DMV Hit Rate and Your Revenue ... 1% Makes a Big Difference
Thanks to our powerful and proprietary DMV expertise and access, we help our clients achieve DMV hit rates of 90% or higher. If your rate is lower, you may be missing out on significant revenue.
MORE THAN 80% of citations are ultimately paid, when a registered owner is identified
LESS THAN 40% of citations are ultimately paid, when a registered owner is NOT identified
Even a small improvement could make a big difference. Assuming you issue 100,000 citations annually with an average payment amount of $50...
A 1% increase in your DMV hit rate could mean 1,000 more citations with identified registered owners and $50,000 more in revenue.
A 2% increase in your DMV hit rate could mean 2,000 more citations with identified registered owners and $100,000 more in revenue.
A 3% increase in your DMV hit rate could mean 3,000 more citations with identified registered owners and $150,000 more in revenue.