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!

Recreational Vehicle Manufacturers and Dealers See Increased Sales & Growing Consumer Enthusiasm Says GE Capital - Consistent with more positive outlook of U.S. middle market businesses [NYSE: GE] - GECDF.com / GECapital.com
Recreational Vehicle Manufacturers and Dealers See Increased Sales & Growing Consumer Enthusiasm Says GE Capital

 

NewswireToday - /newswire/ - Chicago, IL, United States, 2013/09/04 - Consistent with more positive outlook of U.S. middle market businesses [NYSE: GE] - GECDF.com / GECapital.com. 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!


 

Recreational vehicle (RV) manufacturers are seeing double-digit growth and RV dealers are selling through products at an increasing rate, said GE Capital, Commercial Distribution Finance (CDF).

That’s consistent with the positive activity seen in the U.S. middle market overall, according to the National Center for the Middle Market (NCMM), a partnership between GE Capital and The Ohio State University Fischer College of Business. The mid-market consists of approximately 200,000 companies with revenues of $10 million to $1 billion, which includes many participants in the RV industry.

“As the U.S. economy continues to experience slow and consistent growth, growing consumer confidence is spurring retail sales of RVs,” said Tim Hyland, president of CDF’s RV group. “We expect that the industry will remain on a growth trajectory through the 2014 selling season. That’s supported by the information gathered by the NCMM.”

Despite harsh weather in the spring that affected retail activity in some regions, RV dealers are turning their inventory at a healthy rate of more than 2X. Turnover is a ratio showing how many times a dealer's inventory is sold and replaced annually. Another measure of dealer health is aging the ratio of inventory less than one year old to the amount greater than one year old. This ratio shows that aging has steadily declined over the past two years, maintaining a very positive level of less than 10 percent.

The mid-market reported sustained increases in revenues and employment during the second quarter, reversing declines seen earlier in the year, said the NCMM in its second quarter Middle Market Indicator. Stabilizing top-line growth and increased employment are fortifying optimism in the RV industry and in the broader economy.

Strong and lasting growth and revenue performance in the middle market is fueling increased confidence in the national and global economies. Business leaders expect revenue growth to continue, and they expect to add jobs at a more rapid pace over the next 12 months.

“Dealers have been prudent in their stocking behavior over the past several years,” Hyland noted,“but we’re seeing signs that they are gaining confidence, which aligns with the overall sentiment in the mid-market. As a result, the ordering and stocking levels may increase as dealers seek to avoid missing sales opportunities in a market that continues to improve.”

CDF has supported the RV industry with flexible inventory financing products for more than 30 years. Inventory financing, also known as floorplan financing, allows dealers to stock, market and sell a wide variety of products from RV manufacturers.

CDF also tracks trends in the RV industry related to inventory finance through its network of independent dealers, then reports on those trends to create awareness and understanding of market dynamics. It has significantly expanded its analysis over the past several years; it now provides manufacturers and their dealer customers with a robust array of performance statistics, which are available via CDF’s proprietary online business intelligence tools.

About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance (gecdf.com) provided nearly $31 billion in financing for more than 33,000 dealers and 2,000 distributors and manufacturers in the U.S. and Canada in 2012. 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.

GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services.

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.

Contact
Ned Reynolds, GE Capital, Americas
P: +1 203 229 5717 / M: +1 203 837 0699
E: ned.reynolds[.]ge.com.

 
 
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!


Recreational Vehicle Manufacturers and Dealers See Increased Sales & Growing Consumer Enthusiasm Says GE Capital

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 | Recreational Vehicle
Publisher Contact: Lisa Tibbitts - GE Capital Americas 
203-956-4582 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:

The NEOPLAN Skyliner Has Been Awarded The ‘International Busplaner Sustainability Prize 2017’
First Transports in Networked Trucks - DB Schenker and MAN Agree on Platooning Project
MAN Truck & Bus Are Placing the New MAN TGE Under Static Scrutiny As Part of A Van Bodybuilders’ Day Today
MAN Lion's Intercity is Russia’s Intercity Bus of the Year
Enel and Nissan Present First All-inclusive Electric Mobility Solution
MAN Truck & Bus Korea Launched MAN Lion’s Touring - The First and Only Cabriolet Bus for Sightseeing Tours in Korea
Influx of Cheap Imports Floods the Automotive Filter Aftermarket Says Frost & Sullivan
BASF Introduces Latest Robust Connectors for Automotive Wire Harnesses
Man Group Announces 100 NEOPLAN Skyliner Coaches for Rome
BASF Introduces Synthetic Leather Made with Elastollan® - Makes Car Seats More Comfortable
Frost & Sullivan Acclaims Federal-Mogul Motorparts' Visionary Solutions and Growth Strategies for the North American Automotive Aftermarket
Borealis and Borouge Showcase Lightweight Solutions with the 2016 European Car of the Year At K Fair
BASF - Charge Air Duct Made from The High-temperature Polyamide Ultramid® Endure BM for Blow Molding
MAN Announces First Major Order from Tbilisi
BASF and Hyundai Motor Showcase RN30 Concept Car At K Fair

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  Triggr & Bloom





 
  ©2016 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)