Skypatrol’s LotMan, Inventory Management System, does more than locate and track vehicles on a lot.The LotMan Increases Revenue By: The LotMan Reduces Costs By:•Putting eager customers in the drivers seat in •Running full inventory counts on demand – inseconds, before they lose interest seconds, with no additional manpower•Eliminating dead batteries as the cause of lost sales •Protecting every vehicle on the lot from theft and un-•Demonstrating to the customer relevant F&I products authorized useand features •Tracking vehicles off the lot in real-time to make sure fuel is for test drives, not coffee runs •Managing vehicles in the service department, increasing efficiency without increasing support staff.
•OBD 2 processer reads importantinformation about battery life,engine state, VIN number & fuellevel directly from the vehicle’scomputer•Powerful GPS & CellularAntennas locate the vehicle,broadcasting position and OBDinformation to the platform.•The Platform can ping theLotMan device in any vehicle atany time and get updated info.•When the vehicle is on, theLotMan will track its path and Geofence boundaries protect vehicles while on the lot and time stampsreport all information in real time (or sends an alert) whenever a vehicles leaves or returns to the lot.(5 minute intervals) to thePlatform. Global GPS and nationwide cellular coverage protects the vehicles when they are off the lot.•The Platform catalogs allinformation and sends alerts,reports and events whenever acondition is met or a rule broken.
•Notifications when battery levels are low(including daily reports)•Fuel Level from the onboard computer•Geofences around lots and lot segments•Locate the exact position of any vehicle,anywhere, anytime.•Watch a video breadcrumb history of test drives.•Just plug LotMan into the OBD2 Port on anyvehicle and the system automatically does therest.•Speeding alerts reduce liability and protect fromdisaster
Franchise Dealers Service Departments Auction Houses Product Cash Flow Statement for LotMan on an Average Dealer Lot YEARS 1 - 3 YEARS 4+ 1 Month 12 Months 1 Month 12 Months Revenue (Dealer) Additional Vehicle Sales (1 more car a month) $ 2,000.00 $ 24,000.00 $ 2,000.00 $ 24,000.00 Additional F&I Sales (5% throughput) $ 2,690.00 $ 32,280.00 $ 2,690.00 $ 32,280.00 Reduced Inventory Count Costs $ 300.00 $ 3,600.00 $ 300.00 $ 3,600.00 Reduced Insurance Costs $ 100.00 $ 1,200.00 $ 100.00 $ 1,200.00 Total Revenue (Dealer) $ 5,090.00 $ 61,080.00 $ 5,090.00 $ 61,080.00 Expenses (Dealer) Per Unit Mo. Cost (200 units) (200 units) (200 units) (200 units) LotMan Hardware (over 3 years) $ 5.99 $ 1,198.00 $ 14,376.00 $ - Airtime Service (over 1 year) $ 5.00 $ 1,000.00 $ 12,000.00 $ 1,000.00 $ 12,000.00 Total Expenses (Dealer) $ 2,198.00 $ 26,376.00 $ 1,000.00 $ 12,000.00 Dealer Gross Margin $ 2,892.00 $ 34,704.00 $ 4,090.00 $ 49,080.00Assumptions•Dealer has an average 200 vehicles in inventory•Dealer turns inventory every 60 days•Gross margin on a new car is $2000.00•Dealer counts inventory once a month on average at a cost of $300.00 in man hours•Reynolds & Reynolds will mark up the LotMan by 100%•On Average GPS Recovery devices provide a 1-3% insurance discount•Additional F& I is gross margin on 5% of vehicles on the lot sold with a GPS tracking device from F&I (at 230 wholesale revenue/ 499 retail revenue)•Dealer will sell only 1 more vehicle every month because of the LotMan System.
BatteryVIN Number MPG Voltage Tracking Idle Time &RPM Meter History Alerts Odometer /Ignition State Miles MaintenanceLocate On Events &Demand Reports Acceleration/Fuel Level Braking G’s