LoJack Canada said it has reached an agreement with Sym-Tech that will see the F&I provider sell and market LoJack’s stolen vehicle recovery and early warning systems to authorized car dealerships throughout the province of Ontario.
“Sym-Tech has been playing a prominent role assisting dealers to offer a well-structured F&I sales process. Our approach is for the dealer to gain customer trust by providing clear, easy to understand choices based on what is most suitable for their needs,” Brad Wells, Sym-Tech general manager said in a release.
“We believe that working with a trusted brand such as LoJack is a win-win for everyone. Ontario dealers are looking for F&I solutions that deliver significant value and satisfaction for their customers. LoJack expands Sym-Tech’s ability to offer multiple solutions to our dealer partners and lets them select the best products for their business office. With the LoJack system, our consumers have the opportunity to purchase a proven and reliable theft recovery system for their vehicle.”
Founded in 1995, LoJack Canada specializes in tracking, protection and recover of stolen property, vehicles and other valuable assets in Canada.
In 2004, LoJack Canada became a wholly owned subsidiary of LoJack Corporation, the company that invented the stolen vehicle recovery market more than 26 years ago. To date, more than 300,000 stolen vehicles have been recovered with the LoJack system worldwide, valued at almost $4 billion.
Kevin Joy, LoJack general manager said the agreement with Sym-Tech represents a large step forward for the company.
“As the Canadian auto industry continues to recover and consumer demand for new vehicles rises, LoJack Canada sees significant opportunity working with well-established F&I providers,” he said. “Being able to reach more dealerships through a recognized provider that is already offering an attractive product suite to dealers is fast proving itself an essential part of LoJack Canada’s sales strategy.”
Joy said LoJack would provide training for Sym-Tech representatives on the various offerings and potential dealership presentations.
Sym-The provides training programs, performance measurement for ongoing improvement and a full suite of F&I products for Canadian dealers.
It said the addition of LoJack to its suite of products means the company will be able to offer multi-layered vehicle recovery options for Canadian dealers and their customers.