GPS technology is constantly evolving. An industry report shows that its worth about $ 19 billion. And the current generation of GPS satellites is more durable, with high accuracy rates and signal strengths. In addition, GPS technology is more ubiquitous than ever.
The primary function of GPS is to determine specific locations on the Earth’s surface through trilateration. Several industries, including the auto-tracking sector, have used trilateration GPS technology to track objects.
Why do you need a tracking system? Here are the top reasons you should take advantage of this emerging industry and buy a tracker for your car.
1. Asset Tracking And Security
Whether for personal or business use, a vehicle is an expensive asset and a high-involvement purchase. According to one statistical report, the average selling price of a used car in the US is USD 26700.
The selling price of a new car within the same jurisdiction at USD 42380. Both reports show that the prices of vehicles are higher than ever.
However, another element showing an unprecedented rise is the number of car thefts. One report by the UK’s Driver and Vehicle Licensing Agency (DVLA) showed that car theft in the country increased by 26% between 2021 and 2022.
Therefore, the statistics above reiterate the need for tracker systems for trucks like ram tracking, allowing car owners to keep their vehicles safe. Vehicle tracking systems utilize GPS to load coordinates and other data that facilitate an individual vehicle’s location. Consequently, they aid in vehicle recovery after a theft or other police investigations like abductions and hit-and-runs.
Although GPS-enabled car trackers utilize similar tracking technology, some models and brands have more bells and whistles than others. For example, some car trackers allow you to collect data in real-time, while others go offline at some point and may miss some routes. Also, other trackers send you more car reports than others.
Car tracking systems are not equal, so consider the features before purchasing a tracking system. The additional features may mean spending slightly more on the tracking system, but the peace of mind that comes with spending a little more for a top-notch car tracking system is worthwhile.
2. Improved Employee Efficiency
Besides individual vehicle owners, companies offering freight and delivery services stand to benefit the most from vehicle tracking systems. The same goes for companies that issue their staff with company cars for occasional activities like brand activations. Such tracking systems allow management to monitor and address vehicle-related employee inefficiencies.
One of the most common employee inefficiency issues associated with company vehicles is engine idling or leaving the engine running while the vehicle remains stationary. Second, some employees use company vehicles for personal or unauthorized duties during and after designated work hours. Also, some employees may not be familiar enough with a given area to identify the shortest and traffic-free routes between given points.
Such inefficiencies hamper optimum staff utilization and raise recurrent expenditure costs on fuel and car service because excessive vehicle idling damages a car’s engine. However, a car tracking system allows a business to identify such inefficiencies, address them, and maximize their productivity.
3. Lower Insurance Premiums
Besides monitoring vehicle location, a car tracking system generates drivers’ driving behavior data. Driving behavior is a significant determinant of the insurance premium a car owner should pay a car insurance company.
Most car insurance companies have good driver programs that use in-house apps to monitor your driving skills and lower your premium if the app-derived data rates you as a good driver. The concept behind such programs is that good drivers face a lower accident risk and are unlikely to seek compensation.
Given that car tracking systems also track driver behavior, you can use the data from the tracking device to monitor your driving behavior and tackle problem areas. Once you are confident about your status as a good driver, apply for the good driver program at your car insurer and earn low premiums.
Second, besides good divers, car insurance companies also offer insurance premium discounts to car owners with anti-theft devices installed in their cars. An anti-theft device lowers the risk of your vehicle being stolen while increasing the chances of car recovery should your car get stolen. Therefore, depending on the agreement with your car insurer, you can use either or both avenues described above to lower your car insurance premium amount, thanks to car tracking systems.
4. Lower Fuel Costs
Inefficient fuel consumption arises from various factors. First, inefficient vehicle use like engine idling and spending avoidable time in traffic jams causes your vehicle to consume more fuel than necessary. Second, reckless driving habits like fast acceleration, speeding, and harsh braking also needlessly affect fuel consumption.
However, you can use a vehicle tracking system to monitor your car’s fuel consumption, address the above inefficiencies, and keep your fuel consumption minimal. Low fuel consumption translates to low fuel costs and lower exhaust fumes for a cleaner environment.
5. Improved Customer Satisfaction
Vehicle tracking systems allow businesses dealing in freight and those offering doorstep delivery services to add functions like real-time order tracking to their service delivery. Live order tracking helps consumers know when the delivery person will appear at their doorstep and plan their schedule accordingly. Such upgrades help a business stand out and receive stellar consumer reviews.
A car tracking system is a worthwhile investment with numerous benefits for individual car owners and business fleets. Therefore, if you have yet to purchase and install such a system in your vehicle, you have five solid reasons to reconsider your decision.