New business volume down 7% YoY in March
New business volume in the equipment finance sector declined year over year in March but shot up from February. Overall...
Komatsu retail finance revenue slides more than 20% in 2023
Japanese equipment manufacturer Komatsu posted a decline in retail finance profits for fiscal 2023, in part because it used its allowance...
Higher new business originations boost Cat Financial’s earnings
Caterpillar’s equipment financing arm, Cat Financial, posted increased revenues in the first quarter of 2024, following strong profit margins in...
Rush Enterprises’ aftermarket revenue ebbs as freight volumes decrease
Commercial truck dealer Rush Enterprises’ aftermarket revenue from services and parts flattened in the first quarter of 2024, a trend...
Ryder System selling off vehicles as rental revenue slides in Q1
United Kingdom-based fleet manager Ryder System’s rental revenue slid 4.54% year over year in the first quarter of 2024, pushing...
Weakened demand for business loans in 4th quarter: ELFF survey
Investment into real equipment and software for the equipment financing market is expected to grow 2.2% in 2024, despite weakened...
Special Counsel Mehul Madia joins Equipment Finance Connect faculty
Mehul Madia, special counsel at Sheppard Mullin Richter & Hampton’s Washington, office, will discuss best practices for dealers to navigate...
Equipment finance industry confidence dips in April as lenders await rate cuts
News that interest rate cuts might not materialize for several months has pushed confidence in the equipment finance sector slightly...
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