Top 3 Reasons Why Car Dealerships Need GPS for Their Inventory (2024)

  • September 29, 2021

Share This:

If there is one technology every car dealership must embrace, it has to be GPS tracking for car dealers. These tiny tracking devices are priceless for car dealerships and car financing institutions. As a matter of fact, independent statistics indicate that about 70% of car dealerships in the United States already have their vehicles installed with GPS trackers.

Without a doubt, GPS tracking for car dealerships continues to get more popular, and undoubtedly for the right reasons as it goes beyond just merely locating the whereabouts of vehicles.

Let’s highlight the 3 Reasons Why Car Dealerships Need GPS Trackers for Their Inventory…

Manage Assets on the Car Lot

Although most people look at dealership GPS tracking devices as technological tools for locating vehicles miles away, there is no better way tomanage your inventoryand vehicular assets than by using a GPS car tracker.

A dealer asset management system that leverages GPS devices will conveniently help you identify the position of all the vehicles in your inventory and car lot. Furthermore, integrating tracking systems in your inventory management will equally give you real-time knowledge of the conditions of all the cars in your car lot.

GPS trackers can provide you with fuel levels, detailed diagnostic information, and the battery life of each car in your yard. Thus, with all the diagnostic data and locational and functional information, you know which cars are ready for viewing by prospective buyers and which ones are not.

Increase Security

The automobiles in your directory are your assets—they define your current worth and the future of your business. So, you would not want to lose any of them, and a vehicleGPS trackingdevice can help you protect your assets.

And with the rise of automobile thefts in car lots, you can use a dealership GPS tracking device to prevent theft. Many tracking devices are easily programmable to send alerts if a car moves. Geofencing and similar features will send signals to your mobile phone the moment a vehicle leaves your lot, making it difficult to lose any automobile through your staff, people purporting to be clients, or any strangers.

Track, Repossess, or Recover

The demand for used cars is at an all-time high, which is good news for car dealerships. But sometimes, clients fail to respect their side of the bargain for one reason or another. Thus, car dealers need to devise ways to always keep an eye on the automobiles loaned to clients for purposes of repossession, renegotiation, or recovery.

You can capitalize on a vehicle tracking system to enable you to monitor the whereabouts of your vehicles and recover them swiftly when applicable. You can use GPS devices to locate and efficiently repossess your car.

You can also track down your vehicles with defaulted payment plans and initiate transparent communication, or rework payment arrangements with the customers. This way, you are confident that you will not lose any assets.

Finally, you can also equip your demo or loan vehicles with car GPS trackers. This allows you to stay in the know of their destinations and how their respective drivers handle them. These devices can reliably monitor cars, including their speeds on the road and any form of misuse. In case of anything, you can always hold the drivers of your demo vehicles liable. It is vital to disclose to potential customers that the cars have tracking devices, and recklessness could attract fines.

Improve Your Efficiency and Security withGPS Tracking for Car Dealers

GPS tracking for car dealers allows you to monitor your vehicles in the yard discreetly and track them wherever they go. The devices are pretty tiny, yet powerful. Our Safepoint GPS system will last for months without running low on battery. But more importantly, they fit in tight places that make them impossible to find by your customers or thieves.

GPS Features To Look For in a Tracking System for Your Car Dealership

If you plan on investing in GPS tracking systems for your dealership’s inventory, you need devices with the right features for effective lot management. These

Drive New Revenue & Customer Loyalty To Your Dealership

Request A Product Demo Today

Call Today

And Eliminate common lot management and inventory control issues.

(833) SAFEPOINT
(833) 723-3764

TESTIMONIALS

Why choose us for your dealership lot management solutions.

I couldn’t be happier with this product.

I couldn’t be happier with this product. I love the app and ll it’s features. I will be recommending to all my friends.

Karlie Alvarez

Great add on to my vehicle!

Great add on to my vehicle! The fact that they can assist the police in recovering your stolen car is amazing.

Leigh Landeche

Previous

Next

Top 3 Reasons Why Car Dealerships Need GPS for Their Inventory (2024)

FAQs

Why do dealers put GPS on cars? ›

GPS trackers make it much easier for dealerships to recover vehicles with expired leases. Even if someone tries to evade your recovery professional, you have location data that shows exactly where to find the vehicle.

Why do cars need GPS? ›

It consists of a portable tracking device that allows you to monitor where your vehicle is. But that's not the only thing that GPS trackers can do for you. They have evolved greatly and can even provide you statistics of the car's speed, maintenance requirements, and temperature, among others.

What is the function of GPS in vehicles? ›

A GPS navigation system provides you with information related to your location and driving direction. It is used to navigate. On the other hand, a GPS tracker system is responsible for keeping track of the vehicle's physical position and monitoring it's speed and direction.

What is the significance of GPS in transportation? ›

Real-Time Visibility: GPS tracking enables companies to monitor the exact location of their vehicles or shipments in real-time. This visibility enhances operational efficiency by allowing better coordination and decision-making.

Do you need a GPS in your car? ›

They can provide peace of mind for caregivers of elderly drivers. Fleet managers use them to keep tabs on trucks and deliveries. And if your car gets stolen, a car GPS tracker can locate it for law enforcement.

How important is car tracking? ›

Why wheel alignment is important. Wheel alignment, or tracking, is the process of ensuring your vehicle's wheels are set to the optimum position, as per the car manufacturer's specifications. Incorrect alignment can result in rapid irregular tyre wear and can even affect the handling and safety of the vehicle.

Why is GPS so important? ›

GPS is a vital technology for our society because it helps us with navigation. It's estimated that two-thirds of the world's population live in areas where GPS can be used for navigation, and it's become an indispensable tool for both personal and commercial use.

Why is navigation important in a car? ›

How Connected Navigation Makes Driving Easier. Connected navigation systems have revolutionized the way we navigate on the roads, making driving easier and more convenient. With real-time traffic updates, these systems guide drivers along the most efficient routes, saving valuable time and reducing stress.

Why do I need a GPS? ›

Anyone traveling to remote areas where cellular coverage is limited or unavailable will get more accurate information because dedicated GPS devices connect to the satellite network more consistently and more frequently.

What are the three functions of GPS? ›

The Global Positioning System (GPS) is a U.S.-owned utility that provides users with positioning, navigation, and timing (PNT) services. This system consists of three segments: the space segment, the control segment, and the user segment.

What does GPS mean in a car? ›

GPS, or the Global Positioning System, is a global navigation satellite system that provides location, velocity and time synchronisation. GPS is everywhere. You can find GPS systems in your car, your smartphone and your watch. GPS helps you get where you are going, from point A to point B.

How does GPS help drivers? ›

GPS improves the driving experience by providing timely location-related data such as traffic delays, route changes, and estimated arrival times. Access to this information ensures drivers get from Point A to Point B safely and removes distractions.

What are the major advantages of GPS? ›

Table of Contents
  • Improved Safety.
  • Minimize Fuel Costs.
  • Lower Operational Costs.
  • Increase Productivity.
  • Theft Recovery.

What is the importance and uses of GPS? ›

GDP is important because it gives information about the size of the economy and how an economy is performing. The growth rate of real GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well.

What was GPS intended for? ›

Commercially, GPS is used as a navigation and positioning tool in airplanes, boats, cars, and for almost all outdoor recreational activities such as hiking, fishing, and kayaking. In the scientific community, GPS plays an important role in the earth sciences.

Can you remove dealership GPS? ›

Removing a GPS tracker from a financed car without the dealership's permission is illegal. Doing so violates the terms of the loan agreement and could result in legal action by the dealership, including repossession of the car.

Is it legal for a finance company to put a GPS on your car? ›

It is not legally your vehicle as an asset until it is completely paid off and you have the title. If the financing company wants a tracker on it to make sure that they know where you are, they are legally allowed to do so. Can I legally remove a GPS tracker I find on my car?

How do you know if your car has a tracker from the dealership? ›

First, check with the salesperson or manager who sold you the car. They may be able to tell you if a tracker was installed during the sale. If not, they should be able to give you the contact information for the person who installed any tracking devices on the car. Next, take a look around the exterior of your car.

Do all cars have GPS for repo? ›

These days, many lenders require that all new vehicles be equipped with such devices. As long as a car remains on the lot or under a payment plan, the tracking mechanisms must be active in the immediate location in case of theft or a subject falling delinquent on their payments.

References

Top Articles
Latest Posts
Article information

Author: Prof. Nancy Dach

Last Updated:

Views: 5784

Rating: 4.7 / 5 (77 voted)

Reviews: 92% of readers found this page helpful

Author information

Name: Prof. Nancy Dach

Birthday: 1993-08-23

Address: 569 Waelchi Ports, South Blainebury, LA 11589

Phone: +9958996486049

Job: Sales Manager

Hobby: Web surfing, Scuba diving, Mountaineering, Writing, Sailing, Dance, Blacksmithing

Introduction: My name is Prof. Nancy Dach, I am a lively, joyous, courageous, lovely, tender, charming, open person who loves writing and wants to share my knowledge and understanding with you.