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Dealer Operations

Equipment executives gather at Equipment Finance Connect 2024

Dealer Operations

Equipment execs gather at Equipment Finance Connect 2024

byJohnnie Martinez II

May 14, 2024

Equipment executives from across North America came together at Equipment Finance Connect 2024 in Nashville, Tenn., on May 5-7 to...

Dealer Operations

Technology advancements impacting equipment dealers

byJohnnie Martinez II

May 13, 2024

As technological advancements continue in the equipment industry, dealers must navigate and integrate modern technology. Technology in equipment finance and...

Dealer Operations

Dealers depending on lenders to maintain sales velocity

byJohnnie Martinez II

May 10, 2024

As the equipment inventory market moves closer to pre-pandemic levels, dealers are relying on lenders to maintain velocity to close...

Capital One and Discover credit cards arranged in Germantown, New York, US, on Tuesday, Feb. 20, 2024. Capital One Financial Corp. agreed to buy Discover Financial Services in a $35 billion all-stock deal to create the largest US credit card company by loan volume, giving the combined entity a stronger foothold to compete with Wall Streets behemoths.

Dealer Operations

Fed: Businesses replacing, updating equipment despite interest rates

bySamson Amore

May 7, 2024

NASHVILLE — Businesses are replacing and updating their equipment despite unpredictable interest rates, Federal Reserve economist Martin Lavelle told attendees...

NASHVILLE — The equipment finance industry is seeing a slight downturn as interest rates remain elevated and banks tighten their lending practices, with dealers and lenders looking to continue serving their customers while refining their finance and insurance operations.

Dealer Operations

3 key themes to watch at Equipment Finance Connect

byJohnnie Martinez II

May 6, 2024

NASHVILLE — The equipment finance industry is seeing a slight downturn as interest rates remain elevated and banks tighten their...

OnStar Business Solutions brings four distinct product offerings — OnStar Safety Services, OnStar Vehicle Insights, API & Data Services and Wi-Fi — under one umbrella to make fleet management simpler than ever before.

Dealer Operations

Ford fleet sales jump; GM fleet sales slide

byJohnnie Martinez II

April 25, 2024

Vehicle manufacturers Ford and General Motors experienced mixed commercial sales results, as demand persists but tightening credit forces prioritization. Ford...

A combine harvester cuts a field of wheat on a farm in the Lisowice district of Torun, Poland, on Friday, Aug. 11, 2023. Some of Ukraines European neighbors, including Poland, are extending a ban on purchasing some of the countrys grain until mid-September, a move that risks fueling tensions between Kyiv and its allies.

Dealer Operations

H&R Agri-Power stresses F&I amid tight financing

byJohnnie Martinez II

April 23, 2024

Agriculture equipment dealer H&R Agri-Power is emphasizing strong finance and insurance operations as high interest rates persist and customers seek...

Pacific Gas & Electric Corp. (PG&E) workers wearing protective masks look at clipboard in San Francisco, California, U.S., on Wednesday, Feb. 24, 2021. PG&E Corp. is scheduled to release earnings figures on February 25.

Dealer Operations

Utility companies boosting commercial EV adoption

byJohnnie Martinez II

April 10, 2024

Utility companies are capitalizing on the growing commercial electric vehicle market in places like California by venturing into a new...

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