In advance of the Recreation Vehicle Industry Association’s (RVIA) national trade show, which begins on Nov. 27, GE Capital said it is optimistic about the outlook for the RV industry.
"RV sales are often tied to economic indicators such as housing," said Tim Hyland, commercial leader of the RV group within GE Capital’s Commercial Distribution Finance (CDF) business. "With housing starts and consumer confidence trending up and a steady demand for inventory, we have good reason to believe that the RV industry will experience growth next year.”
For more than 30 years and through all business and economic cycles, CDF has supported the recreational vehicles industry with flexible inventory financing products. Inventory financing, also known as floorplan financing, allows dealers to stock, market and sell a wide variety of products from RV manufacturers. The manufacturer gets paid for shipped inventory, which allows them to offer dealers extended payment terms and more inventory to stock.
The National RV Show kicks off on Nov. 27 in Louisville, KY. Attendees are invited to visit CDF’s exhibit booth #132 in the South Wing, Lobby A at the Kentucky Exposition Center. To learn more about the event, go to http://www.rvia.org/?ESID=natshow.
"Our involvement in the RV industry hasn’t wavered, and we’re proud of the long-term relationships we have with dealers and manufacturers," Hyland continued. "We’ve always offered our customers more than just capital. Our team has decades of experience in the RV industry and our Customer Online Management System helps customers manage their accounts by giving them valuable insights."
To learn more about the ways CDF helps customers in the RV industry, visit the CDF web site www.gecdf.com/RV.
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 North America 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 http://www.gecdf.com/ or follow company news via Twitter (@GEInventoryFin) and Facebook (facebook.com/GECDF).
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital).
GE (NYSE: GE) 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. For more information, visit the company's website at www.ge.com.