The stock market has used electronic stocks for years. Now, state DMVs — notoriously behind the times with technology — are increasingly choosing to issue electronic titles rather than paper titles. Due to the recent recession, DMVs are looking for ways to reduce costs and increase income. Currently, 19 state DMVs issue electronic titles. In the next year, the industry expects to see 7 more states join the mix, and several are considering making electronic issuance mandatory. In addition, there are extensive conversations within the motor vehicle world about electronic titles and odometers.
Contact PDP Group, Inc. to learn about how these changes impact your business.
