ALD Automotive's ProFleet2 telematics system has recovered £3-million worth of stolen vehicles.
ProFleet2, which has been in operation since 2004, has been responsible for assisting the police and ALD Automotive customers recover more than 120 missing vehicles.
Rob Cohen, financial director for Morelli, said “We're really impressed with ProFleet2's stolen vehicle location facility.
"Although we use the tool primarily to help us gain a better understanding of our fleet operation and how we can improve efficiency, this added feature has saved us from potentially hefty damage costs and also helped to keep our insurance premium down.”
Rhys Harrhy, ProFleet2 development consultant for ALD Automotive, said: “For vehicles fitted without GPS functionality (pre-June 2010) our recovery results were excellent - with 50% retrieved within seven hours of the police being notified.
"With the fitment of GPS units (June 2010 onwards), recovery times were further improved with the majority of vehicles being recovered in less than an hour, significantly reducing both the stress and cost to the driver and their employer."
Harrhy added: "Having worked closely with several police teams to recover these vehicles, we can confidently say that our customers have reaped many benefits from ProFleet2's location facility.
"This includes reducing employee downtime and replacement hire costs, and in some cases cutting expenditure of company equipment.
"One self-insured customer of ours has saved more than £470k from the recovery of 19 vehicles alone."