Johnnie Martinez II, Author at Equipment Finance News

Traton Financial Services revenue rises 29%

Traton Financial Services’ revenue rose in the first quarter of 2024 as the company continued to expand its truck and...

OnStar Business Solutions brings four distinct product offerings — OnStar Safety Services, OnStar Vehicle Insights, API & Data Services and Wi-Fi — under one umbrella to make fleet management simpler than ever before.

Ford fleet sales jump; GM fleet sales slide

byJohnnie Martinez II

April 25, 2024

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Vehicle manufacturers Ford and General Motors experienced mixed commercial sales results, as demand persists but tightening credit forces prioritization. Ford...

Workers assemble the under carriage of vehicles at the Nissan Motor Co. North America manufacturing plant in Canton, Mississippi, U.S., on Thursday, Sept. 8, 2016. The U.S. Census Bureau is scheduled to release durable goods figures on September 28.

Transportation equipment leads durable, core capital goods orders growth

byJohnnie Martinez II

April 24, 2024

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New orders for durable goods and core capital goods increased again in March as companies continued to navigate rising interest...

A combine harvester cuts a field of wheat on a farm in the Lisowice district of Torun, Poland, on Friday, Aug. 11, 2023. Some of Ukraines European neighbors, including Poland, are extending a ban on purchasing some of the countrys grain until mid-September, a move that risks fueling tensions between Kyiv and its allies.

H&R Agri-Power stresses F&I amid tight financing

byJohnnie Martinez II

April 23, 2024

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Agriculture equipment dealer H&R Agri-Power is emphasizing strong finance and insurance operations as high interest rates persist and customers seek...

An Aurora Innovation Inc. driverless truck at the company's terminal in Palmer, Texas, US, on Wednesday, Dec. 28, 2023. Driverless trucks with no humans on board will soon cruise Texas, highways if three startup firms have their way, despite objections from critics who say financial pressures, not safety, is behind the timetable.

Commercial truck sales decline in first quarter

byJohnnie Martinez II

April 19, 2024

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Overall sales for commercial trucks declined in the first quarter of 2024 as high-interest rates and prices pushed down demand...

Electrification hesitation as haulers evaluate hydrogen

byJohnnie Martinez II

April 18, 2024

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Orders for Volvo-manufactured electric trucks and construction equipment declined in the first quarter as the industry hesitates to adopt battery...

A Volvo badge and parking-assist camera on the grille of an automobile at a Volvo Cars AB dealership in Stockholm, Sweden, on Thursday, Aug. 19, 2021. Volvo Cars said its considering an initial public offering months after calling off earlier plans to merge with Geely Automobile Holdings Ltd., the Chinese manufacturer owned by its parent.

Volvo North American orders drop amid inventory management

byJohnnie Martinez II

April 17, 2024

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Swedish equipment manufacturer Volvo Group’s construction equipment and truck orders decreased in the first quarter as the manufacturer navigated supply...

A Lion 6 electric truck charges outside the Lion Electric assembly plant in Saint-Jerome, Quebec, Canada, on Thursday, Oct. 13, 2022. Lion Electric Co. designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles, including seven mid range truck and bus models.

Smaller operators waiting for more fleet electrification

byJohnnie Martinez II

April 16, 2024

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State and federal regulators continue to push for commercial and fleet electrification while some smaller operators are waiting on their...

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