Used vehicle sales helped keep dealerships afloat during new vehicle inventory shortages in recent years, but they are expected to be flat this year as new vehicle sales rally. Cox Automotive Chief Economist Jonathan…
Six Ways it Pays to Go Paperless
When Earth Day comes around, it’s a good time to think about saving paper. But saving trees and doing good for the planet aren’t the only benefits of using less paper at your dealership.…
Unmasking “Double Agents” Before Taking Trade-Ins
It was the kind of trade-in that would get the attention of any dealer in the city. With low mileage, sleek lines, and a purring engine, it had “fast resale” written all over it.…
What To Do About Trade-In “Freeloaders” On Your Lot
When you take a vehicle in on trade, it starts out at the dealership as an honored guest. After all, it’s there to be re-sold at a profit. But when it takes a long…
Avoiding Title and Payoff Surprises With Trade-Ins
Under the current market conditions, with new car inventory at historic lows, dealerships’ used car programs are more important than ever as a revenue and cash flow source. That puts increased focus on your…
Your Shortcut to Faster Trade-In Titling
The typical trade-in process is full of time-consuming manual steps that can mean a long road ahead before you receive the title and turn the inventory. Dealertrack Accelerated Title® offers an expressway to faster…
Clear Titles, Full Details Make for a Winning Trade-In
Autumn means colorful leaves, a chill in the air and the welcome return of football. This year, the auto business is experiencing some tough challenges brought on by daunting economic and industry conditions. Your…
CASH FLOW OPPORTUNITIES: THINGS TO CONSIDER WHEN RETHINKING YOUR BACK-OFFICE PROCESS
Now more than ever, dealers are looking for ways to promote efficient processes that can stimulate healthy revenue flow for their business. After all, cash is king, especially when looking at the current state…
The State of the Used Car Industry in 2020
In his Key Industry Trends for 2020 address, Cox Automotive Chief Economist Jonathan Smoke made several predictions about how used car sales can be expected to trend in the coming year. Used car sales are expected to increase…
Trade-In Titling Highlights from NADA 2020
If you weren’t at NADA or didn’t get a chance to stop by the Dealertrack booth, we don’t want you to miss out on this year’s buzz about Accelerated Title. Here’s a peek at…
Expediting Title Processing Can Save Time and Money
In our digital-first world, no one wants to wait for anything. So why does vehicle title processing still take so long? In this article from Used Car Dealer Magazine, Kaitlin Gavin, VP and General…
Improving Cash Flow with Faster Title and Lien Release
Cash is king for any business, and dealerships are no exception. Even with solid reserves and good fluidity, better cash flow always helps with your dealership’s expenses and overhead. So, how does faster title…
