Fleet News

GE online move

GE CAPITAL Auto Financial Services has launched an online auction to sell end-of-lease cars in the United States.

The company chose Bid.Com to create and run the site that aims to sell cars to North American dealers.

Bid.Com says its system 'allows pricing to fluctuate during an on-line auction, based on a pricing model and the dynamics of individual auction transactions'.

'We expect this new functionality to help us reduce our cost of sale and increase our revenue stream,' said Ray Floyd, vice-president of e-Business for GE Capital AFS.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee