Daily Reports Can Increase Dealership Profitability
Auto dealers need to think of the cars they finance as a financial portfolio. A very high risk portfolio. If you had a few stocks in your ETrade account or with a stock broker, you would monitor it. It’s the same thing with vehicles financed. Most buy-here-pay-here dealers get 20% or higher interest rates. They need that high rate to cover the repo’s, impounds, lost vehicles, etc. However, what if you could stop losing vehicles? The dealer tracker is the newest car tracking device with starter disable. This GPS tracking device was created for sub-prime auto financing.
How to Increase Your Car Dealership Profitability
- Impound Alerts
It has innovative features created for the auto financing industry. These units have impound alerts. This will notify the user when the vehicle gets impounded. Vehicle impounds are very costly and sometime an abandoned vehicle title can be filed. This allows the car title to be transferred to the impound lot.
- Back Up Battery
The gps tracker for car dealerships also has a backup battery. This is the most important feature. If the car loses power, the backup battery will kick in on the device. It triggers an alert to the user. When the car loses power it typically means the battery was disconnected. Our competitors GPS trackers that don’t have a backup battery just lose power immediately. No last locate. No last alert. That is why we only sell GPS trackers with a backup battery.
- Daily Reports
We recommend auto financing dealers to get reports emailed to them daily. It is a great way to spot check and see location, alerts, and activity. The most important alert is “battery.” This is a red flag indicating something is wrong and the car is about to lose power. Check out a little video we did. Please contact us with any questions.
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Successful Car Dealerships Use GPS Trackers
GPS and Track has over a thousand car dealerships as clients. They see the value of having a quality GPS tracker on their vehicles. One thing we have noticed is successful car dealerships monitor their portfolio closely. They make sure the vehicle is running and if it isn’t, work with the customer to get it fixed. If the car isn’t driving, the customer isn’t paying. Learn More about our Car Dealership GPS Tracker.