As the National Association of Music Merchants (NAMM) prepares for its annual winter show, GE Capital’s Commercial Distribution Finance (CDF) business said it is optimistic about the outlook for the music instrument industry.
"Overall, we like what we see in the music industry these days," said David S. Wilson, commercial leader of CDF’s diversified products group, which provides inventory financing for dealers of music instruments and related products. "We saw modest growth in the U.S. in 2012, with macro-economic indicators trending favorably, an improved retail environment, and positive ordering trends, although there were some pockets of conservative stocking at the dealer level. We’re upbeat about ordering trends for 2013."
"As we enter our 16th year of working with dealers to help them bring music to their communities, it’s important for us to be at NAMM, the world's largest and most important music products trade show," Wilson continued. "NAMM provides an unmatched opportunity for us to meet with equipment makers as well as a nationwide spectrum of dealers, including retail chains and independent music store owners. There’s no substitute for meeting face-to-face, and enjoying some great music together."
GE Capital will be exhibiting in booth #409 at Winter NAMM Jan. 24-27 in Anaheim, CA. To learn more about the event, go to namm.org/thenammshow/2013.
For more than 15 years and through all business and economic cycles, CDF has supported the music instrument industry with financing programs that enable dealers to stock a broad selection of products. Inventory financing, also known as floorplan financing, is an important element of a successful manufacturer-dealer business model. Manufacturers benefit from enhanced product flow and increased sales opportunities, while dealers obtain improved terms and credit availability.
To learn more about the ways CDF helps customers manage their inventory and to get access to exclusive industry intelligence, dealers can speak with a CDF representative by calling 800-451-5944 or visiting the website.
About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance (gecdf.com) provided nearly $31 billion in financing for more than 40,000 manufacturers, dealers and distributors across North America in 2012. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management and related financial products. Customers have access to exclusive online tools and analytics to manage their accounts and inventory.
GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services.
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.