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Press release from Business Wire

GE Capital Fleet Services Reaches 100,000 Vehicle Remarketing Milestone

Tuesday, August 06, 2013

GE Capital Fleet Services Reaches 100,000 Vehicle Remarketing Milestone

08:00 EDT Tuesday, August 06, 2013

EDEN PRAIRIE, Minn. (Business Wire) -- GE Capital Fleet Services today 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.

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.

About GE Capital, Fleet Services

GE Capital Fleet Services, based in Eden Prairie, Minn., is a global fleet management company with operations or alliances in the United States, Canada, Mexico, Europe, Japan, Australia and New Zealand. Visit the web site at gefleet.com or follow the company's eco news and updates via Twitter (@GEFleetSvcs)

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.

GE Capital, Americas
Allison Perkins, 203-229-1447
allison.perkins@ge.com
or
GE Capital, Fleet Services
Sherri Ruesink, 952-828-2875
sherri.ruesink@ge.com

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