High horsepower retail values up 11% YoY
Auction and retail values for tractors with high horsepower increased year over year in July despite increased inventory. Retail values, ...
Tag: equipment finance
Playing whack-a-mole in Alabama: Vendor fraud spreads
Fraudsters are swindling thousands of dollars from consumers by using the names of defunct, isolated or off-the-grid equipment vendors to ...
Deere Financial reduces credit loss provisions, bucking ag concerns
Deere & Co. captive John Deere Financial reduced its provisions for credit losses in the third quarter of fiscal 2023 ...
Ford commercial trucking arm eyes increased software attachment
Ford Pro, Ford Motor Co.’s commercial trucking arm, is looking to double its software attachment rates by 2026 as the ...
Medium-duty construction inventory jumps 46%
Asking and auction values for medium-duty construction equipment drifted further apart in July as the value gap neared historic levels ...
Turning techy: Best practices for AI implementation
As artificial intelligence use becomes more common in the equipment finance industry, developing best practices is key to successful implementation. ...
Rental industry fleet utilization down 10%
Equipment rental companies Herc Rentals, Ryder System and United Rentals saw rental fleet utilization rates decline in the second quarter ...
Cat Financial revenues rise 19% YoY
Cat Financial’s originations, receivables, and revenues increased in the second quarter as the company’s credit concerns diminished and interest rates ...
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