Latin America’s most popular automotive portal LatAm Autos has just announced a partnership with CarSync. This electronic device will now be distributed with vehicles sold through LatAM Autos.
CarySync is a device installed in vehicles which generates continuous data on client behavior. It features GPS intelligence, motion sensors and mobile data connectivity which allows users to create a driving profile based on their travel and safety statistics. Compatible with all car models, CarSync offers real-time tracking of vehicle location, synchronization with traffic and parking navigation services, roadside assistance, theft detection and motion sensors to detect driving patterns.
LatAm Autos will sell this product using 1 to 4 year agreements with pricing plans that comprise an upfront installation fee from US$300 and an annual renewal fee from US$200.
It will be distributed across four main streams; direct distribution, online and call centres, trade marketing and existing trade service renewals.
In addition to this, LatAm Autos is also in talks with Banco Pichincha, one of the largest banks in Ecuador. This bank finances approximately 35,000 vehicles which have been fitted with an existing GPS tracking technology. But discussions are underway to retrofit these vehicles with CarSync as a superior quality, lower cost alternative.
There has also been strong interest from several car insurers to retrofit CarSync into their insured vehicles in Latin America.