Regional equipment financiers face new capital challenges
Regional equipment finance companies are once again feeling pressures wrought by tightened credit markets and increased regulation following Silicon Valley...
40% of dealers targeting M&A end up liquidating
Most dealership owners are ill-prepared to sell the business or retire and nearly half of dealerships close when the owner...
Cat Financial profit up 41% on higher financing rates
Cat Financial, the equipment financing arm of Caterpillar, reported a 2023 profit of $563 million, up 5% from 2022, spurred...
Strong North American sales bolster Hitachi Construction Machinery Q3 results
Strong sales of mining trucks and public works equipment in North America pushed Hitachi Construction Machinery’s fiscal third-quarter 2023 net...
New York Community Bank’s equipment finance outstandings grow in fourth quarter
New York Community Bank’s equipment finance outstandings represented nearly 27% of the bank’s overall commercial and industrial portfolio in fourth-quarter...
Kubota under FTC’s microscope
Kubota’s recent $2 million settlement with the Federal Trade Commission is the largest fine the agency ever levied against a...
Volvo Financial launches new leasing model to speed electric truck adoption
Volvo Financial Services’ latest leasing offering for Mack MD Electric trucks is rolling out across the country in a bid...
Volvo Financial Services’ new business volume, credit portfolio jump in 2023
Volvo Financial Services posted an increase in new retail business volume in 2023 as the captive’s penetration rate slipped. The...
