Business impersonation fraud rises 10% YoY
Fraudsters are using fake businesses to secure funding for equipment, and dealers need to be aware this is on the...
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Dealer Operations
Fleet Advantage surpasses $1B lease volume in last 12 months
Specialty financing and fleet management firm Fleet Advantage exceeded $1 billion in syndicated lease volume in the last 12 months...
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Demand for Ford commercial trucks exceeds supply
Demand for Ford's commercial vehicle division, Ford Pro, is exceeding supply as dealers “clamor” for inventory. “Dealers are clamoring...
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40% of dealers targeting M&A end up liquidating
Most dealership owners are ill-prepared to sell the business or retire and nearly half of dealerships close when the owner...
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‘Grow or go:’ M&A activity puts pressure on equipment dealers
The acquisitions of three equipment dealers in January highlight the pressure small and independent shops are facing amid high interest...
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Federal Reserve economist Martin Lavelle joins Equipment Finance Connect 2024
Equipment Finance Connect is pleased to again welcome the Federal Reserve to this year’s speaker faculty. Martin Lavelle, senior...
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New Birkey’s Farm Store CEO to lean harder on captive
CASE equipment dealer Birkey’s Farm Store will be leaning heavily on the OEM’s captive financier under the dealer group’s new...
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Morgan Stanley lays out 3 cybersecurity best practices for equipment dealers
With fraudulent activity increasing and posing a risk to equipment dealers, lenders and services providers, maintaining cybersecurity best practices is...
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