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Dealer Operations

Dealer Operations

Ferronordic total revenue up 77% on U.S. sales

byJohnnie Martinez II

November 14, 2024

Construction and truck equipment dealer Ferronordic’s revenue improved year over year in the third quarter as the company’s U.S. equipment...

Construction vehicles on the Cleve Hill Solar Park near Faversham, UK, on Wednesday, Oct. 23, 2024. Mytilineos has undertaken the engineering, procurement and construction of this solar park, that will produce 373.922 GWh of renewable electricity per year, enough to meet the needs of over 100,000 UK homes.

Dealer Operations

Alta Equipment construction equipment sales fall 22%

byJohnnie Martinez II

November 13, 2024

Equipment dealer Alta Equipment Group’s construction new and used equipment sales fell in the third quarter as the sector awaited...

Holiday Shoppers As US Personal Spending Cools

Dealer Operations

US inflation stays firm for third month with 0.3% core CPI gain

byBloomberg News

November 13, 2024

US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face in trying to bring price pressures...

Penske Truck Leasing unveils fleet management AI

Dealer Operations

Penske, Rush see drop in finance, insurance revenue

byQuinn Donoghue

November 1, 2024

Penske Automotive Group and Rush Enterprises saw declines in finance and insurance revenue in the third quarter, but increased sales...

A truck pulls construction equipment in front of Tropicana Field after Hurricane Milton in St. Petersburg, Florida, US, on Friday, Oct. 11, 2024. Hurricane Miltons devastating path across Florida has left at least 10 dead, millions without power, and destroyed homes and crops, as authorities warn it could take days to assess the full extent of the damages.

Dealer Operations

Podcast: Equipment dealers key to disaster response

byJohnnie Martinez II

November 1, 2024

Equipment dealers play a key role in natural disaster response for their employees, customers and communities. There are 21 current...

Dealer Operations

AI development bolstering commercial vehicle dealerships

byJohnnie Martinez II

October 28, 2024

AI growth and development continue across the equipment industry, but commercial vehicle dealers have unique opportunities for growth. Fixed dealer...

A display of haulage trucks from DAF Trucks NV at the IAA Transportation show in Hanover, Germany, on Monday, Sept. 19, 2022. Global leaders Daimler Truck Holding AG and Volvo AB are joining dozens of commercial-vehicle makers in Germany this week to showcase their latest electric semis, with more zero-emissions vehicles debuting at the IAA Transportation show than ever before.

Dealer Operations

Elevated inventories still pressuring equipment dealers

byJohnnie Martinez II

October 25, 2024

Elevated inventories created by post-pandemic supply chain normalization are exerting more pressure on equipment dealers as high interest rates drive...

Boeing 737 Max fuselages on railcars in Seattle, Washington, US, on Tuesday, Oct. 22, 2024. Boeing Co. and the union representing 33,000 striking workers reached a tentative agreement on a new contract with help from the White House, underscoring the high stakes to end a work stoppage that has crippled one of the largest US exporters. A ratification vote is set for Oct. 23.

Dealer Operations

Orders for US durable goods decline on aircraft bookings

byBloomberg News

October 25, 2024

New orders placed with US factories for durable goods declined in September as a drop in bookings for commercial aircraft...

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Dealer Operations

Ferronordic total revenue up 77% on U.S. sales

Alta Equipment construction equipment sales fall 22%

US inflation stays firm for third month with 0.3% core CPI gain

Penske, Rush see drop in finance, insurance revenue

Podcast: Equipment dealers key to disaster response

AI development bolstering commercial vehicle dealerships

Elevated inventories still pressuring equipment dealers

Orders for US durable goods decline on aircraft bookings

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Dealer Operations

Inventory financing shifts to ‘just in time’ as dealer demands change

Jack Doheny acquires Vacuum Truck Rentals with $175M from CVC

Equipment dealers expand leasing, rental revenue as financing demand grows

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