Some equipment finance execs urge adoption of standards
Some equipment finance executives are pushing for industry standards to improve operations and reduce government intervention. Adoption of industry standards...
Traton Financial Services revenue rises 30%
Traton Financial Services’ revenue rose in the third quarter of 2023 as the company expanded its truck and bus portfolio...
Paccar Financial Services revenue up 25% YoY
Positive portfolio quality, heightened used truck sales, and product launches led to growth in Paccar Financial Services’ revenue and portfolio...
AI coming to equipment finance
PHOENIX — Equipment finance companies foresee development of artificial intelligence tools specific to their industry within 10 years as AI...
Cyclical recession could be good news for some equipment financiers
PHOENIX — A cyclical recession could open the door for equipment financiers with lending capacity. Concerns over a possible recession...
Volvo North American construction orders jump 196%
Swedish equipment manufacturer Volvo Group’s North American construction equipment orders spiked in the third quarter as dealers began placing 2024...
Volvo Financial Services originations up 18%
Commercial financier Volvo Financial Services’ new retail financing volume reached a record in the third quarter amid “fierce competition” from...
Trnsact surpasses $1B in platform transaction volume
Commercial equipment finance software platform Trnsact has surpassed $1 billion in transaction volume on its platform and the company is...
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