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GE Capital CDF Sees Growth in RV Shipments, Retail Registrations

September 23, 2015, 06:56 AM
Filed Under: Recreational Vehicles

Shipments and retail registrations of recreational vehicles (RVs) are both up, according to data from the Recreational Vehicle Industry Association (RVIA) and Statistical Surveys Inc. (SSI). These metrics have positive implications for the RV industry, noted Commercial Distribution Finance (CDF), a business of GE Capital and major provider of financing to the industry.

Industry shipments across North America are up 4.4 percent in 2015 compared to 2014, according to the RVIA, despite current economic headwinds in Canada. Moreover, U.S retail registrations are up 16%, according to SSI.

“Our internal CDF data support those findings,” said Tim Hyland, president of CDF’s RV group. “We’re seeing improved inventory turns year-over-year through August 2015, which points to a healthy sell-through of financed inventory. This follows year-end financial statement trends that saw improved revenues and earnings across the CDF dealer base year-over-year from 2013 to 2014.”

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