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By admin On August 11th, 2008GPS technologies help Dealers exceed financial goals
The leader in mobile resource management solutions for the automotive finance industry today announced the launch of its latest GPS device named The CUBE(TM). This revolutionary new GPS device is the smallest GPS tracking device in the industry and sports a rugged automotive grade housing that is extremely durable and heat resistant, and installation of this new device is much easier than its predecessor. PROCON will be distributing this new device through its subprime automotive finance brand.
“This is a cutting edge product far superior to everything else in the industry,” said Kyle Fjelstad Vice President of product development for PROCON. “We expect tremendous sales volume with this product. The CUBE(TM will change the way the subprime finance automotive industry thinks about GPS tracking devices. The compact design allows stealth installation, yet maintains a significant amount of space at the circuit board level to assure superior GPS performance. The custom hypersensitive GPS antenna is designed too vercome the sensitivity issues common in attempts by others to make small credit card size devices. ” This device, combined with PROCON’s already robust line up of products and offerings, further distinguishes PROCON as the clearleader in the MRM marketplace.
# Lower repossession costs or insurance cost
# Manage assets more efficiently
# Most reliable infrastructure on the market
# Huge inventory with guaranteed shipping in 48 hours.
# Increase your loan portfolio with less risk
# Over 7 years in the business
# Fully licensed product
# Industry-proven device
How does a Buy Here Pay Here (BHPH) Dealership protect their assets in today’s market and achieve their sales and financial goals? The answer is simple, by using state of the art GPS technology on every one of your BHPH vehicles. This is not only becoming more effective in assisting the BHPH dealership meet their goals, it is allowing them to exceed their goals. It is a MUST in today’s society. Without the use of this technology you are leaving too much to chance in an economic time that is exponentially increasing your business opportunities. GPS technology allows you to increase the number of notes you are putting on the street and to carry a higher value vehicle because you can track and recover that asset easier and more rapidly than ever before.
You are in this business to make money. The NIADA magazine article titled “Used Car Industry Report 2007” analyzed 280,000 loans over an 8 year period with a total value of $2.1 billion dollars. They found that average collections on time balance of loan was 97.30% using GPS technology vs. 72.90% without. GPS technology has proven repeatedly to be a product utilized effectively by innovative BHPH dealers to protect their rolling investments and get paid.
Utilizing GPS devices reduces repossession costs by nearly 70% as proven by the NIADA 2007 report. BHPH dealers using GPS technology are experiencing positive Return on Investment by protecting their assets on the street. Trust and Commitment is a must in all business practices today. Innovative BHPH dealers are realizing that GPS technology is maximizing their ability to protect their assets. When you make the commitment to use GPS technology make it completely. You cannot tell which customers will and which customers will not perform as promised. If you do not commit completely it will come back to haunt you when the vehicle you did not put a device in needs to be repossessed and you cannot find it or you have to spend the extra money on the conventional recovery practices. Just remember, not all GPS companies are created equal. Make sure the provider you choose offers state of the art technology along with the financial stability to be here for you in the long run. It does no good to put GPS devices on your vehicles if after 9 months the provider is no longer in business and you are stuck sitting with a lot of money on the street and devices that you cannot locate. The money you save up front by buying an inexpensive GPS device may end up costing you thousands in the end; after all at the end of the day will you sleep better knowing that you saved a few dollars of the price of a GPS device or that you can locate and recover your vehicle when you need to.
Fleet Management: *Financial Needsl*
Prostar GPS easily solves the problem by allowing you to view your fleet as well as run detailed reports of past dates and events. Avoiding the issues of using company vehicles for personal use. You will save time and money knowing where your employess are and how they utilize the company’s time. that can save you thousands on fuel and maintainance.
It pays for itself!