Solera Case Studies Corridor Motors II

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	Corridor Motors II Solera

Corridor Motors II

Solera

Technology Category	Analytics & Modeling - Real Time Analytics Sensors - GPS
Applicable Industries	Automotive
Applicable Functions	Business Operation Sales & Marketing
Use Cases	Fleet Management Vehicle Telematics
Services	Data Science Services
Challenge	Corridor Motors II, a small business in the automotive and transport industry, was facing significant challenges in reducing vehicle recovery time and quickly locating delinquent customers/vehicles. The company needed a solution that could help them overcome these challenges and improve their overall business operations. The inability to quickly locate delinquent customers and their vehicles was causing delays and inefficiencies in their operations. Furthermore, the extended vehicle recovery time was negatively impacting their business performance and profitability. Read More
About Customer	Corridor Motors II is a small business operating in the automotive and transport industry. The company was facing significant challenges in managing their vehicle recovery process and locating delinquent customers and vehicles. These challenges were causing operational inefficiencies and negatively impacting their business performance. The company needed a solution that could help them overcome these challenges and improve their overall operations and profitability. Read More
Solution	Corridor Motors II decided to implement GoldStar, a leading GPS solution that provides insightful data analytics to make financing vehicles easier, less risky, and more profitable. GoldStar was installed on 76-100% of their vehicles, providing the company with tools for vehicle location, reference verification, easy recovery recourse, predictive default analytics, and payment collection. The solution's features such as Proactive Alerts, GeoFence Alerts, and Location Genie were found to be most beneficial to their business. These features enabled the company to significantly reduce delinquencies, increase vehicle sales, reduce vehicle recovery time, and extend credit to more buyers. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Real Time Analytics

Sensors - GPS

Applicable Industries

Automotive

Applicable Functions

Business Operation

Sales & Marketing

Use Cases

Fleet Management

Vehicle Telematics

Services

Data Science Services

Challenge

Corridor Motors II, a small business in the automotive and transport industry, was facing significant challenges in reducing vehicle recovery time and quickly locating delinquent customers/vehicles. The company needed a solution that could help them overcome these challenges and improve their overall business operations. The inability to quickly locate delinquent customers and their vehicles was causing delays and inefficiencies in their operations. Furthermore, the extended vehicle recovery time was negatively impacting their business performance and profitability.

About Customer

Corridor Motors II is a small business operating in the automotive and transport industry. The company was facing significant challenges in managing their vehicle recovery process and locating delinquent customers and vehicles. These challenges were causing operational inefficiencies and negatively impacting their business performance. The company needed a solution that could help them overcome these challenges and improve their overall operations and profitability.

Solution

Corridor Motors II decided to implement GoldStar, a leading GPS solution that provides insightful data analytics to make financing vehicles easier, less risky, and more profitable. GoldStar was installed on 76-100% of their vehicles, providing the company with tools for vehicle location, reference verification, easy recovery recourse, predictive default analytics, and payment collection. The solution's features such as Proactive Alerts, GeoFence Alerts, and Location Genie were found to be most beneficial to their business. These features enabled the company to significantly reduce delinquencies, increase vehicle sales, reduce vehicle recovery time, and extend credit to more buyers.

Impact #1	Significantly reduced delinquencies
Impact #2	Significantly increased vehicle sales
Impact #3	Significantly reduced vehicle recovery time

Impact #1

Significantly reduced delinquencies

Impact #2

Significantly increased vehicle sales

Impact #3

Significantly reduced vehicle recovery time

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Overview

Corridor Motors II

Operational Impact