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

• September 29, 2021

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.

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