Johnnie Martinez II, Author at Equipment Finance News

Construction and truck equipment dealer Ferronordic’s revenue improved year over year in the third quarter as the company’s U.S. equipment...

Construction vehicles on the Cleve Hill Solar Park near Faversham, UK, on Wednesday, Oct. 23, 2024. Mytilineos has undertaken the engineering, procurement and construction of this solar park, that will produce 373.922 GWh of renewable electricity per year, enough to meet the needs of over 100,000 UK homes.

Alta Equipment construction equipment sales fall 22%

byJohnnie Martinez II

November 13, 2024

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Equipment dealer Alta Equipment Group’s construction new and used equipment sales fell in the third quarter as the sector awaited...

A growing number of brokers are looking to seize the opportunity to capitalize on growing demand in the equipment and equipment finance industry.

Equipment finance growth facilitates broker rise

byJohnnie Martinez II

November 12, 2024

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A growing number of brokers are looking to seize the opportunity to capitalize on growing demand in the equipment and...

North American market mixed for Japanese equipment OEMs

byJohnnie Martinez II

November 11, 2024

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Japanese equipment manufacturers Hitachi Construction Machinery, Komatsu and Kubota experienced mixed performances in North America over the prior reporting period...

Excavators in a lot during a Ritchie Bros heavy equipment auction in Bolton, Ontario, Canada, on Tuesday, May 9, 2023. Ritchie Bros Auctioneers Inc., a Canadian firm that sells heavy equipment at auctions around North America, struck an agreement in November to buy IAA, which sells damaged and written-off vehicles.

RB Global revenue slips as gross transaction values fall

byJohnnie Martinez II

November 8, 2024

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Commercial vehicle marketplace RB Global’s revenue declined in the third quarter as commercial construction and transportation gross transaction values fell...

Karin Radstrom, chief executive officer of Daimler Truck Holding AG, at the IAA Transportation 2024 event in Hanover, Germany, on Monday, Sept. 16, 2024. The commercial vehicle exhibition runs until Sept. 22.

Daimler Truck’s new CEO unveils strategy

byJohnnie Martinez II

November 7, 2024

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German commercial vehicle manufacturer Daimler Truck unveiled new strategic tenets under its new chief executive during the company’s third quarter...

Car carrier trailer transport new car from manufacturing factory to dealer. auto vehicle haul truck delivery. transport logistics in automotive industry. car carrier trailer load new car to shipping.

Average new commercial vehicle price hits $113,326

byJohnnie Martinez II

November 6, 2024

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The average price of a new commercial vehicle, up to four model years old, is $113,326 today, while 2025 models...

Equipment finance digital adoption rate sees gains

byJohnnie Martinez II

November 6, 2024

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Adoption of digital transactions in equipment finance grew again annually as dealers and lenders turned to digital workflows for compliance...

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