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Keep Up with the Talon GPS Vehicle Tracking Solution

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Growing Fast? Keep Up with the Talon GPS Vehicle Tracking Solution

With auto sales up this year, and the economy continuing to improve, many dealers and lenders in the subprime vehicle financing sector are experiencing unprecedented growth. More non-prime customers mean greater revenue for businesses, but also increased risk.

GPS vehicle tracking can provide dealers and lenders with greater asset protection and peace of mind.

As more and more credit-challenged customers are driving their new vehicles off the lots, delinquency and repossession rates are up as well: 60-day delinquency rates are up 16.9 percent over Q1 2013, while repossession rates have risen by a staggering 52.1 percent. While some of that increase can be blamed on an overall increase in the volume of vehicles sold, the majority is a result of borrowers simply not paying their loans on time.

With a GPS vehicle-tracking device like the industry’s best performing Talon, dealers and lenders can unobtrusively track their inventory day or night, without disturbing the vehicle driver, or jeopardizing removal of the device. If a borrower becomes delinquent on their payments, dealers can quickly locate their vehicles.

Whether it’s tracking mileage, payments, or vehicle locations, the Talon has been engineered for supreme scalability. Among its most exciting features is its high degree of durability and resistance to the various conditions. Extreme heat, cold, moisture, humidity and dust are no match for the Talon’s ruggedized design and tamper-resistant frame. Not only is it easy to set up and use, it also happens to be incredibly cost-effective.

Here are a few statistics from actual Talon GPS Vehicle Tracking customers:

  • 84 percent of Talon customers have reported experiencing reduced delinquencies
  • 78 percent have been able to finance customers with lower credit scores
  • 68 percent have been able to finance with smaller down payments
  • 77 percent have seen a significant improvement in customer credit ratings.

To learn more about Spireon’s Talon device, now connecting with CDMA, click here.

David Meyer
Executive Vice President, Sales & Services Automotive Solutions
Spireon, Inc.

 

 

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  • Corinna Tutor
    VP, Integrated Marketing
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  • David Meyer
    Executive Vice President, Sales & Services Automotive Solutions
    Spireon, Inc.
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