Technological innovations have reimagined the way auto dealerships operate. Dealerships are embracing novel software solutions to streamline workflows, improve customer experience, maintain profitability, and stay ahead of the market competition.
According to a new report by Researcher, the global online car buying market size is expected to grow by $101 billion from 2022 to 2028, registering a CAGR of 11.7 percent.
The stellar market growth can be attributed in large part to the modern, tech-driven advancements that are revamping dealership management solutions from the ground up.
Dealerships are pivoting to digital, automated payment systems as customers expect seamless methods for purchases. These secure solutions help customers with payment scheduling and digital billing, which enables dealers to boost sales. Most dealerships are also integrating their appointment scheduling process with their online sales portal to ensure customers shop conveniently.
Data analytics is gaining immense prominence, allowing dealerships to glean better, actionable insights into their business operations. They are using digital customer activity tracking to determine car models that are in demand. Reporting and analytics platforms also help streamline and optimize workflows across all departments.
This edition of Auto Tech Outlook highlights the recent developments in the auto dealership management arena and insights into how companies are aligning with these trends to transform legacy practices.
We have curated thought leadership articles from industry experts, including the Director, Security Operations, Cox Automotive, and VP Engineering APAC, Adient. We also took a deep dive into the market trends to narrow down the list of top auto dealership management solution providers. Equipped with innovative technological capabilities, the companies such as Visibility and Dealer Systems help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Auto Tech Outlook on dealership management helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
