A customer is at your dealership ready to buy a vehicle from you and they’ve brought a trade-in. It’s game time! But trade-ins come with a lot of questions that can leave you feeling…
Industry News Roundup: 6/21/19
Introducing our new weekly Dealertrack blog feature designed to keep you up to date on industry news and trends that affect our customers. F&I continues to be a sweet spot for biggest dealers –…
Faster Paper Contract Processing for Lenders
The car buying process is getting more digitally connected with each passing year, yet most dealerships are still finalizing purchase contracts on paper. During this time when contract processing is a hybrid of traditional…
Maximizing Titling Efficiency to Boost Inventory Turn
Economic trends indicate that plateauing SAAR for new vehicles is likely to continue, which means that used vehicle sales will be particularly important. This isn’t surprising news, but it reinforces the importance for dealers of…
Turn Dealership New Hires into Experts with Strategic Onboarding
Employee turnover costs dealerships billions of dollars every year. Yes, billions. And the problem is getting worse. Payroll is rising and one- and three-year retention rates are dropping, meaning dealers are spending more and…
Add Confidence to Every Trade-In Deal
When your dealership uses a traditional payoff and title release process for trade-ins, there can be a lot of built-in uncertainty. Between the amount of time it takes to receive the clean title (18+…
Paper Contracts Shouldn’t Prevent You from Fast Funding
By Todd Hutto, Associate Vice President of Operations, Dealertrack Digital Document Services Even as more of the car buying process moves online and the desire for a digitally connected online-to-in-store experience grows stronger, many…
Exploring the Dealertrack Resource Library
Whether you’re a current Dealertrack customer, dealer or lender interested in learning more about Dealertrack solutions, you’ll find a wealth of knowledge in the Dealertrack Resource Library section of our website. We’ve recently upgraded…
Dealertrack and the Evolution of Digital Retailing
Earlier this month, Cheryl Miller, Senior Vice President and General Manager of Dealertrack F&I and Titling Solutions, participated in a keynote panel at the Consumer Banking Association’s CBA Live 2019 conference. The topic was…
3 Questions You Should Ask About Your F&I Compliance Technology
Advanced automotive retail technology offers streamlined dealer workflows designed to improve the customer experience and ultimately enhance your profits. These workflows can provide other crucial benefits, including regulatory compliance safeguards and protections against consumer fraud, integrated across the sales and F&I workflow. Here are three questions to…
Minimize Risk and Help Ensure Compliance on Every Deal
It’s understandable that dealers do not enjoy having to think about compliance. The myriad, ever-changing laws, rules and regulations that apply to each deal can be confusing and frustrating. But non-compliance can lead to thousands of dollars in fines, class-action penalties,…
Reduce Holding Costs to Protect Your Bottom Line
It’s been a great day at your dealership. You’ve been working hard matching buyers with vehicles and taking in a good number of trade-ins. Eventually you’ll sell those trade-ins to other customers or at…
