Remarketing by GE Reaches 100,000th Milestone Mark

GE Cap­i­tal Fleet Ser­vices just sold its 100,000th cus­tomer vehi­cle through its Remar­ket­ing by GE pro­gram. The trans­ac­tion took place at Man­heim Chica­go, and the sell­er was Chica­go-based Turn­er Accep­tance Corp., a long-time cus­tomer in the pro­gram. Turn­ing over remar­ket­ing to GE’s exper­tise in vehi­cle asset dis­po­si­tion has allowed his com­pa­ny to stay focused on its core busi­ness, said Jonathon Levin, pres­i­dent of Turn­er Accep­tance Corp.

GE Cap­i­tal Fleet Ser­vices also launched an expand­ed Remar­ket­ing by GE web­site for cus­tomers. The web­site con­tent includes auc­tion sale cal­en­dars, infor­ma­tion on pro­mo­tion­al events, cus­tomer tes­ti­mo­ni­als, and a direct link to GE Cap­i­tal Fleet Ser­vices’ YouTube chan­nel.

Remar­ket­ing by GE start­ed in 2007 and has enabled more than 300 cus­tomers – includ­ing cred­it unions, inde­pen­dent finance com­pa­nies, banks, and cor­po­rate fleets – to remar­ket vehi­cles through GE Cap­i­tal Fleet Ser­vices’ team.

Remar­ket­ing can be a long, com­pli­cat­ed process, and in today’s busi­ness envi­ron­ment, it’s vital for com­pa­nies to ensure they obtain the max­i­mum return on vehi­cles sold at auc­tion.” said Paul Seger, vice pres­i­dent of Asset Remar­ket­ing at GE Cap­i­tal Fleet Ser­vices.



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