Lenders should ‘think like a dealer’ to develop new business
NASHVILLE — Lenders can better optimize their business and returns by considering the dealer’s perspective. “It’s really easy in...
Mechanic shortages cause headaches for dealers
NASHVILLE – Equipment dealers are struggling to hire and retain qualified technicians, which presents complications for their parts and services...
PACCAR Financial Services revenue up more than 18%
PACCAR Financial Services, the financing arm of Bellevue, Wash.-based truck maker PACCAR, saw record first-quarter revenues of $509.3 million amid...
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...
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