GPS Products: Latest Technology | Advantage GPS

GPS Products

Subprime portfolio loss metrics compiled by Subprime Analytics showed a number of improvements in 2019 compared to 2018 including the average gross dollar loss, net dollar loss, and more. We all know, however, that 2020 will be one for the record books, and we won’t know it positive or negative impacts for some time, though anecdotally the subprime and BHPH marketplace has remained strong, at least in most regions of the country.

Used Vehicle Prices Rising

According to Cox’s Kelley Blue Book, the average price of a used car rose 8.3% from February through August 2020, to $21,932. During the same period, the average new vehicle price rose 2% to $38,635. Prices for used vehicles were up 6.7% in September 2020, the largest month-over-month increase since February 1969. As new car sales all but stopped during the height of the pandemic lockdowns in the early spring and factories were shuttered, used vehicle sales remained fairly strong, but with low new car supply, used car prices rose, and demand has increased.

2020 Used Car Retail Price Graph - Advantage GPS

Industry Challenges

Our industry remains in good health despite the economic headwinds caused by the pandemic. Layoffs, furloughs, and business closures have resulted in millions of unemployed consumers. Federal and state economic assistance has helped to ease the pain, but those in the subprime finance industry have had to make collections and repossession decisions with little precedent to guide them. Technology, the data it generates, and AI-powered analytics has assisted these professionals with real-time decisioning.

Delinquencies have picked up, as have losses on subprime loans according to Bloomberg Businessweek.

Help Is Here

Advantage Automotive Analytics’ makes these tough decisions easier. Our proven real-world finance expertise, automotive retail experience, and unsurpassed technological prowess has resulted in the most sophisticated hardware and artificially intelligent software that assists finance professionals, both subprime finance companies and BHPH dealers, in optimizing portfolio performance. Our platforms track, protect, and locate vehicle collateral, and our analytics make collections decisions easier now and assist with future funding decisions.

Advanced GPS Tracking Hardware - Advantage GPS

Replacing Outdated Technology

We continue on our mission to replace outdated technology with the industry most sophisticated risk-mitigation and portfolio enhancing hardware and software. Our innovations have resulted in wired VIN Verify, wireless, battery-powered Revo, Mobile interface, and much more.

  • First wireless Revo GPS device, no installations
  • Revo’s Flexible Battery Life Options
  • Revo One — Pay as You Go
  • All New Mobile App
  • Evo VIN Verify
  • Lower power consumption, internal backup battery included with Evo GPS
  • 4G LTE devices for multiple carriers and coverage in North America

Request information