bullish
Connexion Telematics Ltd - A Step Change in Price Per User
SUMMARY
- Connexion Telematics (ASX:CXZ) is a software supplier for Courtesy Transportation Programs (CTPs) run by OEMs in the automobile space.
- General Motors (GM) in the US is CXZ’s key customer. CTPs are seen as a key marketing programme, incentivising franchise dealer groups to provide new vehicle models for customers to drive, be it for a service loan, rental or a test drive.
- Dealers are compensated for every day and mile the car is on loan, but to receive compensation, they must subscribe to the OnTRAC software powered by CXZ for audit/compliance purposes.
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- Connexion Telematics Ltd - A Step Change in Price Per User27 Feb 2023
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