GE Commercial Finance Fleet Services today announced that they will be reporting damage information on their fleet vehicles to Carfax for inclusion on Carfax Vehicle History Reports. GE Commercial Finance Fleet Services maintains thousands of cars throughout North America. Now, individuals purchasing off lease GE Commercial Finance Fleet Services’ vehicles can use this data to better understand a vehicle’s history and help guide a mechanical inspection before buying.
"We’ve been working with Carfax for a few years now to report service information on our fleet vehicles," said Paul Seger, vice president of asset remarketing for GE Commercial Finance Fleet Services. "Including information we have about vehicles involved in accidents was a natural next step. We encourage anyone buying a used car to use this information to make sure the vehicle has been properly repaired."
Since 2004, GE Commercial Finance Fleet Services and Carfax have partnered to bring valuable information to used car buyers and sellers. Their partnership led to previous studies showing that disclosure of vehicle history information through Carfax Vehicle History Reports may substantially raise the resale value of wholesale units.
"Buyers of GE fleet vehicles in the wholesale market have just hit the trifecta," said Larry Gamache, communications director at Carfax. "They now have access to GE’s service information, these new prior damage records and, the bonus, a significant number of these cars will be Carfax One Owner vehicles. They should command a premium in the wholesale market as they’ll have huge curb appeal to consumers in the retail market."
Millions of consumers rely on the most trusted provider of vehicle history information, Carfax, each year. Using the unique 17-character vehicle identification number (VIN) found on vehicle dashboards and title documents, Carfax instantly generates a detailed Vehicle History Report on any used car or light truck. Carfax Vehicle History Reports provide information that can impact a consumer's decision about a used car or truck. Carfax is a wholly-owned subsidiary of R.L. Polk & Co. For more information, visit www.carfax.com
About GE Commercial Finance Fleet Services
GE Commercial Finance Fleet Services, based in Eden Prairie, Minn., is a global fleet management company with operations in the United States, Canada, Europe, Japan, Australia and New Zealand. GE Commercial Finance is the business-to-business finance unit of General Electric. General Electric (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems.