RB Global revenue slips as gross transaction values fall
Commercial vehicle marketplace RB Global’s revenue declined in the third quarter as commercial construction and transportation gross transaction values fell ...
Tag: equipment finance
Geely seeks over €2 billion loan to refinance Volvo Truck deal
Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group Co. is in talks with banks for a syndicated loan to refinance ...
Daimler Truck’s new CEO unveils strategy
German commercial vehicle manufacturer Daimler Truck unveiled new strategic tenets under its new chief executive during the company’s third quarter ...
Lenders stress portfolio management as originations rise
The equipment financing climate is heating up, but lenders are cautious, facing potential challenges tied to portfolio quality and compliance. ...
Fed cuts rates for second-straight meeting to support economy
The Federal Reserve cut its benchmark lending rate by a quarter percentage point Thursday, extending efforts to keep the US ...
Average new commercial vehicle price hits $113,326
The average price of a new commercial vehicle, up to four model years old, is $113,326 today, while 2025 models ...
Ford fleet sales rise; GM fleet sales fall
Ford benefited from its commercial vehicles segment in the third quarter, while General Motors got a boost from its financial ...
Equipment finance digital adoption rate sees gains
Adoption of digital transactions in equipment finance grew again annually as dealers and lenders turned to digital workflows for compliance ...
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