Johnnie Martinez II, Author at Equipment Finance News

NASHVILLE — The equipment finance industry is seeing a slight downturn as interest rates remain elevated and banks tighten their lending practices, with dealers and lenders looking to continue serving their customers while refining their finance and insurance operations.

Equipment lenders see an advantageous market in 2025 after years of pandemic-induced capital and supply chain challenges. Equipment lenders are...

A First Citizens Bank branch in Alpharetta, Georgia, US, on Thursday, March 23, 2023. First Citizens BancShares Inc., one of the biggest buyers of failed US lenders, is still hoping to strike a deal for all of Silicon Valley Bank, according to people familiar with the matter.

First Citizens, Sixth Street launch equipment finance venture

byJohnnie Martinez II

February 10, 2025

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First Citizens Bank and Sixth Street are launching Sixty-First Commercial Finance, an equipment finance joint venture targeting middle- to large-ticket...

A Terex Corp. reach stacker transports a CMA CGM SA shipping container in the Med Europe Terminal at the Port of Marseille, France, on Friday, Dec. 18, 2015. Marseilles-based CMA CGM currently has 8.8 percent of the global shipping market.

Terex backlog nears pre-pandemic averages

byJohnnie Martinez II

February 7, 2025

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Equipment manufacturer Terex reduced its backlog again to end 2024, as the market returns closer to pre-pandemic levels. Overall order...

Partially assembled vehicles, including the Chevrolet Silverado 1500 and GMC Sierra 1500, at the General Motors assembly plant in Fort Wayne, Indiana, US, on Tuesday, April 9, 2024. General Motors Co. is scheduled to release earnings figures.

Ford, GM realizing long-term benefits of commercial fleet bundling

byJohnnie Martinez II

February 6, 2025

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Ford and General Motors benefited from growing commercial vehicle demand in the fourth quarter, as software and fleet sales indicate...

Equipment lenders roll with growing rental industry

byJohnnie Martinez II

February 5, 2025

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Equipment lenders are adapting to the growing equipment rental market and developing financing programs that fit customers' needs. The rental...

Equipment dealers and lenders are looking to capitalize on growing demand for rental equipment as the used-equipment market adjusts ahead of 2025

Equipment lenders see January M&A jump

byJohnnie Martinez II

February 4, 2025

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Equipment lenders and lending service providers entered the mergers and acquisitions market to begin 2025 as both look to strengthen...

A truck carrying vehicles near the Otay Mesa Port of Entry, on the US-Mexico border in Tijuana, Baja California, Mexico, on Monday, Jan. 27, 2025. Cargo like cars move along the border economy as US President Donald Trump signaled plans to impose previously threatened tariffs of as much as 25% on Mexico and Canada by Feb. 1, unless the US neighbors did more to clamp down on immigration.

Truck prices find stability as expectations for 2025 grow

byJohnnie Martinez II

February 3, 2025

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Stable pricing in the trucking industry at the end of last year opens the door for a better 2025 after...

A tractor trailer approaches the Peace Bridge at the Canada-US border in Fort Erie, Ontario, Canada, on Monday, Feb. 3, 2025. US President Donald Trump's move to invoke an emergency and impose tariffs on Canada, Mexico and China is the most extensive act of protectionism taken by a US president in almost a century.

Looming tariffs present risks for the equipment sector

byJohnnie Martinez II

February 3, 2025

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Even with a 30-day pause on the implementation of 25% tariffs on goods from Canada and Mexico, the equipment sector...

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