Rapid Recon Marks 10 Years Improving Used Car Profitability
At NADA ’20 this month, Rapid Recon founder and CEO Dennis McGinn will make some substantial announcements.

At NADA ’20 this month, Rapid Recon founder and CEO Dennis McGinn will make some substantial announcements.
Image by Alexey Hulsov via Pixabay
PALO ALTO, Calif. – Rapid Recon announced its 10th-anniversary educating auto dealerships on how to apply time-to-line (T2L) speed to sale principles to their used car reconditioning processes to improve vehicle turn and per-vehicle revenue.
Rapid Recon accelerates and streamlines how dealers get used cars sale-ready, reducing T2L from weeks to three to five days. Based on 2019 study, Rapid Recon was shown to reduce T2L by 49% at top Mercedes-Benz dealerships; for BMW dealerships by 47%; for Ford dealerships by 39%; and at Toyota dealerships by 31%.
At NADA ’20 this month, Rapid Recon founder and CEO Dennis McGinn will make some substantial announcements:
Vendor Advantage, which extends T2L workflow accountability, communications and cost control functionality to sublets and vendors. It enables dealers to assign work and receive work status notifications from both in-house and vendors including mechanical sublets, body shops, PDR and wheel repair.
Live Locate, advanced Bluetooth locator technology for outdoor, indoor and multi-level facilities for auto dealers – and it detects location elevation in multi-story facilities and showrooms. Live Locate solves a challenging annoyance -- “Where are my cars and where are their keys!”
T2L data from six million vehicles and across 40,000 dealership and vendor users validate Rapid Recon T2L’s robust contribution to dealers’ ability to fight margin compression. Rapid Recon is also used across 20,000 mobile and tablet users supported by its robust on-site onboarding and user training and support.
Originally posted on Auto Dealer Today
More Auto Finance

New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Auto Lenders, Consumers on a Tightrope
April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
Read More →
Toyota Financial Services President Replaced
Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
Read More →
Permission or Approval: When to Notify Finance Sources
Credit card down payments, multiple vehicle purchases and even straw purchases can be completed without committing bank fraud, as long as you tell the bank first.
Read More →
At-Risk Auto Borrowers Drive Looser Credit Access
Cox Automotive’s index shows the subprime segment, long loan terms, negative-equity borrowers and down payment amounts all grew in February despite ever-higher vehicle prices.
Read More →
Auto Loan Forecast Bucks Market Trend
Auto loan originations rose over 6% year-over-year in the third quarter of 2025, but TransUnion predicts a slight decline in auto loan growth this year, making it an outlier in the company's overall lending forecast.
Read More →
Auto Credit More Plentiful
Growing access shows greater lender appetite for risk as consumers take on heavier debt burden in an inflated market.
Read More →