Wells Fargo Equipment Finance sees leadership changes
Major players in the equipment finance, manufacturing and technology industries announced leadership changes in February. Wells Fargo bolsters equipment,...
Fintech partners key to smooth tech implementation in equipment finance
As tech adoption proliferates in the industry, equipment lenders must form strong partnerships with fintechs to ensure seamless implementation and...
Deere, New Holland, other ag OEMs driving autonomy forward
OEMs are increasingly churning out autonomous farm equipment to address critical issues facing the agriculture industry, but widespread adoption rests...
Used-truck auction highlights late-model pricing gaps
The used-truck market may be stabilizing, but huge pricing gaps between late-model units are creating uncertainty for dealers that take...
Used Class 8 retail sales climb 56% YoY as financing opens up
The used-truck market improved last month as retail sales surged, with lenders becoming increasingly confident and dealers finding better ways...
Equipment lender confidence dip first in 4 months
Concerns over delinquencies and credit quality curtailed equipment lenders’ confidence this month, but optimism persists amid lower interest rates and...
F&I revenue slides for Rush, Penske in 2024
Rush and Penske Automotive Group reported a drop in finance and insurance revenue in 2024 as lingering effects of a...
Nikola files for bankruptcy
Commercial EV maker Nikola has filed for Chapter 11 bankruptcy, culminating a yearslong struggle and raising questions about the future...
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