Revenue spikes for truck OEM captives
The financing arms of truck manufacturers Paccar and Traton Group reported increased revenue in the third quarter as market conditions...
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Penske, Rush see drop in finance, insurance revenue
Penske Automotive Group and Rush Enterprises saw declines in finance and insurance revenue in the third quarter, but increased sales...
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Podcast: Equipment dealers key to disaster response
Equipment dealers play a key role in natural disaster response for their employees, customers and communities. There are 21 current...
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M&A: PrivateCap enters equipment finance capital markets
Mergers, acquisitions and startups in the equipment industry picked up in October as companies adjust to a changing capital markets...
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Lenders weigh strengths, risks of AI-driven loan process
Equipment financiers are adopting AI-driven technology though potential biases in the algorithms present concerns. As equipment lenders increase their use...
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Independent lenders seize opportunity amid stringent bank regs
Independent lenders have emerged as major players in the equipment finance industry as banks grapple with tighter regulatory standards and...
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Cat Financial new business volume rises 17%
Cat Financial reported “healthy” new business volume in the third quarter as the lender benefited from higher demand for its...
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Caterpillar misses estimates on weakening construction
Caterpillar Inc. posted a third-quarter profit that missed analysts’ expectations as the machinery producer grappled with weakening demand in construction...
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