MADA now requires that a Return Inventory Report, with a Return ID, be generated when returning any plates or stickers that are obsolete or damaged. This report will qualify as the packing slip that must be included with the inventory being returned.

For a step-by-step guide of how to create the Return IDs and Return Inventory Report, view our handy Inventory Process User Guide using the link below.

As a reminder, MADA provides several training options including onsite and on-demand. Whether you need a seasoned MADA expert on-site in your dealership, want to learn title basics or just to stay ahead of compliance and operational demands, MADA can help. To find out more, visit https://mada.org/title-solutions.

The trade-in titling process can be a slog — no longer. With Accelerated Title^™ (AT) and National Title Exchange (NTX) working in unison, dealers cut weeks off of their trade-in titling process. Here’s how:

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The Accelerated Title^™ difference.

Waiting weeks (or longer) for lien payoffs and title releases? Accelerated Title^™ provides both in just 4-6 business days, saving time and headaches while helping you generate profits faster. 

Dealers who use Accelerated Title^™ see:

• 80% faster title releases, with most titles in hand as fast as 4-6 days^¹
• 165+ active lenders — and growing — available to help you speed payoff, lien, and title release on trades
• $36 saved per day in average daily holding costs per vehicle^²
• 2x higher likelihood to sell vehicles on the first pass at auction with title in hand
• Accurate payoff quotes in just a few clicks

And once the lien is paid off and the title is released? That’s where NTX comes in.

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Dealer titles in days — meet NTX.

Instead of waiting for manual processing and potential delays when acquiring a title in your dealership’s name, NTX provides an E-Title or a physical title in hand in 1-3 business days — not the weeks or months the traditional process takes.

NTX allows you to overcome traditional titling roadblocks, and you reap the benefits:

• Vehicle acquisition and trade-in — Unprecedented speed and security with a completely digital process
• Speed to retail — Title in hand before selling the vehicle, avoiding the hassle of rebuilding a chain of custody
• Skip duplicate titles — With NTX, get a paper dealer title in 1 to 3 business days or less
• Be auction ready — Title in hand brings in an average of 10-20% more in wholesale profit per vehicle

The process is simple — Obtain chain of custody (with a Bill of Sale and Odometer Statement, for example, obtain a lien satisfaction if a lien is on the vehicle (or just pay it off with Accelerated Title^™), then simply sign, upload and submit docs. The process is easy and completely digital.

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Level up your process.

Don’t let lien payoffs and title releases plus dealer titles get in the way of profit — move vehicles off your lot faster.

To learn more about how AT and NTX drive profit and speed commerce, schedule a demo using the link below.