Agricultural dealers brace for slowdown
Dealers of agricultural equipment are bracing for a continued downturn in the market as their farming customers pull back spending. ...
New regulations prompt industry investment in tech
NASHVILLE — The commercial equipment financing industry has been slower to adopt technology than the auto industry, in part because...
Fed: Businesses replacing, updating equipment despite interest rates
NASHVILLE — Businesses are replacing and updating their equipment despite unpredictable interest rates, Federal Reserve economist Martin Lavelle told attendees...
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...
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