QualityStocks would like to highlight LoJack Corporation (NASDAQ: LOJN), the premier worldwide provider of wireless tracking and recovery systems for mobile asset. LoJack is the leader in global stolen vehicle recovery, with its unrivaled, proven solutions and direct integration with law enforcement. LoJack created the stolen vehicle recovery category more than 25 years ago and has earned a more than 90 percent recovery success rate in recovering stolen LoJack-equipped cars, light trucks, and SUVs. Globally, more than 300,000 stolen vehicles worth nearly $4 billion have been recovered using LoJack's technology.
In the company’s news,
LoJack announced it has entered into an agreement with the largest Ford dealership in the world, Galpin Ford, to install the LoJack Stolen Vehicle Recovery System on Galpin’s vehicle fleet. This agreement is the largest of its kind to be established between LoJack Corporation and a single dealer, representing a strategic direction LoJack is taking with topflight dealers such as Galpin Ford.
Galpin Ford has been the world’s largest Ford dealership for 22 consecutive years, and the arrangement between the two entities is a win for both. Vehicle thefts are happening increasingly at dealer lots, and Los Angeles particularly - where Galpin Ford is located - is ranked as one of the worst areas in the United States when it comes to car theft. Galpin Ford will now have the best available protection for its entire fleet of vehicles and can readily pass that protection along to customers who purchase the LoJack System. LoJack, in return, will have the endorsement of one of the nation’s largest and most successful car dealerships and the biggest Ford dealership on earth.
The flagship Stolen Vehicle Recovery System offered by LoJack Corporation will be installed on Galpin Ford’s fleet of vehicles, and LoJack will additionally provide value-added services in dedicated training, installation, and marketing. This will include representatives from LoJack who will be onsite at Galpin Ford to deliver personalized training on the LoJack System to the dealership’s entire sales staff. A team of certified installation representatives will also be on hand to install the LoJack System into Galpin Ford’s vehicle fleet. LoJack will additionally work with Galpin representatives on various initiatives to assist in enhancing the overall Galpin Ford customer experience, including analyzing customer traffic flow to offer insights into what attracts customers’ attention within the dealership. Finally, LoJack will develop customized, co-branded collateral on the LoJack System to enable Galpin to distribute educational marketing materials to customers.
Over the course of more than 25 years, LoJack Corporation has assisted more than 9 million people in protecting their vehicles from theft. Today, the company provides safety, security, and protection for a constantly growing range of valuable assets and people.
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