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How To Choose An F&I School?
Article updated February 26, 2023.
What is DealerTrack?
DealerTrack is one of the most widely used Dealership software in the United States. Dealertrack's platform provides automotive dealerships with the tools they need to manage their business more efficiently. It is a web-based solution that allows dealerships to manage everything from inventory to financing to customer data in one place. This article will examine the benefits, features, pricing, and more of DealerTrack software, and how it can help dealerships manage their business better.
Benefits of Dealertrack
One of the primary benefits of DealerTrack is that it allows dealerships to streamline their operations. Rather than having to manage inventory, financing, and customer data in multiple systems, dealerships can manage everything in one place. This saves time and money and reduces the risk of errors.
Dealertrack Features
DealerTrack allows dealerships to connect with a vast network of lenders. This allows dealerships to offer their customers a wider range of financing options, which can help increase sales. Additionally, DealerTrack provides dealerships with real-time data and analytics that can be used to make better-informed business decisions. The software is loaded with features such as:
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Inventory Management: DealerTrack allows dealerships to manage their inventory in real-time. This includes tracking vehicle details such as make, model, year, and mileage, as well as tracking the status of each vehicle (e.g., available, sold, or in transit).
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Financing: DealerTrack provides dealerships with access to a network of lenders, allowing them to offer a wider range of financing options to their customers. The software also includes tools for managing the financing process, such as credit application processing, document management, and e-contracting.
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Customer Relationship Management (CRM): DealerTrack includes a CRM module that allows dealerships to manage customer data, including contact information, purchase history, and service records. This information can be used to personalize marketing and sales efforts and to provide better customer service.
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Reporting and Analytics: DealerTrack provides dealerships with real-time data and analytics that can be used to make better-informed business decisions. This includes data on sales performance, inventory levels, and financing activity.
Finance Manager Training provides training on the leading dealership software packages, as well as help learning how to sell F&I products, present an F&I menu, read customer credit, talk to lenders, get difficult deals approved and much more.
Please Note: We are not affiliated with DealerTrack in any way. This is an information article.
Dealertrack Pricing
DealerTrack pricing is not publicly available and appears to vary depending on the needs and features that a dealership requires. Pricing is typically based on a monthly subscription fee and may include additional fees for certain features or services. Dealerships should contact DealerTrack for specific pricing information.
How many dealerships use Dealertrack?
DealerTrack is a widely used platform, with more than 27,000 dealerships using the software as of 2021. This includes dealerships of all sizes, from small independent dealerships to large dealer groups.
Pro's and Con's of Dealertrack
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Pro's:
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Streamlined Operations: DealerTrack allows dealerships to manage their business more efficiently by providing a single platform for managing inventory, financing, and customer data.
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Access to a Wide Range of Financing Options: DealerTrack provides dealerships with access to a network of lenders, allowing them to offer a wider range of financing options to their customers.
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Real-Time Data and Analytics: DealerTrack provides dealerships with real-time data and analytics that can be used to make better-informed business decisions.
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Easy to Use: DealerTrack is designed to be user-friendly, with a simple and intuitive interface that makes it easy for dealerships to manage their business.
Cons:
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Cost: DealerTrack can be expensive, particularly for smaller dealerships or those with limited budgets.
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Complexity: DealerTrack is a complex platform, and some dealerships may find it difficult to navigate and use effectively.
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Training: Dealerships may need to invest in training to ensure that their employees are able to use DealerTrack effectively, though Dealertrack support may be able to help with this.
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Conclusion:
Dealertrack is a very popular and widely used Dealership software company that helps dealer partners manage their financing, inventory and customer operations operate smoothly and efficiently.
This is an informational article. Finance Manager Training is not related to Dealertrack in any way. Comparison articles are made per 16 C.F.R. § 14.15(b)-(c), which allows comparisons of products and services.
Finance Manager Training F&I Certification
Finance Manager Training provides dealerships and F&I Managers with up-to-date training and F&I Certification. Finance Manager Training focuses on teaching practical F&I skills that are used by F&I Managers on a daily basis, as well as compliance training.
Finance Manager Training covers from the basics all the way to advanced F&I Topics, such as sales, software, laws, regulations, compliance and more.Â
