GE Capital issues report on Canadian marine industry
GE Capital's Commercial Distribution Finance business released its outlook for the Canadian marine, recreational vehicle and motorsports industries.
In general, each is performing well, with volume growth and relatively healthy inventory turns despite some regional variations, according to GE Capital.
Wholesale shipments through the end of May increased by double digits compared to the same period in 2011, driven largely by western Canada.
Reflecting these higher order levels, the overall inventory of aluminum and fiberglass units has reached three-year highs. Although inventory-aging levels are starting to increase across the country, they're still within an acceptable range.
"We know that dealers practice a delicate balancing act when it comes to stocking levels," Howard Shiebler, president and CEO of Commercial Distribution Finance in Canada, said in a statement. "We work with manufacturers and their dealer customers to help them make the most of Canada's short selling season to ensure that they have enough credit capacity to have the right product mix on hand. And, of course, we'll continue to share performance benchmarks and strategies on budget management to help dealers across the country be as productive as possible."
GE Capital Commercial Distribution Finance provided nearly $32 billion in financing for more than 30,000 manufacturers, dealers and distributors across the U.S. and Canada in 2011.
