Used Class 8 retail sales climb 56% YoY as financing opens up
The used-truck market improved last month as retail sales surged, with lenders becoming increasingly confident and dealers finding better ways ...
Tag: trucking
F&I revenue slides for Rush, Penske in 2024
Rush and Penske Automotive Group reported a drop in finance and insurance revenue in 2024 as lingering effects of a ...
Nikola files for bankruptcy
Commercial EV maker Nikola has filed for Chapter 11 bankruptcy, culminating a yearslong struggle and raising questions about the future ...
Tiger Group plans bankruptcy auction for used trucks
The auction market for used commercial vehicles is about to get tested. Financial services firm Tiger Group on Feb. 19 will conduct ...
Canada’s Tornado launches financing arm
Canadian hydrovac truck manufacturer Tornado Infrastructure Equipment has created a financing arm following a record-high sales performance in the fourth quarter. ...
Canada Cartage buys Walmart Canada’s fleet business
Toronto-based Canada Cartage signed an agreement to acquire Walmart Fleet, the transportation division of Walmart Canada. Canada Cartage's acquisition will ...
Truck prices find stability as expectations for 2025 grow
Stable pricing in the trucking industry at the end of last year opens the door for a better 2025 after ...
MAN delivers first 10 long-distance EV trucks
German commercial vehicle manufacturer MAN Truck and Bus, a subsidiary of Traton Group, has delivered its first 10 long-distance electric trucks. ...
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