CALIFORNIA REGISTRATION AND TITLE
GET TO KNOW THE SOLUTIONS
3.2M
registration and title transactions processed in California by Dealertrack in 2020.*
*Dealertrack California registration and title transactional data, FY2020
~24%
increase in in-state reg and title transactions processed by Dealertrack in the last five years.*
*Based on Dealertrack Registration and Title transactional data from 1/1/2016 to 12/31/2020
70%
of dealers say that integrating technologies has impacted their sales department the most, helping drive profitability for the dealership.*
*2019 Cox Automotive Tech Impact Survey of 219 dealers
WHY CALIFORNIA DEALERS CHOOSE DEALERTRACK
- Solution supports in-store and remote digital signatures for vehicle registrations, including the REG 262 form.
- Only Dealertrack offers end-to-end services from trade-in to registration and title for in-state and out-of-state car buyers.
- A wide range of on-demand and live webinar training is available for dealerships and reg service providers.
~80%
increase in out-of-state transactions in the last 5 years.*
*Based on Dealertrack Registration and Title transactional data from 1/1/2016 to 12/31/2020.
89+ miles
average buying radius for car shoppers, which has nearly doubled in the past three years.*
*2020 Cox Automotive Car Buyer Journey research
TRADE-IN TITLING (ACCELERATED TITLE)
Reduce holding costs and increase cashflow
When you're waiting for payoff and title release, inventory sits idle and holding costs accumulate daily. For most dealerships, that process takes 12-18+ days.* Dealertrack Accelerated Title® leverages the industry’s leading dealer-lender network to speed title release, for faster remarketing - both off your lot and at auction.*Based on average industry timeframe for vehicle title release and vehicle payoff process of 18+ days, as determined by Dealertrack data.
70%
Faster payoff and title release. Streamline your process from weeks to days.*
*Based on average industry timeframe for vehicle title release and vehicle payoff process of 18+ days, as determined by Dealertrack data.
18X
Growth in lender adoption over five years.*
*Based on Dealertrack internal data comparing lender subscriptions from 2015 through 2020.
$37
2X
LENDERS ON ACCELERATED TITLE
More lenders onboard, mean more opportunities for you to use it. See the current list of lenders who help you turn trade-in titles in as fast as 4-6 days.
“Customers and banks have their titles much faster with the Dealertrack program, which means the dealership is getting funded faster.”
– Colerain RV, Cincinnati OH
IS PROCESS EFFICIENCY IMPORTANT TO YOUR BACK-OFFICE?
Empower your staff to process registration and title transactions more efficiently to get the deal out the door for customers from any state.
ADDITIONAL RESOURCES
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