Commercial Distribution Finance Seeing Strong Powersports Industry Growth
28 July 2015 - 10:00PM
Business Wire
Dealers using online mapping to spot expansion opportunities
through Dealer Insights Portal
The powersports industry, which includes motorcycles,
all-terrain vehicles (ATV), utility-terrain vehicles (UTVs),
snowmobiles, and personal watercraft, is robust and continues to
grow according to dealer performance data from Commercial
Distribution Finance (CDF), a division of GE Capital.
CDF dealer financing volume is up 12% through June, indicating
dealers are ordering more product to meet increasing consumer
demand. Dealer inventory turnover is running at a strong annual
rate of over 2X, and aged inventory over 18 months old, is also
healthy at under 6% of total portfolio.
“Industry growth is coming from a steadily improving economy and
from innovative product offerings from our manufacturing partners,
attracting new riders,” said Jeremy Jansen, president of CDF’s
motorsports group. “Also, dealers are doing a great job of
balancing the right amount of inventory for the increase in
demand.”
Jansen was named president of CDF motorsports in May and has
been with GE Capital since 1999.
CDF dealers are able to obtain information on their inventory
and how they are faring against their peers through Dealer
Insights, an online portal designed to give motorsports dealers
relevant information on inventory, demographics and financing to
help guide business decisions.
“We are continually investing in our Dealer Insights portal to
provide the dealers with information to help them grow their
business,” said Jansen. “This latest offering, an interactive
marketing map allows dealers to identify key local geographies
where highest growth rates are expected, allowing for very targeted
marketing or advertising campaigns.”
For more than 35 years and through all business and economic
cycles, CDF has supported the motorsports industry. Inventory
financing, also known as floorplan financing, is an important
element of a successful manufacturer -dealer business model. In
addition to financing, CDF offers customers a robust array of
detailed performance metrics and real-time statistics, as well as
its Customer Online Management System (COMS), which provides
streamlined account management.
About Commercial Distribution Finance
Commercial Distribution Finance (CDF) provided $46 billion in
financing for more than 40,000 dealers and more than 2,000
distributors and manufacturers globally in 2014. CDF operates in 60
countries and provides inventory financing solutions, service and
intelligence through in-depth industry expertise and commitment.
Programs include inventory and accounts receivable financing,
asset-based lending, private label financing, collateral
management, and related financial products. For more information,
visit gecdf.com or follow company news via Twitter
(GEInventoryFin).
GE (NYSE:GE) imagines things others don’t, builds things others
can’t and delivers outcomes that make the world work better. GE
brings together the physical and digital worlds in ways no other
company can. In its labs and factories and on the ground with
customers, GE is inventing the next industrial era to move, power,
build and cure the world. www.ge.com
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GE CapitalTara Lambropoulos,
312-802-9712tara.lambropoulos@ge.com
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