BoatTrader.com and GE Capital's Commercial Distribution Finance announced an agreement that gives authorized marine retailers an opportunity to purchase current and non-current repossessed boats through CDF.
"Today's market and economic conditions have led to above-average levels of inventory," said Bruce Van Wagoner, CDF marine president, in a statement. "This is driving the need for CDF to liquidate inventory quickly through the wholesale channel."
CDF will offer these units to the wholesale channel through the recently launched wholesale tab in Boat Trader's Inventory Management Tool. Marine dealers in the Boat Trader network will have immediate access to the wholesale tab, where they can view, inspect and purchase these units.
"Boat Trader's dealer network is nearly 3,000 strong, and we are excited to help companies like GE CDF to market repossessed inventory to the wholesale purchaser," said David Bingham, general manager of BoatTrader.com, in a statement. "Dealers have requested access to purchase repossessed units from CDF in the past, and this offering is in direct response to that request."
Boat Trader will also help dealers that purchase wholesale units in their promotional efforts.
Marine retailers not presently with BoatTrader.com are invited to join the network to showcase their inventory to more than 1.5 million consumers each month and gain immediate access to GE Capital, CDF's wholesale inventory. And, for a limited time, Boat Trader is offering a dealer gallery banner to GE dealers that sign up.