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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Fed says banks tightened credit standards in fourth quarter
The Federal Reserve said US banks reported stricter credit standards in the fourth quarter, although the proportion of those tightening...
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California truck dealers invest in EV infrastructure
As pressure to increase commercial electrification grows across the trucking industry, California dealers and agencies continue to develop and invest...
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Cat Financial profit up 41% on higher financing rates
Cat Financial, the equipment financing arm of Caterpillar, reported a 2023 profit of $563 million, up 5% from 2022, spurred...
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Old farm tractors go high tech as AGCO tries to compete with Deere
Illinois farmer Leon Adams’ corn planter sits at the center of a strategy by AGCO Corp. to expand in the...
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ATD dealers look to challenge legislators over electrification standards
LAS VEGAS – American Truck Dealers leaders are looking for fellow dealer members to challenge government agencies to convey their...
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Strong North American sales bolster Hitachi Construction Machinery Q3 results
Strong sales of mining trucks and public works equipment in North America pushed Hitachi Construction Machinery’s fiscal third-quarter 2023 net...
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Lenders seek more collaboration with dealers on finance packaging
Equipment finance lenders want more collaboration with dealers in order to develop the best financing packages and maximize value for...
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