Outdoor Products Industry Having Strong Year, Says Commercial Distribution Finance
August 25 2015 - 8:00AM
Business Wire
The outdoor products industry, which includes lawn, garden and
agriculture equipment, is experiencing healthy growth, according to
dealer performance data from Commercial Distribution Finance (CDF),
a business of GE Capital. CDF dealer financing volume is up over
12% through June, indicating dealers are ordering more product to
meet increasing demand. Dealer inventory turnover is running at a
strong annual rate of over 2.5X.
“Although parts of the country are experiencing drought
conditions, there has been sufficient rainfall this spring and
early summer to help propel sales in the lawn and garden and
agriculture categories,” said Mike Horak, president of CDF’s
outdoor products group. “Additionally, manufacturers have launched
an array of new products that is helping to drive sales, and
dealers are doing an excellent job managing their inventory, which
is always tough in a seasonal business influenced by weather.”
CDF customers have access to an online inventory management
tool, COMS, which gives them detailed information on their
inventory. This tool also provides insights about particular
products so they can easily see which products are selling.
“We’ve worked closely with our customers to develop custom
financing solutions to help them be successful,” said Horak. “Based
on the first half of the year, we expect the growth will continue
and most dealers will have an overall successful year.”
About Commercial Distribution Finance
Commercial Distribution Finance (CDF) provided $46 billion in
financing for more than 40,000 dealers and more than 2,000
distributors and manufacturers globally in 2014. CDF operates in 60
countries and provides inventory financing solutions, service and
intelligence through in-depth industry expertise and commitment.
Programs include inventory and accounts receivable financing,
asset-based lending, private label financing, collateral
management, and related financial products. For more information,
visit gecdf.com or follow company news via Twitter
(GEInventoryFin).
GE (NYSE:GE) imagines things others don’t, builds things others
can’t and delivers outcomes that make the world work better. GE
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company can. In its labs and factories and on the ground with
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GE CapitalTara Lambropoulos,
312-802-9712tara.lambropoulos@ge.com
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