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GE Capital Fleet Services Reaches 100,000 Vehicle Remarketing Milestone

August 06, 2013 - Press Release

GE Capital Fleet Services announced a major milestone with the sale of its 100,000th customer vehicle through its Remarketing by GE program.

Launched in 2007, Remarketing by GE has enabled more than 300 customers nationwide—including credit unions, independent finance companies, banks, and corporations with owned fleets—to outsource the disposition of automotive assets to GE Capital Fleet Services’ team of professional automotive remarketers.

“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”

The milestone vehicle was sold at Manheim Chicago, a wholesale vehicle auction operation, and the seller was the Chicago-based Turner Acceptance Corporation, a long-time Remarketing by GE customer.

“GE’s expertise in vehicle asset disposition has allowed us to remain focused on our core business: lending to and serving our customers,” said Jonathon Levin, president of Turner Acceptance Corporation. “We truly appreciate the relationship we have with GE Capital Fleet Services, both locally and across the country.”

“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. “Our dedicated and experienced team looks forward to continuing the growth of this vital program for our customers.”

GE Capital Fleet Services also announced the launch of 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.

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