ILLINOIS REGISTRATION AND TITLE
GET TO KNOW THE SOLUTIONS
IN-STATE REG & TITLE
495,000+
registration and title transactions processed in Illinois by Dealertrack in 2020.*
*Dealertrack Illinois registration and title transactional data, FY2020
~24%
increase in in-state transactions processed nationwide through Dealertrack since 2016.*
*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 ILLINOIS DEALERS CHOOSE DEALERTRACK
- Dealerships can maintain hard plate inventory and registration documents in the dealership to provide added service to customers.
- On-demand webinar training is available to demonstrate the latest process improvements.
ILLINOIS INDEPENDENT AUTO DEALERS ASSOCIATION (IADA)
~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.
“Since using Dealertrack’s in-state solution, we can get the titles with the liens on them perfected as soon as the banks get them funded, so it’s helped streamline the process and made it more efficient and quicker.”
– Hubler Automotive Group, Bedford IN
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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