Complete the form below and we will contact you.
We will be reaching out to you shortly.
By Jennifer Margettes - May 17, 2016
Auto theft! We all think that it can’t happen to us, but the reality couldn’t be further from the truth. According to a recent study done by the FBI, auto theft is on the rise, leaving auto dealerships increasingly vulnerable. Nearly 41% of stolen vehicles are not returned according to this recent statistic and it is thought that the majority of cars that are stolen are in the $15,000 – $20,000 price range, which is leaving you, the Buy Here Pay Here dealership at more risk.
There are a lot of things that you can do to help deter these potential thieves. The first and most important is to have a security system in place as well as safety protocols among your employees to keep the lot and inventory safe. These crimes do not go without harm as some might think. The reality is that when a vehicle is stolen off of your lot, any potential profit margins were too; no insurance company covers the lost profits of a deal, but rather just the cost of the car minus a deductible which maybe over a 1,000 dollars. This could mean that you will be losing money by not protecting yourself and your assets.
A great safety feature that Deal Pack Pro can help with in these situations is getting your GPS units installed on every car as soon as possible and getting those GPS unit numbers saved in Deal Pack Pro upon installation. Another key topic is to make sure your keys are locked up and not within easy grasp of potential thieves. With the rise of smart keys, the cost associated with getting a new key rise with it. With the replacement of one smart key costing anywhere from 250 to 400 dollars doesn’t it make sense to treat these items like gold? In short, the answer is yes. Deal Pack Pro can help you keep track of your keys by allowing you to notate whether or not there are two sets of keys on each unit.
In conclusion, as the risks of owning a used car lot rise do not forget to take the steps to keep you inventory, your profit and your staff safe.
Call 1-800-526-5832 for more information on these and many more features in Deal Pack Pro!
Enter your email address and be notified of new posts.
Advanced Business Computers of America (ABCoA) develops and supports end-to-end software solutions for the subprime finance industry. Since 1983,
we have helped automotive dealerships and finance companies eliminate duplication, remain compliant, and achieve success with dependable, all-in-one software and white glove service and support.
Deal Pack is a complete, all-in-one software ecosystem customizable to your exact needs and scalable to your exact size - helping improve your operations, grow your business,
and solve the challenges you face. Whether you are a finance or sales company, multi-entity or publicly traded company handling BHPH or LHPH, operating or capital leases,
internal or external floor-planning, retail, rentals, consumer loans, origination, or seasoned paper, Deal Pack is the dependable software for mission critical operations.
Deal Pack handles all of your business needs transparently – providing you measurable improvements and complete financial control, saving you time,
increasing your bottom line, and allowing you the freedom to focus on your daily operations. Deal Pack is relied upon by thousands of customers across
all 50 states in the United States and six countries around the world. Customers properly using Deal Pack have never lost an IRS audit.
To learn more about ABCoA, visit www.abcoa.com.