GE Commercial Finance Fleet Services Launches Vehicle Replacement Product

EDEN PRAIRIE, Minn.--Feb. 1, 20051, 2005--GE Commercial Finance Fleet Services has introduced Time2Sell(SM), a web-based vehicle replacement product that can deliver significant savings to fleet customers. Time2Sell(SM) applies powerful analytics to Fleet Services' comprehensive database to help customers make better, more informed, vehicle replacement decisions.

Time2Sell(SM) recommends the best month to sell individual vehicles using customer vehicle replacement parameters, maintenance history and monthly remarketing seasonality. The product delivers a simple replacement plan at the vehicle level with monthly predicted costs, maintenance history reports, and real-time order and sale tracking to the plan. The result for customers: lower maintenance costs and higher resale proceeds.

"Time2Sell(SM) is a first for the fleet industry. We're excited to combine the power of analytics and data to create additional value for our customers," explains Brian Wright, general manager, vehicle life management for Fleet Services. "Now our customers will have the power to make better replacement decisions, minimize maintenance costs, and maximize their resale proceeds for all their cars and light trucks. While savings may vary from vehicle to vehicle, our data shows that using Time2Sell(SM) can save an average of $460 per vehicle."

GE Commercial Finance Fleet Services, based in Eden Prairie, Minn., is a global fleet management company with operations in the United States, Canada, Mexico, Europe, Japan, Australia and New Zealand. With over US$230 billion in assets, GE Commercial Finance, headquartered in Stamford, Connecticut, offers businesses around the globe an array of financial services and products. GE is a diversified technology, media and financial services company dedicated to creating products that make life better.