GE Capital Fleet Services, CARFAX Expand Access to Vehicle Data Available to Wholesale Market
For further information: Christopher Basso, Carfax Public Relations, Phone (703) 934-2664
EDEN PRAIRIE, Minn. (Sept. 15, 2011) -- GE Capital Fleet Services has expanded its longtime relationship with Carfax to provide the wholesale market with greater access to vehicle data. Now, buyers at auction have access to more valuable information about the history of GE Capital Fleet Services' units through Carfax Vehicle History Reports. This includes vehicle sales records and service histories, plus auction-announced and accident management program damage records.
"This is a decisive choice that makes the remarketing and acquisition process better for everyone," said Paul Seger, VP Asset Remarketing at GE Capital Fleet Services. "Carfax shares our concern for proper representation of the quality and condition of our vehicles. With their help, the accuracy and detail of the information we make available to our buyers on Carfax Reports is second to none."
Since 2003, GE Capital Fleet Services has worked with Carfax to enhance the resale value of its off-lease vehicles. By choosing to expand the information reported to Carfax, GE Capital Fleet Services helps increase the reliability of structural damage disclosures and improve the integrity of future transactions.
"Carfax Vehicle History Reports are a critical tool in the wholesale market," said Dave Sutton, national director at Carfax. "When buyers and sellers have equal access to vehicle history information from a trusted third party source, the result is a more efficient market where everyone wins."
About GE Capital Fleet Services
GE Capital Fleet Services is a global fleet management company with operations in the United States, Canada, Europe, Japan, Australia and New Zealand. Visit the Web site at www.gefleet.com or follow company news 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) is an advanced technology, services and finance company taking on the world's toughest challenges. For more information, visit ge.com.
About Carfax (www.carfax.com)
Carfax is the vehicle history expert for used car buyers, sellers and the automotive industry. Carfax created the Vehicle History Report in 1986 and is trusted by dealerships across North America to help acquire, advertise and retail used cars. Carfax is integrated with over 250 acquisition and inventory companies and is the vehicle history provider of choice for 31 manufacturer Certified programs plus 2,000 automotive Web sites. Online shoppers view Carfax® Vehicle History Reports™ included with dealer listings more than 85 million times a year to buy with more confidence. Become a Carfax Advantage™ dealer or learn how Carfax can help your dealership win by visiting www.carfaxonline.com.
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