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!

Marine Industry to See Modest Growth in 2011, GE Capital Survey Reveals - Manufacturers and dealers focus on inventory mix and smart growth (NYSE: GE)
Marine Industry to See Modest Growth in 2011, GE Capital Survey Reveals

 

NewswireToday - /newswire/ - Hoffman Estates, IL, United States, 2011/02/24 - Manufacturers and dealers focus on inventory mix and smart growth (NYSE: GE). NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Boat/Yacht/Sailboat Announcements

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


 

After navigating through rough waters for several years, the marine industry is beginning to push forward on the throttle, according to survey results released today by GE Capital, Commercial Distribution Finance (CDF) from the Miami International Boat Show. More than one-third of respondents (38%) expect sales to increase up to five percent in 2011, and 54% said that the best time for dealers to increase inventory levels is now.

“The marine industry is starting to see signs of recovery as we move past the recession,” said Jeff Malehorn, president and CEO of CDF. “Through our 40 years in the marine industry, we’ve seen many cycles and we’re optimistic about the years ahead.”

Not surprisingly, sales of lower-ticket items are rebounding faster than those of bigger-ticket items. Forty percent of survey respondents expect growth to be led by sales of aluminum boats, followed by recreation boats (17%). In contrast, boats of 30’ or more were the strongest-selling segment during the market’s peak in 2007.

“Dealers are beginning to order new inventory, but they continue to be cautious,” noted Bruce Van Wagoner, president of the CDF Marine Group. “At the same time, manufacturers want to be sure their dealers have the right product mix so everyone is focused on smart growth. They’re all paying close attention to remaining aged product, dealer credit availability and inventory turns, among other metrics.”

Nearly 70% of the responding marine dealers and manufacturers believe that the biggest hurdle facing the boating industry this year is consumer demand, and 40% said a reduced level of showroom and field inventory is the trend that will have the largest impact on the industry this year.

The Marine Industry Survey of 53 marine dealers and manufacturers was conducted on Feb. 16, 2011, at the Access GE Industry Roundtable event at the Miami International Boat Show. Respondents included marine dealers and manufacturers.

About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance provided more than $30 billion in financing to 30,000 manufacturers and their distributors across the Americas in 2010. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, e-commerce services and related financial products. For more information, visit americas.gecapital.com or follow company news via Twitter (@GEInventoryFin).

Access GE is a program that helps customers meet the challenges of tomorrow’s marketplace by leveraging the expertise of GE. GE Capital shares tools, resources, insights and learnings to help customers tackle some of their most pressing business challenges. With GE’s global industrial footprint, we face many of the same issues as our customers, and we have developed proven methodologies for addressing these critical business priorities.

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 (@GECapital).

GE (ge.com) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide.

PRESS Contact
Mark Chesney - GE Capital, Commercial Distribution Finance
P: +1 847 747 6518 or +1 847 544 9362(mobile) / E: Mark.Chesney1[.]ge.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Boat/Yacht/Sailboat 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
Boat/Yacht/Sailboat articles,
CATCH Visitors via Your Competitors Announcements!


Marine Industry to See Modest Growth in 2011, GE Capital Survey Reveals

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: Ned Reynolds - GE Capital, Americas 
+1 203-229-5717 / +1 203-837-0699(mobile) ned.reynolds[.]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.

Boat/Yacht/Sailboat 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 Boat/Yacht/Sailboat Most Recent Related Newswires:

BRP Extends its Evinrude Network of Boat Builders in Europe
GE Completes Upgrade Service to One of the World’s Most Famous Ocean Liners, Queen Mary 2
MAN Diesel Engines As Basis for Innovative Hybrid Drive System on MS Vision of The Fjords
European Premiere in Cannes for MAN's Internationally Acclaimed Yacht Engine i6-800
World’s First LNG-Powered Bulker with ME-GI Prime Mover Announced
BRP’s Evinrude Engines and Zodiac Boats Reach Agreement
The First MAN D2676 Engine for Work Boats Now Ready to Launch for Salmon Fishing in Alaska
Evinrude E-link Virtual Dashboard Offers Direct Control of Engine Features from A Mobile Device
BRP Expands New Era of Outboard Engines to New Power Range
Thales Signs OFSV Contract with Seaspan’s Vancouver Shipyards
GE Enters the Container Ship Industry, Equipping Maersk Line’s 2nd Generation Triple-E Vessels
BRP and Telwater Relationship Strengthened through New Outboard Distributor Agreement
MAN Unveils The Next Generation of Inline Six-cylinder Engines for Yachts
Nicole Haboush Joins Sovereign Marine Group
MAN Introduces Latest High-speed Diesel Engine MAN V12-1900

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com





 
  ©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)