Connexion Telematics Ltd - A Step Change in Price Per User

378 Views27 Feb 2023 10:40

Issuer-paid

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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