GE Capital Fleet Services has signed an agreement with Pennsylvania-based
Innovative Fleet Management to develop a direct-to-dealer used-vehicle resale channel in the United States.

GE Capital Fleet Services will begin remarketing a portion of its off-lease vehicles through Innovative Fleet Management's web-based system for U.S. customers with commercial cars and trucks. (GE Capital Fleet Services remarkets over 150,000 vehicles in North America.)
"Our web-based product provides for faster cycle times because it puts fleet customers one step closer to retail dealers," said Richard Marzan, chairman of Innovative Fleet Management.
Innovative Fleet Management's patent-pending system offers a national network of secure and qualified automotive dealers and provides the opportunity to obtain, inspect, recondition and house vehicles prior to transfer. This dealer network currently covers 14 states and will grow to all 50 states by the second quarter of 2001, says the company.