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Corridor Motors II
Technology Category
- Analytics & Modeling - Real Time Analytics
- Sensors - GPS
Applicable Industries
- Automotive
Applicable Functions
- Business Operation
- Sales & Marketing
Use Cases
- Fleet Management
- Vehicle Telematics
Services
- Data Science Services
The Challenge
Corridor Motors II, a small business in the automotive and transport industry, was facing significant challenges in reducing vehicle recovery time and quickly locating delinquent customers/vehicles. The company needed a solution that could help them overcome these challenges and improve their overall business operations. The inability to quickly locate delinquent customers and their vehicles was causing delays and inefficiencies in their operations. Furthermore, the extended vehicle recovery time was negatively impacting their business performance and profitability.
About The Customer
Corridor Motors II is a small business operating in the automotive and transport industry. The company was facing significant challenges in managing their vehicle recovery process and locating delinquent customers and vehicles. These challenges were causing operational inefficiencies and negatively impacting their business performance. The company needed a solution that could help them overcome these challenges and improve their overall operations and profitability.
The Solution
Corridor Motors II decided to implement GoldStar, a leading GPS solution that provides insightful data analytics to make financing vehicles easier, less risky, and more profitable. GoldStar was installed on 76-100% of their vehicles, providing the company with tools for vehicle location, reference verification, easy recovery recourse, predictive default analytics, and payment collection. The solution's features such as Proactive Alerts, GeoFence Alerts, and Location Genie were found to be most beneficial to their business. These features enabled the company to significantly reduce delinquencies, increase vehicle sales, reduce vehicle recovery time, and extend credit to more buyers.
Operational Impact
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