The Expert Podcast

So here's another reason that the supply chain is affecting the automotive business. And. Even government agencies Here's an article from the wall street journal where they're talking about a shortage of title paper…Right. First of all it was computer chips batteries for logos Now another shortfall is vexing The auto industry, the lack of paper used to show ownership And you might think, well, why not just print it on a laser printer? There's paper at home at the office Depot. Why can't I just print it Well, titles are not printed. plain white paper. They're printed on security. Documents just like money. Or other security documents like checks It has watermarks It has hidden features for security and as woven. different color threads in it because a title document is a bare instrument, which shows who owns the vehicle They don't want it to be forged. They don't want it to be duplicated. So it's on special paper. That paper is in short supply. We're finding clients that are dealerships that are running into title problems because they can't get titles print. Now newer vehicles a lot of times you can do an electronic title You don't need the paper, but for vehicles that are going to another state or maybe going to a lien holder, or that you have to hand the title over to a buyer…Title paper's becoming a problem. And some states you might have to wait months to get a title. For a vehicle that you're applying for…So. Backlogs of supply chain issues Aren't just about physical things in the car like chips or batteries or logos. It's about. Things that. Or invisible to most buyers. Title documents is key to owning a vehicle. And if the DMV doesn't have enough paper to print them, That's going to slow people down and getting the right paperwork that they need to transfer ownership or get a lien released on their motor vehicle.