GPS Tracking Devices
Why should you use GPS
devices? GPS devices help keep your customers
current and paying on time. They can also play a
critical role in locating and recovering your vehicle if
your customer does not pay for or return your vehicle.
GPS devices make it easy for a dealer to simply recover
a vehicle.
|
Payment Protection
Systems and Devices |
|
Category |
Current |
Delinquent |
Repossessions |
Skips |
|
Benchmarks without Systems* |
73% |
27% |
15% |
3% |
|
Benchmarks with Systems |
95% |
5% |
4% |
1% |
|
Actual Results** |
97% |
3% |
2% |
.005% |
*Benchmark
is the Top 20 percent ofBH-PH dealers
* * Seven-year study of accounts following prescribed
practices
2006 NIADA USED CAR INDUSTRY REPORT-Page 24 From CN\V
Marketing Research, Inc.
|