GE Capital Solutions targets MD truck market

NEW YORK — GE Capital Solutions’ transportation finance unit has launched a full range of financial solutions, from leases and loans to wholesale floor plan financing, for the medium-duty truck sector (Classes 4-7), specifically targeting operators and dealers of small- and medium-fleet sizes.

GE is working closely with truck manufacturers and dealer networks to provide best-in-class service and technology, enabling them to sell more products to customers. This company aims to become the premier provider of medium-duty truck financing by 2010.

Dan Clark, general manager of GE Capital Solutions, Transportation Finance, said, “Technology can be a real differentiator for dealerships and we have built an auto-approval system to enable medium-duty truck dealers to receive credit approval in minutes — helping them give their customers top service. Already, 50 percent of all the deals we’re seeing in the market are approved via the auto-decisioning technology.”

With more than 120,000 trucking assets already managed in the light- and heavy-duty truck sectors, GE Capital Solutions aims to be the largest independent provider in the medium-duty space.