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Dealer Operations

Labor Day signals yearend stretch for equipment dealers

byJohnnie Martinez II

August 28, 2024

Labor Day signals a long weekend and the end of summer for most Americans, including equipment dealers, but it also...

Penske Truck Leasing unveils fleet management AI

Dealer Operations

Penske launches new online auction platform

byQuinn Donoghue

August 26, 2024

Penske Used Trucks has pulled back the curtain on its new online auction platform for used trucks at a time...

Used International trucks manufactured by Navistar International sit on the lot of the company's used truck facility in Melrose Park, Illinois Wednesday, Aug. 15, 2001. The fourth-largest truckmaker reported fiscal third-quarter earnings fell 98 percent as a glut of used trucks and the effects of the slowing U.S. economy reduced demand. The Melrose Park lot, one of 15 company owned lots, has nearly 300 trucks in inventory.

Dealer Operations

Premier Truck Group concerned by used-truck financing

byJohnnie Martinez II

August 23, 2024

Used-truck financing remains a concern for commercial vehicle dealers as tighter credit and higher prices limit affordability and sale of...

DLL enters financing partnership with Sany America

Construction

Sany dealers respond to new EV products

byQuinn Donoghue

August 20, 2024

Heavy-equipment manufacturer Sany has launched a new line of electric products, highlighting an emerging industry trend that some dealers are...

A Volvo Inc. excavator operates at a road construction site in Gwadar, Balochistan, Pakistan, on Tuesday, July 4, 2018. What used to be a small fishing town on the southwestern corner of Pakistan is giving way for construction of roads and buildings to house banks, insurance and clearing agents. China Overseas Port Holdings, Gwadar Ports operator, has separately spent $250 million to add five new cranes, construct a building in less than six months by importing ready made parts and create space for a free zone.

Dealer Operations

Ferronordic US sales boost Q2 revenue

byJohnnie Martinez II

August 15, 2024

Construction and truck equipment dealer Ferronordic increased revenue in the second quarter despite a decline in overall sales due to...

Alta Equipment Group’s new- and used-equipment sales dipped in the second quarter as the equipment sales market weakened despite revenue growth.

Dealer Operations

Alta Equipment’s sales dip

byJohnnie Martinez II

August 8, 2024

Alta Equipment Group’s new- and used-equipment sales dipped in the second quarter as the equipment sales market weakened despite revenue...

Bobcat boosting electric adoption with Sunbelt Rentals

Dealer Operations

Doosan Group to merge Bobcat, Doosan Robotics

byAidan Bush

August 6, 2024

Doosan Group’s merger of equipment manufacturer Doosan Bobcat and Doosan Robotics could advance its equipment technology and give Doosan Group...

The New York Stock Exchange (NYSE) in New York, US, on Monday, Aug. 5, 2024. A selloff in the riskier corners of the global market deepened, with stocks plunging and traders rushing to the safety of bonds as concerns about a slowdown in the world's largest economy intensified.

Dealer Operations

Equipment finance stocks rebound after Monday dip

byJohnnie Martinez II

August 6, 2024

Equipment finance stocks are rebounding following an Aug. 5 decline as earnings and as large American companies bolster international and...

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Dealer Operations

Labor Day signals yearend stretch for equipment dealers

Penske launches new online auction platform

Premier Truck Group concerned by used-truck financing

Sany dealers respond to new EV products

Ferronordic US sales boost Q2 revenue

Alta Equipment’s sales dip

Doosan Group to merge Bobcat, Doosan Robotics

Equipment finance stocks rebound after Monday dip

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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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