Management plan for dump trucks
Industry status
The automotive finance industry handles a huge volume of transactions annually, but traditional management models suffer from three core issues:
Inadequate Provision Coverage
The National Financial Regulatory Administration requires that the industry's risk provision coverage rate reach over 150% by 2025, and financial institutions need to strengthen their asset monitoring capabilities
Insufficient Risk Control Penetration
Small and medium-sized financial institutions still rely on manual verification, with a vehicle loss rate as high as 5%, and the cost of asset recovery exceeding 30% of the vehicle price
Transformation Requirements
Many cities urgently need new energy to replace old equipment, and positioning equipment needs to be compatible with power monitoring and carbon data collection
Industry Pain Points
Risk of asset loss of control
In traditional mortgages, 5% of vehicles are out of monitoring, and loan fraud gangs often remove GPS devices and resell the vehicles.
Inefficient post-loan management
Each vehicle requires 2 hours of manual verification of its trajectory each month, and the recovery period for overdue vehicles exceeds 15 days.
Risk response delay
Behaviors such as speeding and fatigue driving are not intervened in real-time, resulting in an accident rate accounting for 68% of the total losses in the industry.
Solution
Real-Time Positioning
Real-time location tracking, allowing you to view the vehicle's location anytime, anywhere on your mobile device
Video viewing
View vehicle operation status in real-time through video, and trace past operations through video playback
trajectory query
View the vehicle's movement trajectory anytime and anywhere, including detailed data such as vehicle speed, parking spots, etc
Disassemble warning
When the device is removed, the platform will immediately send an alert message to the mobile phone, ensuring the safety of the vehicle owner's vehicle
Fence Alarm
After setting up the fence and vehicles, if a vehicle enters or exits the fence during the alert period, a fence alert message will be pushed
overspeed warning
Set the overspeed threshold. If the vehicle exceeds this speed, an alert message will be pushed to the mobile phone
Project Advantages
reduce costs
Automated monitoring replaces 80% manual verification, and post-loan management efficiency is increased by 4 times
increase efficiency
The defaulted vehicle will be repossessed within 7 days, and the asset impairment rate will be reduced to below 5%
Controllable risk
The vehicle recovery rate has increased from 75% to 98%, reducing loan fraud losses by tens of millions