AutoAp, Inc. has been designated as a “Certified Rapid Recon Partner” by Rapid Recon.
Rapid Recon enables automobile dealerships to maximize used car sales and profitability by using workflow technology to manage and vastly improve speed-to-sale of their used vehicle inventory. AutoAp has powered the recall information within Rapid Recon’s system since 2015. The new partnership will expand the relationship between the companies to bring AutoAp’s full suite of services to Rapid Recon’s clients.
AutoAp’s services have helped thousands of auto dealers make better acquisition decisions, improve their safety recall repair management, avoid costly liability and generate significant warranty reimbursement and Customer Pay. The new partnership will enable dealerships to benefit from the full breadth of value that both companies bring.
Dennis McGinn, Rapid Recon’s founder and CEO, said, “The time-to-line reconditioning performance for dealerships to be most competitive in their markets is an average three to five days. By incorporating AutoAp’s Safety Recall capabilities as part of the Rapid Recon solution, not only are at-risk vehicles identified and corrected as necessary through the workflow, but it mitigates potential million-dollar exposures. We’ve now had millions of cars go through the system and customers really benefit from it. Elevating our relationship so AutoAp can bring all of their best-in-class recall services is a natural progression to support dealerships.”
“Both Rapid Recon and AutoAp are industry leaders in their respective areas,” said AutoAp CEO Mark Paul. “With similar goals for our clients, Rapid Recon and AutoAp have many synergies and we have enjoyed a long, on-going relationship. We are very excited to jointly bring even further value to dealerships through this expanded partnership.”
According to AutoAp’s research, more than 20% of all vehicles on the road have at least one open safety recall. The publication of recalls is delayed by both the manufacturer and the National Highway Transportation Administration (NHTSA), with many being delayed for months. In addition, AutoAp’s review of the NHTSA data found an error rate of nearly 30% and these errors persist.
AutoAp’s dealer clients make more profitable vehicle acquisition decisions, obtain on-demand insights into financial and liability impacts safety recalls have on their operations and generate additional revenue through safety recall repair reimbursement, by automating cumbersome manual and error-prone systems.