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GPS Tracking for New Car Dealer Lots
1.
2. Skypatrol’s LotMan, Inventory Management System, does more than locate and track vehicles on a lot.
The LotMan Increases Revenue By: The LotMan Reduces Costs By:
•Putting eager customers in the driver's seat in •Running full inventory counts on demand – in
seconds, before they lose interest seconds, with no additional manpower
•Eliminating dead batteries as the cause of lost sales •Protecting every vehicle on the lot from theft and un-
•Demonstrating to the customer relevant F&I products authorized use
and features •Tracking vehicles off the lot in real-time to make sure
fuel is for test drives, not coffee runs
•Managing vehicles in the service department,
increasing efficiency without increasing support staff.
3. •OBD 2 processer reads important
information about battery life,
engine state, VIN number & fuel
level directly from the vehicle’s
computer
•Powerful GPS & Cellular
Antennas locate the vehicle,
broadcasting position and OBD
information to the platform.
•The Platform can ping the
LotMan device in any vehicle at
any time and get updated info.
•When the vehicle is on, the
LotMan will track its path and Geofence boundaries protect vehicles while on the lot and time stamps
report all information in real time (or sends an alert) whenever a vehicles leaves or returns to the lot.
(5 minute intervals) to the
Platform. Global GPS and nationwide cellular coverage protects the vehicles
when they are off the lot.
•The Platform catalogs all
information and sends alerts,
reports and events whenever a
condition is met or a rule broken.
4. •Notifications when battery levels are low
(including daily reports)
•Fuel Level from the onboard computer
•Geofences around lots and lot segments
•Locate the exact position of any vehicle,
anywhere, anytime.
•Watch a video breadcrumb history of test drives.
•Just plug LotMan into the OBD2 Port on any
vehicle and the system automatically does the
rest.
•Speeding alerts reduce liability and protect from
disaster
5. Franchise Dealers Service Departments Auction Houses
Product Cash Flow Statement for LotMan on an Average Dealer Lot
YEARS 1 - 3 YEARS 4+
1 Month 12 Months 1 Month 12 Months
Revenue (Dealer)
Additional Vehicle Sales (1 more car a month) $ 2,000.00 $ 24,000.00 $ 2,000.00 $ 24,000.00
Additional F&I Sales (5% throughput) $ 2,690.00 $ 32,280.00 $ 2,690.00 $ 32,280.00
Reduced Inventory Count Costs $ 300.00 $ 3,600.00 $ 300.00 $ 3,600.00
Reduced Insurance Costs $ 100.00 $ 1,200.00 $ 100.00 $ 1,200.00
Total Revenue (Dealer) $ 5,090.00 $ 61,080.00 $ 5,090.00 $ 61,080.00
Expenses (Dealer) Per Unit Mo. Cost (200 units) (200 units) (200 units) (200 units)
LotMan Hardware (over 3 years) $ 5.99 $ 1,198.00 $ 14,376.00 $ -
Airtime Service (over 1 year) $ 5.00 $ 1,000.00 $ 12,000.00 $ 1,000.00 $ 12,000.00
Total Expenses (Dealer) $ 2,198.00 $ 26,376.00 $ 1,000.00 $ 12,000.00
Dealer Gross Margin $ 2,892.00 $ 34,704.00 $ 4,090.00 $ 49,080.00
Assumptions
•Dealer has an average 200 vehicles in inventory
•Dealer turns inventory every 60 days
•Gross margin on a new car is $2000.00
•Dealer counts inventory once a month on average at a cost of $300.00 in man hours
•Reynolds & Reynolds will mark up the LotMan by 100%
•On Average GPS Recovery devices provide a 1-3% insurance discount
•Additional F& I is gross margin on 5% of vehicles on the lot sold with a GPS tracking device from F&I (at 230 wholesale revenue/ 499 retail revenue)
•Dealer will sell only 1 more vehicle every month because of the LotMan System.
6. Battery
VIN Number MPG
Voltage
Tracking Idle Time &
RPM Meter
History Alerts
Odometer /
Ignition State
Miles
Maintenance
Locate On
Events &
Demand
Reports
Acceleration/
Fuel Level
Braking G’s