ECapital strengthens lending capacity with expanded factoring facility
ECapital has increased its core factoring facility from $725 million to $917 million, reinforcing its financial strength and lending capabilities ...
Tag: transportation
New truck sales sink as financing climate tightens
New truck sales at dealerships are plummeting as the financing climate tightens, but favorable used-truck deals are providing some relief. ...
GM, Ford shares downgraded as banks warn of tariff impact
Major US automakers saw their shares downgraded on Thursday as banks warned of higher costs and lower demand brought on ...
AI, data modeling paves way for truck financing, dealer ops
From inventory management to frictionless financing, AI-driven data models are now at the fingertips of truck dealers, lenders and fleet ...
Dealers adjust to growing demand for on-site services
Commercial vehicle dealers are adapting to increased demand for maintenance and other services at their fleet customers’ sites. These ...
Lenders offer FMV and TRAC leases to keep trucks affordable
OEMs, lenders and service providers are preparing to pivot quickly to reach long-term goals as tariffs and economic uncertainty loom ...
Workhorse Group sales plunge 50% in 2024
Commercial EV manufacturer Workhorse Group reported a steep sales drop in 2024, reflecting broader challenges facing the EV truck market. ...
Used heavy-duty truck inventory sinks 22% YoY
Strong demand for late-model trucks boosted the used heavy-duty market in February, but repossessions spelled trouble for the medium-duty sector ...
