Car and truck owners can more easily maintain their vehicles at The Pep
Boys – Manny, Moe & Jack (NYSE: PBY), auto service and retail locations
with the multi-year extension of the consumer financing program through
GE Capital Retail Bank. GE Capital's Retail Finance business, the
operating entity that provides financial solutions to retailers and
dealers to help grow their customer sales, will continue to manage the
Pep Boys relationship and service the account.
The Pep Boys CarCareONE credit card program, which began in 1996,
provides customers of the nation's leading automotive aftermarket
service and retail chain with convenient payment options and benefits
for their full-service vehicle maintenance and repair purchases.
Cardholders* can qualify for discounts off their first purchase,
promotional financing terms, exclusive savings, e-bill and e-payment,
and other options.
"Vehicle maintenance is vital to performance and safety, yet in
uncertain economic times, many car and truck owners may postpone
necessary repairs," said Bernie McElroy, treasurer and vice president of
finance for Pep Boys. "Our relationship with GE Capital has helped us
provide a higher quality customer experience, greater value and more
flexible ways to pay for products and services that keep them safely on
Headquartered in Philadelphia, PA, Pep Boys operates 736 stores and
approximately 7,000 service bays in 35 states. Pep Boys provides a
variety of automotive repair services and offers their customers access
to high quality, brand-name and private-label parts in stock at
discounted prices. Established in 1921, the company has grown into a
multi-billion dollar business and one of the leading sellers of
replacement tires in the United States.
"We're proud to continue our long-standing relationship with this
premier company and to have helped Pep Boys serve the needs of car and
truck owners for more than 15 years," said Mike Mattevi, vice president
of sales, Automotive industry, for GE Capital's Retail Finance business.
"We look forward to building on their growth and commitment to provide
their customers with convenient payment options to care for their
For more than 75 years, GE Capital's Retail Finance business has
provided billions of dollars in consumer financing through major
retailers and more than 200,000 small- and mid-sized businesses
throughout the United States.