Updated: Apr 18, 2019
Vehicle theft is on the rise and, unfortunately, there are no signs of it slowing down.
Despite efforts by organisations like INTERPOL to crack down on the notorious crime, the number of stolen vehicles rose by 30% in cities like Toronto last year and 56% in countries like the United Kingdom. By the end of 2017 the international law enforcement agency had recorded a staggering 7.3 million stolen vehicles across 130 countries in its criminal databases.
IN MALAYSIA, A CAR IS STOLEN EVERY 24 MINUTES
In Malaysia—ranked one of the world’s top 10 countries for vehicle theft in 2016—a car is stolen every 24 minutes, according to the Insurance Services Malaysia Berhad Statistical Bulletin. The most stolen cars in this country include the Toyota Hilux, Toyota Vellfire, Proton Wira, Mitsubishi Pajero and Proton Perdana. So if you own any of these, be warned. Besides an added sense of insecurity driving these cars, do take note that your car insurance provider may also be charging you a higher premium due to the abovementioned risk.
Companies are looking beyond navigation
In response to increasing security concerns, automotive GPS trackers like FindMe’s™ are being used to tackle the theft of both personal and corporate vehicles. Even big-name companies like Tesla have already integrated GPS tracking into their latest car models to enhance security features for consumers.
And now, other businesses are jumping on board to ensure that their own vehicles don’t go missing as well, as part of measures to more effectively manage their fleets.
It’s not just about theft
Capable of real-time monitoring through cloud-based platforms, businesses such as car rental companies can keep a close eye on the location of multiple vehicles simultaneously—and respond fast in the event of theft. But the advantages don’t stop there. Fleet management is multi-faceted and addresses concerns beyond theft, so much so that customers, too, can enjoy both convenience and peace of mind.
Automotive GPS trackers like FindMe’s™ Trackmove™ Plug & Play OBDII vehicle tracker can also record useful data such as fuel consumption and efficiency, as well as mileage, allowing businesses to anticipate when vehicles need to be serviced to avoid unexpected mishaps and inconveniencing customers. And in the event vehicular problems do arise on the road, companies can quickly call and send for assistance, while remotely evaluating the vehicle’s condition.
Moreover, fleet management can also optimise employee performance in businesses, such as delivery companies. Supervisors can track employee efficiency by recording the amount of time a vehicle sits idle in between services, accurately track overtime hours worked and increase employee accountability on the road. Indeed, the growing capacity of fleet management solutions allows for a host of multi-pronged business solutions.
If your business has a corporate fleet, whether large or small, that’s all the more reason for you to explore its wide-ranging benefits.