I'm a consumer and I want you top sending me text messages and service reminders!

Category:
Of course! Simply reply STOP to the next message you receive and you'll no longer receive text messages from our system. If you reply anything other than the four letters STOP, you may not be removed correctly.

Does Ikon use Diagnostic Tracking Codes (DTC)?

Category:
Ikon’s OBD-II device has the ability to pull DTC codes, but it is not yet implemented and is on our future roadmap for implementation. It can not currently read codes from the vehicle.

How does Ikon pricing work? How much does Ikon cost the dealer?

Category: Pricing
Ikon Pricing and Implementation Models This narrative explains the two primary paths for dealers to partner with Ikon: the Ikon-Funded Model and the Dealer-Funded Model. 1. Ikon-Funded Model The Ikon-funded model is a performance-based partnership designed to eliminate upfront financial barriers while maximizing lot protection and service retention. Zero Upfront Device Costs: Ikon provides all GPS hardware to the dealer with no initial capital outlay. Full Implementation: We handle the physical installation and comprehensive staff training across all departments to ensure the program is launched successfully from day one. Pay-on-Sale: The dealer only incurs the cost of the device once it has been sold to a retail customer. The 50% Penetration Rebate: If a dealer achieves a 50% penetration rate or higher, they receive a 100% rebate for the cost of all devices that remain in customer vehicles that leave the lot without being sold (the "No-Sale" units). Tiered Performance: Penetration rates under 50% still result in significant rebates based on performance, typically scaling down to a 30% penetration floor. These devices are all eligible for the 1-Year Smart Marketing Program described below when properly registered. Conditions for Success: To qualify for the Ikon-funded model, dealers agree to a set of best practices that Ikon has observed in hundreds of successful deployments: Full DMS integration for automated data syncing. Stocking Ikon devices in the Parts department for inventory control. An agreed-upon pay plan for dealership staff to incentivize performance. 2. Dealer-Funded Model The Dealer-funded model is tailored for dealers who are already experienced with GPS products and prefer a traditional inventory management or "pre-paid" approach. Pre-Paid Hardware: Dealers pay the hardware cost for the devices upfront, treating them as a stocked part or floor-plan item. Streamlined Implementation: This model does not mandate the specific DMS integration or staff pay plan conditions required by the Ikon-funded model, though these are still recommended to reach maximum ROI. Upgrade Fee: When a device is sold to a retail customer, the dealer simply pays the upgrade fee to activate the full Ikon suite for the consumer. Ongoing Support: Dealers receive the same high level of implementation and continuous support provided in the Ikon-funded model. TRUE FOR BOTH PROGRAMS: 3. Universal Profit Centers Regardless of the chosen funding model, all dealers have access to additional wealth-building tools: Reinsurance Program: A lucrative program designed to build long-term wealth with the industry’s lowest administrative fees and fast payouts (often within 90 days). Performance Rebates: Both models are eligible for rebates on unsold devices based on sales penetration tiers. 4. The "No-Sale" Retention Ecosystem A core advantage of the Ikon program is that even if a customer declines the purchase, the device remains active for one full year at no cost to provide ongoing value to the dealer and the consumer: Smart Marketing: Customers receive mileage-triggered text messages and service reminders that link directly to the dealer's specific service scheduling page, increasing customer pay repair orders (CP ROs). High-Intent Service Leads: Ikon sends leads to the dealer for every customer who clicks a service link, allowing the service team to verify appointments or follow up with customers who did not complete the scheduling process. Theft Protection & Warranty: Every "No-Sale" customer receives one year of free phone-based theft recovery assistance and a $500 limited theft warranty. "Why Buy Here" Messaging: This benefit serves as a powerful differentiator. Dealers can market to every prospect that they receive free theft recovery assistance and a warranty just for choosing to buy from that dealership. Dealers set their own price for the Ikon program under either model, with the average price being $599. This price level enables dealers to bank a healthy PVR uplift and as well as driving volume in order to take advantage of Smart Marketing throughout the customer's lifetime.

What happens if the customer doesn't buy Ikon?

Category:
You keep iIkon in the car, the consumer signs a smart marketing agreement, and Ikon runs smart marketing programs for the first year in order to bring your customer back to your service department. The consumer also receives theft recovery assistance for the first year via our toll-free number, as well as a $500 theft benefit if their car is stolen and not recovered. You pay a small, Smart Marketing fee for this, which can be fully rebated up to 100% if your Ikon penetration rate is at 50% or above.

How do I get signed up as a dealer?

Category: New Sales
Please write us a info@ikontechnologies.com or call us at 833-667-6818 and we'd be happy to get you started!

How do I create an account?

Category: Account Management
If you are a dealer, your dealership's Ikon Admin is responsible for account creation. They are usually in Finance, so please contact them. If you are a consumer, the dealer should have created your account when you purchased your vehicle using your e-mail address as your login name. If they did not, please contact your dealer or Ikon Consumer Support. Please note that you MUST have purchased the Ikon device from an authorized car dealership, as this service is provided strictly by dealerships. If you purchased an Ikon device elsewhere (eBay, Craig's List, Facebook Marketplace), it is NOT possible to activate it.

How do I reset my password

Category: Account Management
If you are a dealer using the Ikon Portal or Ikon Toolbox app, please contact the person at your dealership with Admin access to the system (usually Finance), or reach out to Ikon Dealer Support. If you are a consumer using the Ikon Connect app, please contact Ikon Consumer Support.

Why is my tracking system taking up to 30 hours to update?

Category: Theft Recovery & GPS
Your vehicle may be parked in a place where there is no line-of-sight to the GPS satellite (in a garage, between tall buildings, etc.). If this is not the case, please contact Ikon Customer Support and we will be happy to troubleshoot with you!

What type of devices do you offerf?

Category: Theft Recovery & GPS
We offer a variety of hardware solutions designed for easy, non - invasive installation: A standard OBDII pass - through device that uses only power and ground to avoid interfering with factory electronics. A weather - resistant terminal device that connects directly to the vehicle battery, ideal for units without OBD ports. A wireless, rechargeable GPS device for quick placement on assets where wiring isn't feasible.

How often does your truck tracking system update?

Category: Theft Recovery & GPS
Our tracking system provides data every two minutes when a vehicle is in motion, which is a significant advantage over wireless or factory systems that may only provide delayed location information. In the event of a theft, we maintain a **99.7% recovery rate** with an average recovery time of just **18 minutes**. This precision ensures law enforcement receives current location data rather than where a vehicle was 20 minutes ago.

What does Ikon protect against

Category: Theft Recovery & GPS
**What we protect against** We protect dealerships from vehicle and lot theft, unauthorized vehicle movement, lost keys/fobs, inventory shrinkage, and inefficient lot audits. Our lot - management and telematics tools provide real‑time tracking, geofencing, rapid recovery (average ~18 minutes), a dealer theft warranty, and proactive monitoring to preserve assets and operations.

What do dealers say about Ikon?

Category: Theft Recovery & GPS
Dealers describe our solutions as a "saving grace" and a "game - changer." They highlight several key benefits: * **Increased Profit:** Dealers report an average profit increase of $300 per sale. * **Efficiency:** Floorplan audits are reduced from hours to minutes. * **Recovery:** Our 99.7% theft recovery rate has saved dealerships over $100,000 in stolen inventory. * **Retention:** Smart Marketing significantly boosts repeat business and customer - pay ROs.

How much does Ikon cost consumers?

Category: Theft Recovery & GPS
The **Connected Car** program provides significant value to consumers, including a **$10,000 theft benefit** and potential insurance discounts of up to **15%**. As with almost all retail products, each dealership sets their own price.

Where is the tracker

Category: Theft Recovery & GPS
Our GPS tracking devices are designed to be tamper-resistant and are typically installed in discreet locations within the vehicle. Unlike factory systems that thieves can often disable quickly, our secondary tracking layer remains operational even if standard systems are compromised. For dealerships, this technology allows you to [locate cars and keys](https://www.ikontechnologies.com/lot - management) on your lot in seconds and provides real - time data for swift theft recovery.

Who is better, Ikon or RecovR?

Category: Theft Recovery & GPS
We offer several strategic advantages over RecovR that prioritize dealer profitability and customer retention: * **Guaranteed Retention:** Our $10,000 theft benefit includes an $8,000 credit usable **only** at your dealership. RecovR writes the customer a check, allowing them to shop elsewhere. * **No "Drive - Off" Fees:** We use a consignment model and only charge upon a retail sale. RecovR charges dealers for devices that leave the lot unsold. * **Superior Telematics:** Our system provides real - time data for automated service reminders, whereas wireless units often "sleep" to save battery.

I need to charge the tracker

Category: Access & App Support
You should be able to charge the tracker using any USB cable and power supply.

Hello, i just got a new car and was not told anything about this being installed in my car. How do i turn this off or remove it?

Category: Theft Recovery & GPS
We prioritize your privacy and data security. Our connected car solution is designed so that only you can see your vehicle's location, and your data is not shared unless you explicitly choose to do so, such as when reporting a theft. For assistance with deactivating or removing the system, please contact the dealership where you purchased your vehicle.

Is Ikon wired or wireless?

Category: Theft Recovery & GPS
We offer various hardware options tailored to dealer needs, including both wired and wireless solutions. Our GPS and telematics devices are designed for seamless integration, allowing you to monitor inventory, track vehicle location, and manage assets with ease. For more details on specific hardware configurations, you can visit our [Lot Management](https://www.ikontechnologies.com/lot - management) page.

Why is Ikon better than RecovR?

Category: Theft Recovery & GPS
We offer several key advantages over RecovR that prioritize both dealer protection and customer retention: * **Theft Benefits:** Our theft benefit is $10,000 ($8,000 of which must be used at your dealership), ensuring a future sale. RecovR offers only $5,000 directly to the consumer, allowing them to shop elsewhere. * **Inventory Costs:** We operate on a consignment basis, charging only upon a completed retail sale. RecovR charges "Drive - Off Fees" for inventory movement. * **Telematics:** Our system provides direct odometer data and DTC alerts for service retention, whereas wireless units like RecovR's often "sleep" and cannot provide this data.

Who runs Ikon?

Category: Theft Recovery & GPS
We are led by a team of seasoned automotive experts: * **Sam Mahrouq**: Founder, Chairman, and CEO. * **Michael Wymard**: President. * **Walid Joulani**: Executive Vice President. * **Charles Stilwill**: General Manager. * **Jon Lamb**: Chief Product Officer Our leadership team focuses on delivering dealer - centric innovation through GPS, telematics, and AI to drive profitability and customer loyalty.

Can I remove it?

Category: Theft Recovery & GPS
We recommend contacting the dealership where you purchased your truck regarding the device. They can provide specific information about your service agreement and any associated benefits, such as theft protection or the $10,000 theft benefit.

Why is Ikon the best choice?

Category: Theft Recovery & GPS
We are the best choice because we are a company built "by dealers, for dealers," focusing 100% on franchise automotive needs. Unlike competitors who serve multiple industries, our integrated program eliminates operational friction, protects assets, and increases PVR. We offer a $10,000 theft benefit that guarantees future sales at your store and provide Smart Marketing tools that automate service retention, ensuring your dealership remains the primary connection for the customer.

Well mine didn't update for 30 hours and when I go somewhere else and I check where my truck is always says my driveway

Category: Hardware & Installation
We are sorry you are experiencing difficulty with location updating. For immediate assistance with a device that has not updated for 30 hours, please contact our support team to troubleshoot the connection.

Do you give refunds?

Category: Hardware & Installation
Ikon does not refund customers directly, as the sales relationship is with the dealer that sold you the product. Generally, Ikon is non-refundable because you signed for it when you purchased the vehicle. Please contact your dealer for more information.

How can I contact Sales?

Category: General Information
You can contact our sales team by calling us at **(833)367-6818** or by emailing **info@ikontechnologies.com**. Our corporate office is located at 1161 W. Corporate Dr., Arlington, TX 76006. For more information, you can also visit our [Contact page](https://www.ikontechnologies.com/contact).

Is vehicle information available in the Ikon Toolbox app?

Category: Access & App Support
Yes, the **Dealer Toolbox App** provides vital inventory information directly to your team's mobile devices. It allows you to: * **Locate Assets:** Find cars and keys in seconds using our "Find the Car, Find the Keys™" technology. * **Monitor Status:** Access real - time vehicle data, including battery reports and lot aging. * **Manage Audits:** Produce audit reports and track every fob and unit on the map.

How long has Ikon been in business?

Category: Dealer Marketing & Retention
We were founded in 2021 by seasoned automotive dealers who understood the challenges of the industry firsthand. We have established ourselves as a trusted partner for hundreds of dealerships, providing integrated telematics, marketing, and operational tools designed to drive profitability and long - term customer loyalty.

What kind of Smart Marketing campaigns can I run?

Category: Dealer Marketing & Retention
You can run highly personalized, automated text campaigns triggered by **real - time mileage data**. These include: * **Service Reminders:** Just - in - time notifications when a vehicle hits a specific mileage mark. * **Custom Promotions:** Campaigns tailored with discounts or seasonal specials. * **Dealer - Branded Outreach:** All messages feature your dealership’s logo and name to build brand loyalty. Our dedicated Account Managers can update your campaigns anytime to match your specific goals.

Does RecovR have any benefit for FixedOps?

Category: Access & App Support
RecovR does not offer the same Fixed Ops benefits as our platform. Because wireless units like RecovR's often "sleep" to save battery, they cannot provide the real - time Diagnostic Trouble Codes (DTCs) or accurate mileage data required for service retention. In contrast, our system uses this data to trigger automated maintenance reminders and schedule appointments, directly increasing your customer - pay ROs and keeping customers loyal to your service department.

How can dealers retain more service customers?

Category: Access & App Support
To retain more service customers, we recommend replacing manual processes with an automated digital bridge. Our **Smart Marketing** platform uses real - time telematics to send personalized, mileage - triggered service reminders. Key strategies include: * **Dealer - Branded App:** Keeps your logo on the customer's phone. * **Real - Time Data:** Triggers outreach based on actual mileage and battery health. * **Theft Benefit:** Our $10,000 benefit includes a replacement credit usable only at your dealership.

how can I get a hold of a sales person?

Category: Access & App Support
To get in touch with our team, you can visit our website to [request a demo](https://www.ikontechnologies.com/request - a - demo) or contact us directly through our [contact page](https://www.ikontechnologies.com/contact).

Why do I have an Ikon box on my vehcile?

Category: Access & App Support
If you purchased a new vehicle, you may have also purchased Ikon's stolen vehicle recovery program, which gives you 24/7 access to your vehicle's location via a dealer-branded smartphone app, theft recovery assistance, and a theft benefit of up to $10,000 in the event your vehicle is stolen and not reocvered. Because Ikon is installed by dealers for their benefit as well, it is often left in the vehicle even if you don't purchase it. When registered correctly, that gives you FREE theft recovery assitance and a $500 theft benefit for your first year of car ownership. The dealer is no longer able to track your vehicle once it's sold to you. If you purchased a used vehicle, it may have been installed by the prior owner. If you have any concern about an Ikon device installed in your vehicle, free free to contact us and we will verify its activation status and deactivate it for you if you wish

Why is ikon better than the competition?

Category: Access & App Support
We distinguish ourselves through our **"By Dealers, For Dealers"** DNA. Unlike competitors that are often technology companies trying to enter the automotive space, we are a car company that builds technology specifically to solve dealership friction. Key advantages include: * **Managed Service:** We provide local, boutique support and an inbound BDC to schedule appointments, whereas competitors like LoJack offer DIY tools. * **Financial Benefits:** We offer a $0.00 upfront, consignment - based model and the industry's lowest reinsurance administrative fees. * **Superior Recovery:** We boast a 99.7% theft recovery rate with an average 18 - minute recovery time. * **Non - Invasive Hardware:** Our devices are non - invasive, avoiding the "parasitic drain" and wire - cutting associated with hardwired systems like KARR. * **Dealer Sovereignty:** Our dealer - branded app ensures your brand - not the OEM's - stays front and center, protecting your customer relationships.

Why can't I log in

Category: Access & App Support
If you are a consumer using the Connect App, please attempt to login using your e-mail address and then use the Forgot Passoword feature. If that doesn't help, please contact consumer support. If you are having trouble logging in to the Dealer Toolbox App, please ensure your username has been registered by a system administrator. Once registered, you should receive an email containing a link to the app and your login credentials. If you still cannot log in: * Contact your system administrator. * Reach out to our tech support line for assistance. * Use the "Forgot Password" link on the login page to reset your credentials.

How can I find out my account login?

Category: Access & App Support
To find your account login for the **Dealer Toolbox App**, please check your email. When your dealer's admin registers your username in the Ikon Dealer Platform, we send an email containing a link to the app along with your login information. If you cannot locate this email or are unable to log in, please contact your dealership's admin (usually in Finance) or our Dealer Support line for assistance. If you are a consumer using the Ikon Connect App, your dealer should have registered you using your e-mail address. If you are unable to log in with your e-mail address, please call Ikon Consumer Support and provide your vehicle's VIN number or the IMEI number from the sticker your dealer should have placed in your driver's side door jamb.

How can Ikon benefit my customers?

Category: Access & App Support
We provide several high - value benefits to your customers that enhance their ownership experience: * **Theft Protection:** Customers receive a valuable theft recovery service featuring a **$10,000 theft benefit**. * **Dealer - Branded App:** A dedicated app that provides a seamless connection to your dealership. * **Smart Maintenance:** Automated, mileage - triggered service reminders ensure their vehicle stays in peak condition without the guesswork. * **Convenience:** Easy service scheduling directly through the app or via a live operator.

How can I make money with Ikon?

Category: Access & App Support
We provide several ways to drive profitability across your dealership: **Maximize F&I Profit** * **Non - Cancellable PVR:** Our products are "hard - add" accessories, meaning revenue is locked into front - end gross and protected from chargebacks caused by early payoffs or trades. * **High - Value Add - ons:** Features like the $10,000 theft benefit and dealer - branded app are easy to sell and wrap, typically increasing average profit per sale by $300 or more. **Boost Service Revenue** * **Smart Marketing:** We use real - time mileage data to send automated, personalized service reminders, driving more customer - pay ROs back to your bays. **Reduce Operational Costs** * **Lot Management:** Locate cars and keys in seconds to save sales time. Our system also helps reduce insurance premiums and prevents losses from vehicle theft.

How does Ikon's $10,000 theft benefit increase PVR and customer retention?

Category: Access & App Support
Our $10,000 theft benefit drives profitability and loyalty through several key mechanisms: **Increasing PVR** * **Non - Cancellable Revenue:** As a "hard - add" accessory, the benefit is locked into front - end gross at the point of sale, eliminating chargeback risks from early payoffs or trades. * **High Value Proposition:** The tangible value of the theft benefit makes it an easy product to sell and wrap, contributing $323 or more per deal to front - end gross. **Driving Retention** * **Guaranteed Repurchase Loyalty:** The benefit includes an $8,000 credit toward a replacement vehicle, which is contractually conditioned on the customer returning to your dealership. * **Long - Term Connection:** The benefit is paired with a dealer - branded app, keeping your name "top of mind" and making customers 74% more likely to buy their next vehicle from you.

where is the dealer tool box app

Category: Access & App Support
Search your App Store for Ikon Toolbox.

how can i log into to track my car

Category: Access & App Support
To log in and track your vehicle, you will use our dealer - branded **Connect app**. When your username was registered by your dealer, you should have received an email containing a link to the app along with your login information. If you have trouble logging in, please contact our Consumer Report phone line or write support@ikongps.com.

Does Ikon sell key finder to consumers?

Category:
Not currently.

What percentage of users recommend IKON?

Category: Sales & CSI
98% based on the 2022 survey. [1]

What is the impact on CSI rating?

Category: Sales & CSI
Improves CSI through a fast, tech-forward experience and smooth service handover.

How much time is saved per sale?

Category: Sales & CSI
Average 15 minutes. [4, 2, 1]

What is the reduction in lot audit time?

Category: Sales & CSI
Average 56%. [2, 1]

What is the find the car find the keys TM?

Category: Sales & CSI
A feature tracking both vehicle and key locations in one app. [4, 10, 1]

How should Coastal dealerships adapt?

Category: Regional Strategy
Reach deeper into the owner base (4+ years) via Fixed Ops. [1]

What is the focus for Sunbelt dealerships?

Category: Regional Strategy
Scale, density, and expanded service bay capacity. [1]

Why avoid wholesale auctions for used cars?

Category: Inventory Intelligence
High acquisition costs; use service lane appraisals instead. [3, 1]

Is the platform PCI DSS compliant?

Category: Implementation & Support
Yes, for secure payment and data handling. [3, 1]

Does IKON perform on-site training?

Category: Implementation & Support
Yes, for tech and departmental best practices. [3, 1]

What is the ultimate passion of IKON Technologies?

Category: Implementation & Support
"Driving Your Customers Back to Your Dealership." [3, 10, 1]

Are there dedicated support lines?

Category: Implementation & Support
Yes, for both dealers and consumers. [6, 10, 1]

What DMS systems is IKON integrated with?

Category: Implementation & Support
CDK, Dealertrack, Authenticom, F&I Express, and PEN. [12, 13, 1]

Does IKON offer a pre-paid option?

Category: Implementation & Support
Yes, for dealers who prefer upfront payment. [1]

How often does a stationary vehicle ping?

Category: Hardware & Technology
Once every 24 hours. [1]

Who installs the hardware into inventory?

Category: Implementation & Support
Ikon's professional installation team. [3, 10, 1]

Does IKON use AI?

Category: Hardware & Technology
Yes, to power customer models and predictive marketing. [1]

What is the A33 device?

Category: Hardware & Technology
A wireless, rechargeable asset tracker. [1]

Where can the A33 be installed?

Category: Hardware & Technology
Anywhere, as it is wireless and compact. [1]

How often does a moving vehicle ping?

Category: Hardware & Technology
Every 2 minutes when driving. [1]

Is the hardware plug n play and easy to install?

Category: Hardware & Technology
Yes, no wire-splicing is required, minimizing electrical risks. [1]

What kind of alerts can a consumer set?

Category: Fixed Ops & Marketing
Boundary (geofence) and Speed alerts.

Can customers view their trip history?

Category: Fixed Ops & Marketing
Yes, the app includes "My Trips" history. [9, 1]

What are the 3 automated reminders in smart marketing?

Category: Fixed Ops & Marketing
Persistent follow-ups if an appointment isn't captured after the first text. [6, 1]

How does IKON help Service maximize their ROs?

Category: Fixed Ops & Marketing
Identifies link-clickers who haven't booked for high-intent follow-up. [3, 6, 1]

Does the app offer roadside assistance?

Category: Fixed Ops & Marketing
Yes, increasing the value of the F&I sale. [1]

How does IKON help with customer retention?

Category: Fixed Ops & Marketing
By keeping the dealer's name in front of the customer for years through safety and convenience features, preventing defection to independents. [4, 9, 1]

Can dealers shop by body type in the consumer app?

Category: Fixed Ops & Marketing
Yes, they can browse your current inventory when ready for their next unit. [1]

Does IKON provide predictive mileage data?

Category: Fixed Ops & Marketing
Yes, using real-time telematics to anticipate service needs. [4, 6, 1]

Can customers schedule service directly through the app?

Category: Fixed Ops & Marketing
Yes, with one-click access to your service drive. [6, 1]

What is just in time texting?

Category: Fixed Ops & Marketing
Reminders sent exactly when mileage triggers maintenance needs. [6, 1]

Does the app display the dealership's logo?

Category: Fixed Ops & Marketing
Yes, it is 100% dealer-branded to prioritize your brand. [5, 9, 1]

What is the average engagement rate for marketing at scale?

Category: Fixed Ops & Marketing
50+ incremental appointments per month for active dealerships. [5, 6, 1]

Can the IKON BDC make calls on behalf of the dealer?

Category: Fixed Ops & Marketing
Yes, acting as an extension of your team using your scheduler. [6, 1]

What kind of campaigns can Ikon Smart Marketing run?

Category: Fixed Ops & Marketing
Standard and custom service, sales, and recall campaigns. [1]

How does IKON drive customers back to the service department?

Category: Fixed Ops & Marketing
Via a branded app and just-in-time texting based on real mileage. [9, 6, 1]

What is the average usage rate of the consumer app?

Category: Fixed Ops & Marketing
8 uses per month on average. [1]

What are smart service leads?

Category: Fixed Ops & Marketing
Notifications to the dealer when customers click text links but haven't yet scheduled. [3, 6, 1]

How many hours a day does the average customer spend on their phone?

Category: Fixed Ops & Marketing
5.4 hours, making the app prime branding real estate. [1]

Can IKON help with dealer reinsurance wealth building?

Category: Financial Engineering
Yes, via industry-lowest admin fees and fast payout schedules. [5, 1]

What is the average penetration rate for IKON devices?

Category: F&I & Profitability
63% to 67% nationwide. [9, 1]

What happens to no sale devices on the lot?

Category: Financial Engineering
100% rebated at 50% penetration; unsold trackers provide one free year of smart marketing and a year of theft recovery service and a $500 theft benefit for consumers. Everybody wins!

How does IKON help generate fast reinsurance payouts?

Category: F&I & Profitability
Through 90-day accessible cash flow cycles into the "A" account. [5, 1]

What does a tangible product mean in F&I?

Category: F&I & Profitability
A real-world service and physical app with value beyond a paper contract. [7, 1]

What is the F&I wrap opportunity?

Category: F&I & Profitability
Matching the protection term to the customer's loan/lease for additional profit. [7, 1]

Does IKON help reduce key replacement costs?

Category: F&I & Profitability
Yes, saving estimated $50,000/year for high-volume stores. [1]

What is the reported vehicle recovery rate for IKON?

Category: F&I & Profitability
99.8% recovery rate. [5, 2, 1]

How does IKON's consignment model improve floorplan liquidity?

Category: F&I & Profitability
It keeps tens of thousands in capital free until a vehicle sells. [2, 3, 1]

Can a dealer use IKON as a dealer advantage package add on?

Category: F&I & Profitability
Yes, it is often pre-installed and included in an options package (e.g., $699). [1]

How fast is the average vehicle recovery time?

Category: F&I & Profitability
18 to 30 minutes on average. [5, 2, 1]

Does the warranty cover the customer's insurance deductible?

Category: F&I & Profitability
Yes, up to $1,000 toward the insurance deductible. [8, 1]

What does hard add with no chargebacks mean?

Category: F&I & Profitability
Revenue is locked in at funding because it is a tangible physical accessory, not a service contract. [7, 1]

Is the replacement vehicle benefit portable?

Category: F&I & Profitability
No, usable ONLY at your specific dealership to guarantee a future sale. [7, 8, 1]

What is the total potential benefit for the customer in the theft warranty?

Category: F&I & Profitability
Up to $10,000 in total value. [8, 1]

How does IKON help with insurance costs?

Category: F&I & Profitability
Mitigates inventory risks and can lower both garagekeeper insurance premiums as well as consumer car insurance as a "secondary theft recovery device". Savings can be up to 15% for consumers depending on their carrier.

How much is provided for a replacement vehicle if stolen and not recovered?

Category: F&I & Profitability
$8,000 provided toward a replacement purchase for consumers, only usable at the dealer they purchased Ikon from, and $3,000 for the dealer if a vehicle is stolen off the lot.

What is the technical vulnerability of the KARR architecture?

Category: Competitive Landscape
It relies on analog sensors and invasive splicing that bypass modern encrypted CAN-bus protocols. [1]

What is the average profit added to every deal?

Category: F&I & Profitability
$323 of incremental profit per deal, but ultimately it's up to the dealer to set the price that makes sense for their market.

What is the dealer benefit in the IKON theft warranty?

Category: F&I & Profitability
The dealer receives $3,000 if a vehicle is stolen from the lot. [2, 1]