Notifications & Messages

Jared Hamilton
From: Jared Hamilton
Hey - It’s time to join the thousands of other dealer professionals on DrivingSales. Create an account so you can get full access to the articles, discussions and people that are shaping the future of the automotive industry.
×
Dealertrack

Exclusive Blog Posts

WEBINAR RECORDING - Hyper-Local Predictions for Automotive Retail

WEBINAR RECORDING - Hyper-Local Predictions for Automotive Retail

   Amy Hughes from Experian is the 2019 winner of the Most Valuable Insight Contest. She will be presenting data on hyper-local prediction…

4 Big Benefits of Servant Leadership

4 Big Benefits of Servant Leadership

Traditionally when we think about leadership in organizations, we think about a top-down, authoritarian hierarchy. When many dealers started working years …

Now taking requests for free weekly sales reports in your area! Keep an eye on your competitors!

Now taking requests for free weekly sales reports in your area! Keep an eye on your competitors!

I am offering these reports for free so that I can get some good feedback. Tell me what state, city, or dealer you want to see and I can send you how …

How to Make (and send) VR Videos

How to Make (and send) VR Videos

After my "best idea" win at DSES (thank you again, Driving Sales!) I've got lots of messages about how to capture customers from coast to coa…

A Birthday You Do Not Want to Celebrate!

A Birthday You Do Not Want to Celebrate!

Birthdays are supposed to be a great time of the year, it's your birthday after all, no? But one Birthday you want to avoid is the vehicles on your dea…

Three Questions to Ask About Accelerated Title

When it comes to car sales and financing, the relentless search for efficiency touches all areas of a dealership. Smart dealer operators are finding steps and tasks that can be connected, automated and perfected; they’re reviewing workflow and expecting time and cost savings. For example, ask yourself this question: When a customer brings a car to trade with a balance due, how many days do you have to wait before you can remarket that vehicle? How long will that car sit on your lot, taking up valuable space, just because the “paperwork” takes forever? In today’s market, if a trade-in sits for weeks due to the time it takes for payoff and title processing…it’s an unacceptable obstacle to sales. Turning that workflow into a fast, consistent and trackable operation is what Accelerated Title does. If you’re considering Accelerated Title, ask these three questions:

1. What are the practical benefits to vehicle payoff and title release technology? Dealer operations benefit due to increased efficiency through a fast and automated process. Add reporting and tracking capabilities, and the technology reduces the time spent on administrative follow up. In terms of actual sales operations, it’s simple: a trade-in vehicle can be remarketed faster, and with less hassle. That’s great for the bottom line.

2. How does Accelerated Title speed the process of title release and payout? By streamlining the connection between dealer and lender. For example, dealers obtain payoff quotes directly from lenders through Dealertrack, allowing for precise payoffs. Accelerated Title then utilizes ACH processing to transfer funds, expediting the timeline for the lender to receive funds and trigger title release. Central to this is the integrated use of Dealertrack Title Management data; this allows for the speed of title delivery and creates a one-of-a-kind technology solution. Through automation, poorly-defined processes are also corrected, and made consistent.

3. What type of reporting and tracking does the solution support? This is a critical question, because when it comes to workflow knowledge is power – and data is king. As such, dealership personnel should be able to track status, get on-demand reporting, and have 24/7 access to statements or transactions. It’s a significant efficiency gain your team.

 

 Unlock all of the community & features  Join Now