SHRINKING PROFIT MARGINS
Margin compression is a reality of doing business, but more efficient tools and processes can help you reclaim profits.
WHAT’S SHRINKING YOUR MARGINS:
High overhead costs
With an average of 6.8 third-party software integrations,1 dealers pay an estimated $42,000 in overhead costs every year.2
Nearly one out of two employees leaves every year, costing your dealership an average of $45,000 each.3
Missed revenue opportunities
Dealers need to see all deal and profit margin scenarios when structuring deals.
Drive profitability with new and better ways to work.
Create more efficient workflows
Dealertrack DMS integrates with almost every third-party solution so you can work faster and more efficiently.
Dealertrack Performance Managers help you glean insights from DMS data, so you can focus your efforts on the most important fixes.
Unlike some DMS platforms, Dealertrack DMS doesn’t charge you to access your own data, and it offers reduced data integration fees.
Desking on Dealertrack F&I
Desk deals faster and more profitably.
Make more money on every deal
Deal structuring is up to 35% faster on the Dealertrack F&I platform.4
Generate options faster
Dealertrack F&I displays all scenarios in a single view so you can quickly and easily compare options to present to customers in seconds.
Dealertrack Accelerated Title
The only solution in the industry to speed payoff and title release process in as fast as 4-6 days.
Move inventory faster
Faster title receipt helps you move your inventory faster — and vehicles are nearly two times more likely to sell on first pass at auction when they are accompanied by their title.5
Reduce holding costs
Moving inventory quicker reduces holding costs and protects your profitability.
Increase back-office efficiency
Streamlined processes will help your employees do more in less time, making every workday more profitable.
Dealertrack Registration & Title
Cut everything that’s been cutting into your bottom line.
Speed up the process
Intuitive software helps to handle important tasks, helping your back-office maximizing productivity.
Widen your market
Comprehensive workflow management tools help you with DMV and state rules and regulations for both in-state and out-of-state deals.
- My customers are waiting too long.
- I'm paying too many fees.
- Title releases take too long.
- I'm drowning in data entry.
- Our technology is outdated.
- I'm basing decisions on bad data.
NEWS AND ALERTS!
COVID-19 UPDATE – State by State DMV Operating Status
Many of the DMV’s need to take some time to understand how they will handle specific transaction types as they adjust their operating procedures. We are taking action to make sure that we can maintain state-by-state registration and titling processing whenever possible.
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- 2017 Cox Automotive Community Poll (small base)
- Avg. $500/month x 7 third-party apps x 12 months = $42,000/year
- NADA, “2016 NADA Dealership Workforce Study.”
- Comparison of all workflows, Dealertrack F&I vs. Dealertrack classic platforms, internal time trials Jan 2019.
- 2014 (2X) & 2018 (1.6X) Manheim Articles “Impact of Delayed Titles at Auction”