PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GE Capital Provides Outlook on Canadian RV, Motorsports and Marine Industries - Audiocast features Recreational Vehicle Dealers Association chairman
GE Capital Provides Outlook on Canadian RV, Motorsports and Marine Industries

 

NewswireToday - /newswire/ - Mississauga, Ontario, Canada, 2012/07/31 - Audiocast features Recreational Vehicle Dealers Association chairman. NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

GE Capital, Commercial Distribution Finance (CDF) has released its outlook for the Canadian recreational vehicle (RV), motorsports and marine industries. In general, each is performing well, with volume growth and relatively healthy inventory turns, in spite of some regional variations.

CDF provides inventory financing, also known as floorplan financing, that allows dealers to stock, market and sell a wide variety of products from manufacturers, including those in the RV, motorsports and marine industries. It’s an important element of a successful manufacturer-dealer business model.

As a result of its longstanding position as the leading financing provider to Canadian manufacturers and distributors and their dealers, CDF periodically provides market intelligence that may help companies throughout the supply chains to manage their businesses.

Recreational vehicles
The outlook for the Canadian RV industry is positive in light of solid overall unit sales, respectable inventory turns and the continuing strength of the national economy.

“There has been a positive increase in orders by Canadian RV dealers,” said Howard Shiebler, president and CEO of CDF in Canada. “Another encouraging and related health barometer for the industry is that the national level of dealer inventory aged over one year is just 16%.”

CDF has released an audiocast, titled “Performance of the RV Industry in Canada,” that features a discussion between CDF’s Shiebler and Garth Bromley, chairman of the Recreational Vehicle Dealers Association (RVDA) of Canada. They discuss their optimistic outlook for the RV industry and factors impacting the market, including the health of the Canadian economy, regulatory issues and RV imports. To listen, visit CDF’s Facebook page here: facebook.com/GECDF.

Motorsports
In the motorsports industry, dealers have stocked conservatively and aging overall is healthy at 12%. However, British Columbia, Alberta and the Maritimes are still holding extra inventory from snow-related products that didn’t sell over the winter.

“Across the country, motorsports dealers have been very thoughtful in their ordering patterns, probably due to concerns about consumer debt levels and the overall economic environment,” Shiebler said. “Nevertheless, household debt levels are reasonable and our view of the motorsports industry remains positive.”

Marine
Wholesale shipments through the end of May increased by double digits compared to the same period in 2011, driven largely by the West. Reflecting these higher order levels, the overall inventory of aluminum and fiberglass units has reached three-year highs. And, while inventory-aging levels are starting to increase across the country, they’re still within an acceptable range.

“We know that dealers practice a delicate balancing act when it comes to stocking levels,” Shiebler said. “We work with manufacturers and their dealer customers to help them make the most of Canada’s short selling season to ensure that they have enough credit capacity to have the right product mix on hand. And of course we’ll continue to share performance benchmarks and strategies on budget management to help dealers across the country be as productive as possible.”

About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance provided nearly $32 billion in financing for more than 30,000 manufacturers, dealers and distributors across the U.S. and Canada in 2011. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management and related financial products. Customers have access to exclusive online tools and analytics to manage their accounts and inventory. For more information, visit gecdf.com/or follow company news via Twitter (@GEInventoryFin).

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter.

GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive/Trucking/RV articles,
CATCH Visitors via Your Competitors Announcements!


GE Capital Provides Outlook on Canadian RV, Motorsports and Marine Industries

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GE News Center |
Publisher Contact: Lisa Tibbitts - GE Capital, Americas 
+1 203-956-4582 / 203-803-6142 (mobile) lisa.tibbitts[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Automotive/Trucking/RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From General Electric Company / Company Profile


Read Automotive/Trucking/RV Most Recent Related Newswires:

Car Washing System Market to Witness Comprehensive Growth by 2026 Reports Persistence Market Research
Autonomous and Connected Technologies to Decrease Transportation Costs to Under 1$ per Mile According to Frost & Sullivan
New Business Models and Aging Car Market Boost UK Automotive Aftermarket Finds Frost & Sullivan
Sales of Automotive Filters Set to Rake in US$ 17.6B by 2025 Reports Persistence Market Research
Voyages Emile Weber, Losch Luxembourg and MAN Collaborate on Emissions-free Public Transport System
Frost & Sullivan Announces Cooperation with Messe Frankfurt
The NEOPLAN Skyliner is Celebrating An Anniversary - 50 Years of The Double-decker Touring Coach
Hitachi Joins Shell Eco-marathon to Help #MaketheFuture
First MAN TGX PerformanceLine Edition Delivered - No 001 For BFS/Stegmaier Group
New Business Models and Service Expansion in European Automotive Aftermarket eRetail Strengthen Growth Opportunities Finds Frost & Sullivan
Vehicle Parc and Market Dynamics Transform KSA Automotive Aftermarket, Forcing Vendors to Change Their Business Approach
First MAN TGX EfficientLine 3 Goes to Spedition Hillert
NEOPLAN Tourliner Wins iF Design Award 2017
Field Testing the New MAN Six-cylinder Naturally Aspirated Engine for Cogeneration Systems
Turkish Medium- and Heavy-duty Truck Manufacturers to Increase Production Volumes and Quality to Meet Evolving User Demands Finds Frost & Sullivan

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Persistence Market Research (P) Ltd

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)