.6 Dealertrack Inc. (Cox Automotive, Inc.)
8.6.1 Company Overview
8.7 GaragePlug Inc.
8.7.1 Company Overview
8.8 PBS Financial Systems Inc.
8.8.1 Company Overview
8.9 Wipro Limited
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.6 SWOT Analysis
8.10. Oracle Corporation
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 SWOT Analysis

Companies Mentioned

  • Wipro Limited
  • Irium Software (ISAGRI)
  • The Reynolds and Reynolds Company
  • Quorum Information Technologies Inc.
  • Autosoft, Inc. (Tsi Auto Solutions Inc.)
  • Oracle
  • CDK Global, Inc. (Brookfield Business Partners L.P.)
  • Dealertrack Inc. (Cox Automotive, Inc.)
  • GaragePlug Inc.
  • PBS Financial Systems Inc.

Methodology

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