October 2022
Manual registration and title processes can be inefficient and costly. The time and money you spend on maintaining copiers, printing, and handling documents, cutting paper checks for payoffs, and paying for postage and shipping negatively affect your bottom line. Moving to an electronic process can save the average dealership over $11,000 per month per rooftop in unnecessary costs.
When you add in a manual F&I process that includes the cost of paper and ink for printing contracts and time spent handling paper documents, it creates even more opportunity to save on unnecessary costs.
According to Cox Automotive’s recent auto weekly summary from Jonathan Smoke, tight supply and minimal improvement in production have limited the potential for new vehicle sales to grow and are driving prices higher
Average unnecessary costs in paper documentation and shipping and handling.1
and incentives lower, which is keeping demand in check. In today’s market, recouping the costs of manual processes helps protect your profitability.
When inventory is limited, you can save money using electronic reg and title and digital F&I processes that reduce the costs associated with manual steps and paperwork by submitting transactions online. Dealertrack provides you with the tools to increase operational efficiency so you can funnel savings back into your dealership and bolster your bottom line.
1 Based on industry standards for labor costs and Dealertrack and dealer customer data as of August 2022. Not a guarantee of actual savings.