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Jared Hamilton
From: Jared Hamilton
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WEBINAR RECORDING - Five Ways to Grow Your Profits in the Second Half of 2020

WEBINAR RECORDING - Five Ways to Grow Your Profits in the Second Half of 2020

Discover strategies to identify and capture additional profit on every car deal. After months of uncertainty, we are seeing dealerships open their do…

Rock’s Rants: Purchase Orders

Rock’s Rants: Purchase Orders

Does your dealership have a purchase order (PO) system? Often when I ask this question in dealerships the answer is, “Sort of.” When I dig deep…

Even Loyal Dealership Service Customers Buy Tires Elsewhere

Even Loyal Dealership Service Customers Buy Tires Elsewhere

It’s widely known that dealerships still have a lot of ground to make up when it comes to selling tires. According to Modern Tire Dealer, auto dealer…

Stop Wasting Time On Bad Leads.

Stop Wasting Time On Bad Leads.

Every month we get leads, lots of leads. But as you know, not all leads are of quality. Yet so many dealers waste precious time answering bad leads. For th…

Maintain Service Excellence in the Recovery

Maintain Service Excellence in the Recovery

Undoubtedly, most of the population understands that businesses need to adapt to the ‘new normal’ during the COVID-10 recovery. Between ple…

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.

 

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