Monday, February 27, 2012

GE Capital Provides Resourceful Golf And Turf Equipment Industry

GE Capital, Americas has launched a new quarterly Industry Research Update for the lawn, golf and turf equipment industries in advance of two important industry events, the Outdoor Power Equipment and Engine Service Association (OPEESA) Annual Meeting taking place Feb. 26-29 in Phoenix, and the Golf Industry Show (GIS) taking place Feb. 29-March 1 in Las Vegas.

 “Due to the mild winter weather in the Northeast, inventory turns have accelerated and financing volume is growing.”

GE Capital will be actively participating at both events. Additionally, OPEESA attendees are invited to hear Micki Turner, a human resources director with GE Capital, speak about ownership succession planning on Monday, Feb. 27, 10:15 AM-noon. That will be followed by a panel discussion with industry leaders.

The initial research report shows that the outlook for these industries is increasingly positive. “From a macro point of view, general economic and consumer indicators are steadily improving, though from weak levels,” said Serena Tse, a senior vice president and industry research manager with GE Capital. “Due to the mild winter weather in the Northeast, inventory turns have accelerated and financing volume is growing.”

The full Lawn, Golf & Turf Equipment Industry Research Update is available here: http://www.gelending.com/CDF/DealerExclusiveNewsletter_02-2012/docs/Golf_Turf_Update_1Q12.pdf

GE Capital, Americas provides inventory and retail financing that allows lawn, golf and turf dealers to stock, market and sell a wide variety of equipment and related products from manufacturers. Inventory financing, also known as floorplan financing, is an important element of a successful manufacturer-dealer business model. In addition, GE Capital’s turn-key financing program helps get equipment into consumers’ hands and offers dealers robust online account management tools.

About GE Capital, Americas

GE Capital, Americas provides loans and leases to more than 320,000 commercial customers across the U.S., Canada and Mexico, as well as 30,000 dealers in the U.S. Through decades of experience in more than 40 industries, we specialize in providing custom financing solutions to help customers expand, acquire, refinance, restructure and operate their businesses and manage their corporate vehicle fleets more efficiently. For more information, visit www.americas.gecapital.com or follow company news via Twitter (@GELendLease).

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) 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. For more information, visit the company's Web site at www.ge.com.

Source: GEnewscenter

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