As a dealer, you may think that GPS vehicle tracking is only a button that finds your car. But by partnering with the right GPS tracking provider, you can get much much more.
Think of it this way, the right GPS vehicle tracking paired with the right GPS tracking provider is like having a quarterback with an amazing arm and a wide receiver that has both speed and quick hands.
So how does the right GPS tracking provider give you more? By helping you take Big Data and analytics and distill infinite data points into actionable business intelligence that will help you run your dealership smarter, faster and more profitably.
Spireon’s GoldStar GPS allows you to increase sales and cash flow while decreasing the time and costs associated with vehicle recoveries. Our real-time GPS solution comes with a much needed ‘find your car now button,’ but it also digs deeper. It analyzes historical driving patterns, including location data, days and times. It confirms the present and predicts the future.
Now, before we get too metaphysical about our tech, let’s get to the nuts and bolts of our Location and Reference Genies.
When it comes to putting customers into cars, the last thing you need are STIPs slowing you down. Taking the time to manually call references can be a real drain on resources and time. It’s time that could be better spent on the floor, selling cars. Plus, customers don’t always appreciate calls to their employers and landlords, asking to verify information they’ve provided.
Here’s how Reference Genie works. Simply enter the addresses you need to confirm. Reference Genie automatically conducts a full background analysis based on defined reference criteria, driving history, then auto-generates the results. References that pass can be filed away and forgotten about, allowing you to focus your time only on those that raise red flags.
Bottom line – the Reference Genie allows you to close out STIPs faster so loans can be sold or processed easily. Come next tax season, this could also mean greater cash flow and faster inventory turnover.
If and when it becomes necessary to recover a vehicle, getting it handled quickly and cost-effectively is paramount. At that point, the customer has stopped paying for some period of time, and you’ve already lost money. Plus, the longer the vehicle is on the street, the more it depreciates and the more you’ll need for reconditioning before you can add it back to your inventory and get it sold again.
This is where Spireon’s patented Location Genie can save the day. By collecting and analyzing historical vehicle location data, it can predict the most probable location for any given car, at any given time.
You’ll no longer need to pay a recovery agent to scour neighborhoods for vehicles that may not be there. You’ll know that a customer is always at work at 2 PM on Thursdays or home by 7 PM during the work week. Location Genie will know if the customer has moved or changed jobs and be able to point you in the right direction. And that will allow you to conveniently schedule pick-ups and recover vehicles quickly before you lose any more money.
Rewrite Your Dealership’s Own History
With the help of our industry leading GPS vehicle tracking solution, GoldStar GPS, you can stop wasting time on STIPs or hunting for vehicles. You can focus on sales, protect your assets and grow your bottom line. By knowing the history of where your vehicles travel, you can make faster, smarter decisions for your business today. Contact us for a free demo and to see the genies in action!
Plus, stay tuned for part three of our Coach’s Playbook!