Introduce

As the auto leasing industry recovers from the shutdown and severe lack of customers due to COVID-19, the industry is still profitable.

Globally, the car rental industry is projected to grow at a CAGR of 6.7% from 2020 to 2027, with the industry valued at $144.21 billion by 2027, according to statistics. In particular, the U.S. car rental industry is expected to grow at a CAGR of 5.27% from 2022 to 2026. This would bring its annual revenue to $31.43 billion.

Clearly, car rental continues to be a significant growth that is occurring much faster than businesspeople thought at the beginning of COVID-19.

Challenge

Growing market demand does not necessarily mean a return on investment. There are also many challenges due to the high overhead and start-up costs of running a car leasing company.

For example, for employees, a company car is more of a tool than their own property, so the probability of developing bad driving habits is often higher. But for business leaders and fleet managers, the cost of purchasing and maintaining vehicles represents a significant portion of company expenses. Therefore, maximizing the uptime of company vehicles while keeping them in top condition is a challenge for every fleet manager.

On top of that, tracking reservations from start to finish, always providing competitive customer service, transparency and simplicity of the reservation experience, inappropriate driving challenges, and rising fleet maintenance costs are all challenges that companies face.

Solution

Existing fleet management companies need to rethink their position as asset managers and leverage IoT and data-driven to manage and expand their fleets, enabling them to reduce costs and increase efficiency while being more innovative and competitive.

Increasingly, large operators and suppliers will focus on fleet management as a business or as an important channel for them to save resources while increasing efficiency.

As a result, a comprehensive, affordable, and customizable fleet tracking solution that combines process monitoring and automation is becoming not only an attractive option but a necessity.

To demonstrate the solution, we chose the Jimi & Concox JM-VL04 LTE OBDII GNSS tracker.

You can easily install the professional 4G OBD vehicle tracker. With its advanced accelerometer, gyroscope, and special algorithm, JM-VL04 can detect With its advanced accelerometer, gyroscope, and special algorithm, JM-VL04 can detect improper driving behaviors, precisely calculate mileages, and prevent dark spots occur in areas with poor GNSS signals. 

By leveraging different 4G communication modules, it covers almost all global LTE frequency bands. A revolutionary update is the voice alarm, which can A revolutionary update is the voice alarm, which can remind drivers to behave correctly when their bad driving activities have been detected. listen-in.

How it works

We will introduce the hardware device and the platform software in two parts.

DEVICE  

Featuring multiple positioning systems and an inertial navigation system, Jimi & Concox trackers enable corporate leaders, fleet managers, and dispatchers to LTE communication with GSM (2G) fallback ensures a solid connection in almost all cases, and the LTE communication with GSM (2G) fallback ensures a solid connection in almost all cases, and the advanced GPS antenna provides strong signal acquisition and more accurate positioning capability. cutoff, and various other I/Os for peripherals, Jimi & Concox’s intelligent tracking terminals can be customized to streamline your fleet operations and boost efficiency.

PLATFORM 

With live location, track history, and geofences setting, the cloud platform allows fleet managers to track their company cars from anywhere, at any time. In addition to these features, driving behavior analysis, the suite of event-triggered alerts, and reports of telematics data like total mileage. coolant temperature, fuel consumption, vehicle speed, battery voltage, engine RPM, and trouble codes will make the cloud platform a valuable part of fleet management strategy, helping corporate leaders, fleet managers and dispatchers monitor the status of each company car, and take corresponding and effective measures in case of abnormal events.

Benefits

01 ReducingAccident Risks

Corporate leaders, fleet managers, and dispatchers can easily monitor any car in their company fleet, and promptly identify and correct drivers’ dangerous Moreover. there are instant alerts for high-risk behaviors such as speeding and Moreover. there are instant alerts for high-risk behaviors such as speeding and fatigued driving, which further reduce the likelihood of accidents.

02 MaximizingVehicle Uptime

Real-time location tracking reduces the risk of vehicle theft, and multiple alerts prevent abnormal events such as dangerous driving behavior. Moreover, managers can evaluate vehicle status based on vehicle mileage and fuel consumption, and ensure that their company cars are well-maintained and overhauled on a regular basis.

03 MinimizingMaintenance Costs

Supports reading key vehicle data such as VIN number, odometer, coolant temperature, fuel consumption, vehicle speed, battery voltage, and engine RPM, and Managers in charge can easily identify areas that need improvement in their company cars and avoid breakdowns for on-road vehicles. reducing fleet maintenance overheads.

Car rental companies can use JIimi’s intelligent tracking terminals and telematics cloud platform to help companies monitor the status of each company vehicle, such as sharp acceleration, sharp braking, sharp turns, sudden lane changes, collisions, skidding, rollovers, rollovers and pitching scenarios. And in case of abnormal events, it takes appropriate and effective measures using vehicle movement alerts, speeding alerts, geo-fencing, voice monitoring, vehicle battery detection, and power disconnection.

Why Jimi & Concox?

Jimi & Concox car rental solutions help companies reduce fleet operations and management costs and digitize fleet management to meet the challenges of the car rental industry.

For over 20 years, we have been developing an extensive assortment of top-quality certified GPS trackers, asset trackers, dash cameras, and any telematics solution you can imagine. Our aggressive growth and customer loyalty are a testament to the value of our approach.

In addition, we offer excellent customer support. We’re always here to help you! Our world-class support is ready to answer any questions you may have. If necessary, don’t hesitate to contact us: info@jimilab.com