Fleet News

Tracker cuts its losses

TRACKER Network, the manufacturer of systems which aid police in recovering stolen vehicles, anticipates a profitable trading year after cutting first half pre-tax losses from £1.147 million to £164,000. Interim results for 1996 reveal turnover of the stolen vehicle recovery product rose by 20.3%, bringing the total number of units sold since trading began in September 1993, to more than 89,000. At the same time gross profit improved to £2.147 million from £864,000 in the comparable period last year.

The resulting losses were incurred after distribution and administrative expenses, but Tracker Network chairman Ralph Kanter anticipated a profitable year of trading in 1996.

More than 1,370 stolen vehicles have been recovered as a result of Tracker and all 51 mainland police forces have police tracking computers fitted to their patrol and area cars, while 20 tracking computers are now installed in police helicopters and fixed wing aircraft with many more in fixed sites such as major motorway junctions and ports.

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