Cat dealer Finning sees used equipment sales soar 122%
Canadian Caterpillar dealers Finning International and Toromont Industries saw used equipment sales and rental revenue climb in the third quarter...
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Dealer Operations
Titan Machinery to divest German dealership ops
Agriculture and construction equipment dealership Titan Machinery plans to divest its operations in Germany to New Holland dealers in the...
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Alta Equipment sales, rentals fall in Q3
Alta Equipment Group’s equipment sales and rental revenues decreased in the third quarter, as buyers awaited clarity on equipment market conditions following months of uncertainty. Alta...
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Penske, Rush F&I revenues drop amid truck sales slump
Truck dealers Penske Automotive Group and Rush Enterprises felt the pain of transportation industry woes in the third quarter, while Custom Truck One Source benefited from strong...
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OEMs, dealers eye opportunities for consumer loans, flexible financing
OEMs and dealers are recognizing a need for more consumer financing and flexible offers to close deals as borrower profiles...
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Machinio expands platform to support service providers
Machinio, a Liquidity Services company, introduced new service management features to its Machinio System platform, enabling equipment dealers to advertise,...
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Equipment finance leaders urge collaboration as uncertainty persists
Facing excess inventory, elevated equipment prices and tightening credit, leaders in the equipment finance industry say collaboration among dealers, lenders...
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Corbel raises $6.7M, bringing AI to industrial equipment sales
Corbel, an AI-powered operating system for industrial equipment manufacturers, has raised $6.7 million in seed funding led by Ibex Investors...
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