Trends In Auto Loan ServicingNo.13
Dealers face used inventory challenges — ways Lenders can help
Dealer Performance Expert Robert Newman shares how & why Loan Service matters.
Have you contemplated the impact your loan service has on your dealer relationships?
In my latest vodcast with guest Robert Newman, Cox Automotive Director of Dealer Performance, our conversation around today’s used inventory constraints really homed in on this fact… and it’s probably one of Accelerated Title’s key benefits that I haven’t stressed enough.
While the feds continue cutting interest rates, affordability will still keep some out of the market and others choosing to buy used over new. The bigger problem: while new inventory bounced back to pre-pandemic levels, the used market is now feeling the effects of the factory shut-downs and chip shortage.
The struggle for used inventory is real, and dealers need the assurance of clean titles released as quickly as possible to help them close deals fast and maintain profitability — exactly what Accelerated Title has been built to do.
The benefits even extend to your existing loan customers — whether they choose to trade in their vehicle, or it suffers a total loss. Hear it all in our 15-minute conversation.
Deshaun Sheppard
Loan Service Expert
Accelerated Title removes all the manual burdens from your internal teams, and it delivers more accurate payoffs from dealers with payments cleared in 3 business days. You deliver clear title details to help them finalized deals faster and speed title release, so they can turn trades over for resale and optimize profitability.
Let’s get your FREE UPGRADE started. Be the partner that makes it easy for dealers to do business, and they’ll likely do more business with you.
Fill out the form at right, or schedule a meeting with me directly through MY CALENDAR.
Past Articles
Trend No. 12
More consumer, dealer, state DMV online activity MORE opportunity to optimize loan service
Trend No. 1
More Total Loss Transactions.
More Complexity.
Since we already service your titles, optimizing your payoff & title release process is quick and easy.
Fill out the form or schedule a 30 min call with Deshaun now
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