Midland, Banc of Cal slash equipment finance portfolios
Midland States Bancorp, Brookline Bancorp and Banc of California pulled back on equipment lending in the second quarter, while First...
United Rentals specialty revenue hits record $1.1B
United Rentals posted increased total revenue in the second quarter, driven by a record performance in its specialty rental division. ...
Used farm equipment inventory sinks despite late-model woes
Agriculture equipment dealers continued to chip away at used inventory last month, but challenges tied to price sensitivity and late-model...
EV truck sales now hinge on financing, state aid
Financing, state incentives and OEM support will play crucial roles in propelling EV truck adoption after President Donald Trump’s One...
Tariffs, tax breaks, distress shape equipment lenders’ outlook
After an uneven start to 2025, equipment lenders are cautiously optimistic about the second half of the year amid ongoing...
Volvo Financial Services sees 4.6% increase in financed units
Volvo Financial Services reported mixed results in the second quarter as retail financing rose while its credit portfolio shrank. However, parent...
E-sign, data, tech adoption crucial for equipment finance industry, experts say
Equipment dealers and lenders are expecting technology to play a crucial role in driving growth in the second half of...
Volvo Group sales slide 12.4% in Q2
Construction equipment and commercial truck manufacturer Volvo Group saw a steep sales drop in the second quarter, although its construction...
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