KNOXVILLE — Spireon has developed the industry's first GPS vehicle tracking buyer’s guide for dealers who are new to the buy-here, pay-here (BHPH) segment and who are interested in expanding their loan portfolios, protecting their valuable assets and mitigating their risks.

The buyer’s guide provides an introduction to GPS technology and its advantages for dealerships implementing BHPH processes. It explains how to maximize the return on GPS vehicle tracking investments and the opportunities available in the subprime auto loan market.

The guide includes an overview of GPS technology; benefits of GPS growing dealership business; best practices on choosing the right GPS solution and provider; key features to look for in a GPS solution; and a GPS provider scorecard and checklist to help in the decision-making process.

"After reviewing the new GPS Tracking Buyer's Guide, we were able to understand the ins and outs of how GPS devices help the BHPH market, and it helped us really make sure we were choosing the right partner for our business in this space,” says David Pinkerton, owner of Kingston Pike Motors. “This is a must-read for all newcomers to the BHPH market or for those who aren't using GPS devices yet."

David Meyer, executive vice president of Spireon, added: "We are committed to educating dealers on new ways to improve their profits and operations. This is why we developed the industry's first GPS Tracking Buyer's Guide, to help dealers understand the benefits and best practices of using these devices and also educate them on the importance of selecting the right provider for them.”