The growing trend of digitalization in all industrial sectors has contributed to the transition of dealer management systems (DMS) from being a luxury to a necessity in the automobile industry. With DMS, dealers can seamlessly manage vehicle inventory, customer data, deals, credit reports and financial components from a unified interface, streamlining operations and reducing inefficiencies. Amid the growing importance of compliance in the automotive sector, DMS also provide features that ensure adherence to regulations governing vehicle sales, finance and insurance, data privacy and more.
On that note, the global dealership management solutions market is forecasted to be worth USD 14.62 billion by 2032 from USD 9.31 billion in 2023, growing at a CAGR of 5.80 percent during the forecast period. Rising car sales, technological developments, transition to digital modes and of the need for stringent regulatory adherence are the key market drivers contributing to this expansion of the market.
This edition of Auto Tech Outlook brings forth the most influential developments in the dealership management landscape. The edition features thought leadership articles from Reese Blalock, director of automotive technical education and development at AAMCO Transmissions and Total Car Care, who highlights the importance of emerging technologies to improve workflow efficiency in the automotive industry. He also talks about the future prospects of EVs and hybrids, analyzing their potential for widespread adoption. It also brings to the spotlight insights from Maxime Mackieh, head of cyber security at Punch Powertrain, who talks about the vast potential of cyber risk within the automotive industry and the role of advanced technologies in overcoming it.
We hope this edition will assist you in identifying the Top Auto Dealership Management Solutions Providers in 2024 aligned with your automotive dealership management needs.
