VADA Endorses DealerTrack

September 15, 2019

The Virginia Automobile Dealers Association (VADA) has expanded its preferred endorsement of Dealertrack registration and title solutions to include Accelerated Title in a continued effort to improve efficiency and bring a more modern, streamlined and electronic registration and title process to Virginia dealers.

On average, dealers pay a holding cost of $32 per day, per vehicle that sits idle on their lot. In addition, long-standing proprietary research found that vehicles with titles at auction are nearly two times more likely to sell on the first pass through an auction lane than those without titles. With Accelerated Title, dealers who take in trade-in vehicles are able to obtain instant payoff quotes, see title images, pay off loans with the click of a button and receive the title in as quickly as four to six days.

Dealertrack’s lender and dealer solution promises to substantially speed up the standard payoff and title release process by up to 70 percent.

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