Reg & Title

What Can You Do in Four Minutes

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BROUGHT TO YOU BY DEALERTRACK REGISTRATION & TITLE WHAT CAN YOU DO IN FOUR MINUTES? COMPLETE REG AND TITLE QUICKER THAN YOU CAN MAKE COFFEE as determined by 2021 Dealertrack data. Spring has sprung, and business is blooming. The CNN Back-to- Normal index reflects that, nationwide, the economy is operating at 94.5% of pre-pandemic levels. But the auto market continues to see tight supply and low inventory levels for both new and used vehicles, leaving dealers looking for every advantage available. Sourcing inventory is a key concern, which means trade-in processing efficiencies are in demand. With tax returns forecast to arrive in consumers' pockets on a delayed timeline this year, Q2 is poised for a later spike in auto sales than usual, and dealers need to be prepared for fast, customer-friendly deal completion. As the industry adjusts to post-pandemic conditions, the high profit margins dealerships have recently enjoyed are shrinking. Improving operational processes can help dealerships reclaim profit margins across their operations, including their deal finalization and trade-in practices. In-state registration completed in under 4 minutes 1 After you've done the hard work of making a sale, the paperwork and details bound up in the traditional registration and title process can cause frustration and tarnish the excitement of a new car purchase for customers. An electronic solution that eliminates headaches, physical paperwork, and wait time lets your customers jump into that "new car feeling" even faster while your office staff tackles the next deal. With the power of Cox Automotive at their fingertips, our dealers are able to complete in-state reg and title for a vehicle sale in just under four minutes, right from their desktops. Swift and secure Many dealerships still use manual processes and paper forms to register a vehicle with its new owner and then physically transport the paperwork to file it. Empower your staff with an electronic registration and titling solution with built-in DMS import which helps reduce errors and time spent rekeying by pre-filling many of the data fields. Built-in error checks allow dealers to review entries prior to submission, ensuring accuracy and compliance. Electronic solutions also protect your customers' privacy. Completing the reg and title process through a secure connection avoids the risk incurred as physical paperwork containing sensitive customer information travels through multiple hands to the DMV. Speed: Built into every solution As dealers look to maximize their trade-in turnover while new vehicle supply is tight, look to an electronic solution that gets liens and titles released and into your hands quickly. Our trade-in titling solution allows you to quickly calculate and submit payoff for lien and title release. This reduces the time it takes to get a title from 12–18 days down to just 4–6 days and gets used cars back onto your lot or to auction—so you can recognize trade-in profits up to 70% faster. 2 Electronic solutions can transform your dealership to speed deals, satisfy customers, and drive profits—easing hassles now and paving a smooth, efficient path for business when supply woes ease. Schedule a no-obligation demo today to discuss saving time for you and your customers. 1 Dealertrack User Timing report through Google Analytics 11/1/19 to 10/31/20. 2 Based on average industry timeframe for vehicle title release and vehicle payoff process of 18+ days, MINS.

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