The Canadian Automobile Dealers Association is taking a step toward helping dealers battle the rising threat of vehicle theft.

CADA is teaming with Kudelski IoT to provide a comprehensive solution powered by RecovR under the newly launched CADA 360 Security Services program.

Kudelski IoT, a division of the Kudelski Group, will collaborate with CADA to offer dealerships a system to manage their inventory and recover stolen vehicles as well as creating a theft recovery solution for dealers to offer new car buyers.

According to the Insurance Bureau of Canada the cost of insurance claims for replacing stolen vehicles in Canada soared to a record-breaking $1.5 billion in 2023, the second consecutive year auto theft claims costs have surpassed $1 billion.

From 2018 and 2021, auto theft claims costs averaged $556 million annually.

“CADA is working diligently in Ottawa to advocate for legislation that will curb the tide of stolen vehicles leaving the country,” CADA president and CEO Tim Reuss said. “By introducing this new service, we are also taking action at the dealer level to mitigate theft.”

In addition to helping dealerships handle the urgent issue of vehicle theft, the new service also provides an opportunity for dealers to sell auto theft recovery services to retail customers, generating additional revenue and profit while helping new car buyers protect their investment in a new vehicle.

The RecovR service, which employs a combination of GPS, cellular, Bluetooth and wi-fi technologies. offers consumers 24/7 monitoring of their vehicle’s location, alerts when the vehicle moves and financial benefits if a vehicle is stolen and not recovered.

RecovR is a product of the Kudelski Group.

“It’s not often that the Canadian Automobile Dealers Association endorses a specific product or service,” CADA chief financial officer and director of member services Michael Psotka said in a news release. “After extensive reviews and evaluations, and with input from our CADA 360 garage insurance committee, we have selected a product that best meets the needs of our member dealers.

“RecovR will help manage dealership inventory and recover stolen vehicles quickly and effectively. RecovR provides superior theft recovery by utilizing four different methods, ensuring coverage even if GPS signals are obstructed or if thieves attempt to jam or disable one of them.”

Kudelski IoT senior vice president of asset tracking Patrick Hauert said the partnership with CADA represents RecovR’s entry into the Canadian market.

“This collaboration underscores our commitment to providing advanced security solutions that address the critical needs of dealerships and their customers,” he said. “We look forward to helping Canadian dealers protect their valuable inventory and enhance their business operations with a unique, no-upfront-cost business model that generates incremental revenue for the dealer.”