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GE Capital Sees Upbeat Boating Industry Leading to MDCE

November 15, 2013, 07:30 AM
Filed Under: Dealer Finance

Marine manufacturers and dealers are upbeat about their industry as the U.S. selling season comes to a close, according to GE Capital's Commercial Distribution Finance (CDF) business.

The positive sentiment is expected to be reflected in the mood at the Marine Dealer Conference & Expo (MDCE), which will be held Nov. 17-20 in Orlando, FL. Sponsored by the Marine Retailers Association of the Americas (MRAA), the event gathers together marine dealers to learn the industry's latest trends and best practices.

Bruce Van Wagoner, president of CDF's Marine Group, noted increases in both volume and outstanding credit line usage compared to 2012. At the same time, inventory aging and credit losses remain low.

"Exciting new product introductions as well as increasing pre-owned sales and trade-ins led to healthy consumer demand this year," Van Wagoner said. "That's reflected in inventory turns of nearly 2.5 times year over year."

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