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Advantage GPS by Procon Analytics Launches an Advanced Automotive Analytics Technology Platform Including Premium 4G LTE Devices

Auto lenders can now take advantage of enterprise-grade technology plus expanded GPS tracking coverage throughout North America, without the premium price.

Irvine, CA, February 27, 2018 — Advantage GPS, a Procon Analytics company that captures and translates raw data into actionable business intelligence, today announced the launch of its automotive analytics platform with Evo 4G LTE tracking hardware that provides automotive lenders with a true broadband experience and expanded 4G coverage throughout the U.S. and Canada.

The advanced vehicle tracking and payment reminder solution helps auto lenders identify and assess risks in real-time, make more agile and profitable business decisions, and expand their customer base to improve their bottom line. The solution:

  • Is specifically designed for the vehicle finance market – developed by the pioneers and innovators of automotive telematics, Procon Analytics
  • Delivers 4G LTE technology with up to 10x faster speeds for a true mobile broadband experience
  • Includes two minute real-time event updates giving vehicle finance customers the most powerful set of analytics tools available today
  • Is a win-win for lenders and dealers seeking accurate visibility into their vehicle assets for greater peace of mind, and for credit-challenged consumers attempting to purchase a vehicle and start the process of repairing their credit

“Advantage is an advanced risk mitigation solution that provides auto lenders with real-time automotive analytics using premium 4G LTE tracking devices – at no additional cost to our customers,” said David Meyer, COO of Procon Analytics. “Since we are not restrained by old embedded technology and both the design and production of our hardware is done in-house, we’re able to pass the savings directly on to our customers.”

Additional features of the Advantage GPS Evo hardware include:

  • Lowest cost 4G LTE device
  • Expanded coverage throughout North America
  • Lower power consumption
  • Internal backup battery (included)
  • Enhanced enterprise-carrier grade data security to protect sensitive customer information

“Behind the scene, the Advantage GPS platform is capturing automotive intelligence at two minute intervals while the vehicle asset is in motion,” Meyer continued, “That’s massive amounts of data insights that we transform into meaningful analytics that help our customers manage their asset portfolios more effectively, efficiently and confidently.”

Advantage GPS is continually striving to bring automotive lender and dealer clients the most leading edge technology available to allow them to protect their portfolios and set themselves apart from their competitors. Serving nearly 500 automotive lenders with over 300,000+ connections across the country, Procon Analytics not only utilizes the most innovative connected technology, but is constantly evolving based on the automotive finance industry’s needs, technological advances, as well as economic and legislative trends.

About Advantage GPS by Procon Analytics 

Advantage GPS by Procon Analytics provides GPS technology and innovative data analytics that empower BHPH dealers and vehicle finance companies to make smarter, faster and more profitable business decisions. The company’s seasoned leadership team has been revolutionizing risk mitigation tools and real-time automotive analytics to help lenders protect vehicle assets, reduce delinquencies and speed up recoveries when needed for over a decade.

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About Procon Analytics

Procon Analytics, a global leader in automotive telematics, is dedicated to bringing better, more efficient and value-driven connected car features – along with next-generation channel management processes – to US automotive retailers. As implied by its name, Procon Analytics combines a new database architecture with advances in big data analytics to run a powerful engine that converts information gathered by IoT sensors into critical business intelligence for the global automotive industry. Procon Analytics currently operates in the US, Canada and Latin America, with a focus on creating big data solutions for the automotive industry.

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