With the automotive finance industry booming, many dealers and lenders are finding that their business needs are expanding rapidly. Relying on old practices and outdated systems just won’t cut it anymore, and many dealers/lenders are in need of a substantial technology upgrade.
Keeping track of vehicles via telematics, a system of wireless GPS tracking devices that transmit actionable data to businesses, is a solution that offers such an upgrade.
The question is, with so many telematics choices out there, how do you evaluate which system is best for your business? The answer may be simpler than you think.
Here are 3 key performance indicators that your future GPS system must meet.
When searching for a tracking system, businesses must ensure that they choose a system that can meet their day-to-day needs and is easily accessible to their employees.
Look for solution that are packed full of features that automotive dealers and lenders desperately need. Examples include:
- 24/7 tracking
- comprehensive reporting features
- an automated alert system
- vehicle starter disabler
For businesses that deal in the subprime financing sector, the latter feature could be a lifesaver.
Perhaps just as important as features is performance. What good are the state-of- the-art tracking and communication tools if a vehicle is out of the coverage area?
Make sure that the system’s GPS devices run on a CDMA network, which will protect you from the 2G GSM sunset coming up quickly at the end of 2016.
3. Expanded Coverage
Just as one phone network coverage varies from one to another, make sure that your provider ensures coverage in the most rural or distant areas of the country. Spireon partners with networks such as Sprint, Verizon and T-Mobile, to provide clients with full network access.
With that kind of access, Spireon customers can expect faster network and data speeds, expanded coverage and more reliable connections, resulting in greater insights that facilitate better, faster decision-making.
Don’t wait for a future fix. Spireon GoldStar GPS has everything you need to protect your vehicle assets today, tomorrow and down the road. Learn more here or by contact us at 1.800.557.1449.