CDK Global attack impacts truck dealers
Commercial truck dealers continue to feel the impact of a cybersecurity attack on dealer management system provider CDK Global. Penske...
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Car sellers warn investors of possible financial hit from cyberattack
Some of the largest auto dealers in North America are warning of a potential “material” impact to their finances from...
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Inside Alerus Financial’s new equipment finance division
Community bank Alerus Financial Corp. launched an equipment finance division as it aims to expand its specialty lending capabilities, according...
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Used-truck inventories keep climbing in May
Used-truck inventories continue to rise in May as lenders remain cautious in financing them. Heavy-duty truck inventories hovered around April...
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Equipment finance industry confidence rises in June
Equipment finance industry confidence improved on an annual basis in June as stress persists despite increased optimism. Equipment finance industry...
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Car dealers are idle across the US after second cyberattack
Auto retailers across the US are likely to be out of service for days following a second major cyberattack at...
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New US home construction plunges to slowest pace since June 2020
New home construction in the US slumped in May to the slowest pace in four years, as higher-for-longer interest rates...
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North American rental market strengthens Ashtead Group earnings
Equipment rental companies continue to grow in the North American market, as interest rates and infrastructure projects bolster the rental...
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