Latest news with #LoJack
Yahoo
27-05-2025
- Automotive
- Yahoo
Used Car Buyers Pay an Average of $640 in Hidden Fees — Here's How To Avoid Them
Many car buyers opt for used cars over new ones for the cost savings — but even used vehicles now cost a pretty penny. According to the latest data from Edmunds, the average transaction price for a 3-year-old used vehicle is now $30,522, marking the first time this figure has surpassed $30,000 since 2023. Be Aware: Check Out: Unfortunately, hidden fees often add to the already high costs used car buyers are paying. A new report from CoPilot found that hidden fees add an extra $640 on average to car prices. Here are the most common hidden fees used car buyers should watch out for, plus, how they can avoid them. Used car buyers often encounter hidden fees in the context of 'bait-and-switch pricing.' 'The reason this is misleading is that these fees are on top of the advertised price and are not disclosed before the consumer gets into the dealership — and often not until the very end of their time in the dealership,' said Pat Ryan, CEO of CoPilot. 'The lower advertised price 'baits' the consumer to go into the dealership, and then the price is 'switched' to a higher price in order to actually be able to purchase the car. This is important because the same consumer's leverage is strongest before they go into the dealership, and the leverage shifts to the dealer once they get into the dealership.' Read More: There are two types of hidden fees that fall into this 'bait-and-switch' pricing tactic, the first of which is illegitimate fees. 'These are charges that dealers add to the bottom line price to buy the car that are designed to increase dealer profitability on the car,' Ryan said. 'Some common examples include market adjustment fees, reconditioning fees and exterior paint protection.' The other type are excessive fees. 'These are charges for standard services or vehicle accessories, but the amount that the dealer is charging for them is excessive and above the typical average for their state,' Ryan added. 'Some common examples include license fees and plate fees, the amount of which is capped by the state and cannot exceed a certain amount.' Buyers should also be wary of 'extras' a dealer will try to upcharge you for during the buying process. 'Another common bait-and-switch pricing trap to look out for is when dealers charge for add-on equipment and service packages that the customer did not ask for, nor that were included in the advertised price of the car,' Ryan said. 'For example, these can include extra accessories like LoJack and exterior or interior protection, or unsolicited services like oil changes or extended warranties.' The best way to avoid hidden fees is to find a dealership you can trust. 'Car shoppers should start by finding a dealer who believes in being honest and transparent,' Ryan said. 'The most important step they can take is to email or call the dealer and ask for the out-the-door price in writing before going to the dealer in person to ensure that price does not include any illegitimate or excessive fees. 'If you visit the dealer without a commitment from them on an out-the-door price, you will lose your leverage in the negotiation process.' Buyers should also do research before going to the dealer so they know which fees are mandatory, and what these fees cost where they live. 'Then you'll be prepared when you see an itemized breakdown of charges, and be able to push back on any charges that seem unnecessary or higher than average,' Ryan said. Don't be afraid to push back on any fees that you believe are too high or unnecessary. 'If a dealer is unwilling to negotiate, feel free to call them out by saying something like, 'It feels like you're trying to bait-and-switch me with this price,'' Ryan said. 'If they still won't budge, that can be a telling sign about the way they do business.' More From GOBankingRates 10 Genius Things Warren Buffett Says To Do With Your Money This article originally appeared on Used Car Buyers Pay an Average of $640 in Hidden Fees — Here's How To Avoid Them Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-03-2025
- Business
- Yahoo
UPDATE - CalAmp Announces Headquarters Relocation to Carlsbad, CA to Streamline Operations and Strengthen Technical Hub
CARLSBAD, Calif., March 27, 2025 (GLOBE NEWSWIRE) -- CalAmp, a global technology solutions innovator, today announced the relocation of its corporate headquarters from Irvine, CA, to Carlsbad, CA. This strategic move is designed to streamline operations and further align the company's focus on its core technical hub, where much of its engineering, product development, and hardware expertise reside. 'Our move to Carlsbad is a natural evolution in our journey to optimize efficiency and reinforce our commitment to innovation,' said Chris Adams, President and CEO of CalAmp. 'Carlsbad has long been home to our talented engineering and product teams, making it the ideal location to centralize our operations and drive technological advancements that improve our customers' lives.' CalAmp's new headquarters will be housed in its existing Carlsbad office, a well-established center for the company's research and development initiatives. The relocation underscores CalAmp's commitment to fostering innovation and enhancing collaboration among its technical teams. While the headquarters moves to Carlsbad, CalAmp will maintain its additional offices worldwide, including locations in Eden Prairie, MN; Brooklyn, NY; London, UK; Milan, Italy; Paris, France; Madrid, Spain; and Mexico City, Mexico. These offices will continue to support CalAmp's global customers and partners with the high-quality service and solutions they expect. 'This transition allows us to better leverage our strengths and position ourselves for future growth,' Adams added. 'By consolidating our leadership and technical expertise in Carlsbad, we are creating an environment where innovation thrives and where we can better serve our customers.' For more information about CalAmp and its technology-driven solutions, visit About CalAmp CalAmp provides flexible solutions to help organizations worldwide monitor, track, and protect their vital assets. Our unique device-enabled software and cloud platform enables commercial and government organizations worldwide to improve efficiency, safety, visibility, and compliance while accommodating the unique ways they do business. With over 10 million active edge devices and 220+ approved or pending patents, CalAmp is the telematics leader organizations turn to for innovation and dependability. For more information, visit or LinkedIn, Twitter, YouTube or CalAmp Blog. CalAmp, LoJack, TRACKER, Here Comes The Bus, Bus Guardian, CalAmp Vision, CrashBoxx and associated logos are among the trademarks of CalAmp and/or its affiliates in the United States, certain other countries and/or the EU. Spireon acquired the LoJack® U.S. Stolen Vehicle Recovery (SVR) business from CalAmp and holds an exclusive license to the LoJack mark in the United States and Canada. Any other trademarks or trade names mentioned are the property of their respective owners. CalAmp Investor Contact: CalAmp Media Contact: Jikun Kim Mark Gaydos SVP & CFO Chief Marketing Officer ir@ Mgaydos@ in to access your portfolio
Yahoo
26-03-2025
- Business
- Yahoo
CalAmp Announces Headquarters Relocation to Carlsbad, CA to Streamline Operations and Strengthen Technical Hub
CARLSBAD, Calif., March 26, 2025 (GLOBE NEWSWIRE) -- CalAmp, a global technology solutions innovator, today announced the relocation of its corporate headquarters from Irvine, CA, to Carlsbad, CA. This strategic move is designed to streamline operations and further align the company's focus on its core technical hub, where much of its engineering, product development, and hardware expertise reside. 'Our move to Carlsbad is a natural evolution in our journey to optimize efficiency and reinforce our commitment to innovation,' said Chris Adams, President and CEO of CalAmp. 'Carlsbad has long been home to our talented engineering and product teams, making it the ideal location to centralize our operations and drive technological advancements that improve our customers' lives.' CalAmp's new headquarters will be housed in its existing Carlsbad office, a well-established center for the company's research and development initiatives. The relocation underscores CalAmp's commitment to fostering innovation and enhancing collaboration among its technical teams. While the headquarters moves to Carlsbad, CalAmp will maintain its additional offices worldwide, including locations in Eden Prairie, MN; Brooklyn, NY; London, UK; Milan, Italy; Paris, France; Barcelona, Spain; and Mexico City, Mexico. These offices will continue to support CalAmp's global customers and partners with the high-quality service and solutions they expect. 'This transition allows us to better leverage our strengths and position ourselves for future growth,' Adams added. 'By consolidating our leadership and technical expertise in Carlsbad, we are creating an environment where innovation thrives and where we can better serve our customers.' For more information about CalAmp and its technology-driven solutions, visit About CalAmp CalAmp provides flexible solutions to help organizations worldwide monitor, track, and protect their vital assets. Our unique device-enabled software and cloud platform enables commercial and government organizations worldwide to improve efficiency, safety, visibility, and compliance while accommodating the unique ways they do business. With over 10 million active edge devices and 220+ approved or pending patents, CalAmp is the telematics leader organizations turn to for innovation and dependability. For more information, visit or LinkedIn, Twitter, YouTube or CalAmp Blog. CalAmp, LoJack, TRACKER, Here Comes The Bus, Bus Guardian, CalAmp Vision, CrashBoxx and associated logos are among the trademarks of CalAmp and/or its affiliates in the United States, certain other countries and/or the EU. Spireon acquired the LoJack® U.S. Stolen Vehicle Recovery (SVR) business from CalAmp and holds an exclusive license to the LoJack mark in the United States and Canada. Any other trademarks or trade names mentioned are the property of their respective owners. CalAmp Investor Contact: CalAmp Media Contact: Jikun Kim Mark Gaydos SVP & CFO Chief Marketing Officer ir@ Mgaydos@
Miami Herald
23-03-2025
- Automotive
- Miami Herald
Apple product used in new program to cut down on auto theft
Theft has always been a part of the human condition. Long before Moses got the inspiration to bring the 10 commandments to the people, stealing was a facet of everyday life. The only thing that has changed with time is the sophistication with which thieves steal. Get expert insights and actionable trade alerts from veteran investing experts and hedge fund managers. Join TheStreet Pro today and get the first month FREE According to the National Insurance Crime Bureau, over 1 million vehicles were stolen in the U.S. in 2023. But the news isn't all bad; there was a 17% reduction in 2024, marking the first time vehicle thefts fell below 1 million since 2021 and the largest decrease in 40 years. "The overall decrease in stolen vehicles nationwide is a testament to the hard work and collaboration between law enforcement, multi-jurisdictional auto theft task forces, governing bodies, vehicle manufacturers, and NICB," said David J. Glawe, President and CEO of NICB. Related: Hyundai, Kia face a surprising lawsuit on growing problem "Collectively, these groups used data and intelligence to develop actionable strategies to help local authorities investigate and prosecute offenders and to prevent vehicle theft from occurring in the first place." While car thefts are down nationally, that good news hasn't filtered down to every municipality equally. Some districts are facing an epidemic of car thefts, so police departments are turning to high-tech solutions to combat the problem. This week, the Denver Police Department said it would provide a total of 450 Apple AirTag tracking devices for free between March 19 and March 21. A four-pack of Apple AirTags retails for about $100. The move is part of the department's DenverTrack program, which preauthorizes the DPD to work with the GPS information provided by the vehicle owner through their AirTags, LoJack, or other vehicle GPS services. Car theft victims enrolled in DenverTrack are told to call 911 to report their vehicle stolen and inform the call taker that their vehicle is registered. The vehicle owner then provides the responding officer with the vehicle's tracked location. To alleviate security concerns, the department emphasizes that they can't track a vehicle without the owner's express written consent. They also note that some companies will not share real-time GPS info with law enforcement without a subpoena. While the Denver metro area is experiencing the same decline in car thefts that the rest of the country is, hundreds of vehicles are still boosted every month. More Auto News: As Tesla stock plunges, burning questions surround Elon MuskTesla mega bull sounds the alarm on Elon Musk's leadershipEuropean tech companies reveal strategy to take on Elon Musk The city is averaging more than 430 car thefts per month, which breaks down to about 14 per day. While this may sound like a lot, it is a drastic improvement from the 711 per month the city average in 2024, and much less than the 991 per month the city averaged in 2023, according to The majority of car thefts in the city occur between the hours of 4 p.m. and midnight. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
17-03-2025
- Automotive
- Yahoo
CalAmp to Attend North American Snow Conference in Grand Rapids, Michigan, April 6-9
CARLSBAD, Calif., March 17, 2025 (GLOBE NEWSWIRE) -- CalAmp, a leading provider of connected solutions for the transportation, logistics, and government sectors, is excited to announce its participation in the 2025 North American Snow Conference, taking place in Grand Rapids, Michigan, from April 6-9. As a premier event for local government professionals, the conference provides a unique opportunity for attendees to engage with industry leaders, explore cutting-edge educational sessions, and discover innovative solutions to enhance snow and ice management practices. CalAmp will be showcasing its latest technologies at Booth 1111, where attendees can learn about the company's advanced connected solutions for snow removal, fleet management, and asset tracking. The company's solutions are designed to help municipalities optimize operations, improve efficiency, and ensure the safety of citizens during winter weather events. "We are excited to be attending the North American Snow Conference and connecting with local government professionals who are focused on improving snow and ice management," said Paul Washicko, GM of Telematics Solutions at CalAmp. "The conference offers a unique platform for sharing our innovative solutions and demonstrating how our technologies can help municipalities streamline operations, reduce costs, and ultimately provide better service to their communities." The North American Snow Conference is renowned for its educational sessions, covering the latest trends, technologies, and best practices in snow and ice management. Attendees will have the opportunity to network with peers, exchange ideas, and explore cutting-edge solutions that can drive efficiency and safety in their snow removal operations. For more information about CalAmp and its student transportation solutions, visit About CalAmp CalAmp provides flexible solutions to help organizations worldwide monitor, track, and protect their vital assets. Our unique device-enabled software and cloud platform enables commercial and government organizations worldwide to improve efficiency, safety, visibility, and compliance while accommodating the unique ways they do business. With over 10 million active edge devices and 220+ approved or pending patents, CalAmp is the telematics leader organizations turn to for innovation and dependability. For more information, visit or LinkedIn, Twitter, YouTube or CalAmp Blog. CalAmp, LoJack, TRACKER, Here Comes The Bus, Bus Guardian, CalAmp Vision, CrashBoxx and associated logos are among the trademarks of CalAmp and/or its affiliates in the United States, certain other countries and/or the EU. Spireon acquired the LoJack® U.S. Stolen Vehicle Recovery (SVR) business from CalAmp and holds an exclusive license to the LoJack mark in the United States and Canada. Any other trademarks or trade names mentioned are the property of their respective owners. CalAmp Investor Contact: CalAmp Media Contact: Jikun Kim Mark Gaydos SVP & CFO Chief Marketing Officer ir@ Mgaydos@ in to access your portfolio
