EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Jan. 26, 2006--GE Commercial Finance Fleet Services has selected Black Book National Auto Research, a nationally recognized provider of wholesale pricing guidebooks, as their resale benchmark. GE will be the first fleet leasing company to benchmark used vehicle sales performance against the Black Book Commercial Index.
GE will expand the use of the Black Book guidebook to benchmark returns on commercial fleet sales. Based on extensive analysis, GE determined that Black Book Commercial Index's published pricing is the most accurate and up-to-date fleet resale guidebook available.
The Black Book Commercial Index data will also be available online to fleet managers. This provides fleet managers with a tool to benchmark their overall remarketing performance and provide an objective basis to benchmark their provider's performance.
"The Black Book Commercial Index provides greater accuracy, coverage and accessibility than current industry standards and serves as a common yardstick for measuring remarketing performance across all channels," said Brian Wright, general manager, vehicle life management at Fleet Services. "Working with Black Book gives us the ability to provide our customers with the most complete and accurate benchmark enabling them to validate our industry best performance in the marketplace."
About GE Commercial Finance Fleet Services
GE Commercial Finance Fleet Services, based in Eden Prairie, Minn., is a global fleet management company with operations in the United States, Canada, Europe, Japan, Australia and New Zealand. GE Commercial Finance is the business-to-business finance unit of General Electric. General Electric (NYSE:GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems.
Contacts
GE Commercial Finance Fleet Services, Eden Prairie
Gina Seppi, 952-828-2236
[email protected]
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340