Dealership lot management has undergone significant evolution in the past couple of years
Addressing Storage Space Challenges with Remote Lots
In a car dealership, every vehicle represents an investment expected to generate revenue and profit. However, storing vehicles in remote lots, while offering savings and convenience, it increases the risk of theft; a fix with potential liabilities.
Leveraging GPS Technology
When the fix bring new challenges, innovative solutions are necessary. Today, GPS is widely used for navigation, and it presents an opportunity to address inventory security concerns. It now plays a crucial role in dealership operations, serving as a vigilant guardian for your auto dealership assets. Real-time tracking capabilities allow dealers to monitor each vehicle’s precise location, whether in a remote lot or on a test drive. This oversight extends to critical details such as battery status, key locator, vehicle locator. empowering dealers with comprehensive insights for an improved customer experience.
To enhance this solution further, geo-fencing and live-tracking have been integrated for a more accurate and streamlined experience. These systems ensure continuous surveillance, while proactive vehicle health monitoring preemptively alerts dealers of potential issues, enabling proactive intervention.
Theft Protection Is A Real Threat
In an era marked by rising dealership vehicle theft, robust theft prevention measures are critical. In 2023 alone, about 1 million vehicles were stolen; more than half Tesla’s production in that same year. Yet, some dealerships may believe they are exempt from such threats, statistics show that over 40% of all vehicles stolen were snatched from auto dealer lots.
Achieving Operational Excellence With Ikon’s Solutions For Auto Dealers
Lot management technology serves as a potent form of inventory protection. Auto dealers who introduced Ikon’s solution to protect their inventory retrieve stolen vehicles in less than 30 minutes on average.
Streamlined operations translate to tangible benefits such as cost savings and heightened efficiency. With Ikon Technologies’ solutions, our partners enjoy theft protection and lot management benefits at no cost. Additionally, we help dealers build their brand and increase revenue per customer, because Ikon is built for dealers, by dealers.
