According to data from ACT Research, preliminary Class 8 same dealer used truck retail sales volume managed a small gain, rising 2% month to month in February. read more

MAR 17, 2023 - 7:10 am

According to the Equipment Leasing & Finance Foundation’s March 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is at a mark of 50.3, a decrease from the February index of 51.8. read more

MAR 16, 2023 - 7:20 am

According to the latest Biz2Credit, small business loan approval percentages at big banks slipped again in February, falling from 14.4% in January to 14.2%. This marks the ninth consecutive month in which big bank approval percentages have declined. read more

MAR 15, 2023 - 7:01 am

New bankruptcy filings in February registered double-digit year-over-year increases across all major U.S. filing categories, according to data provided by Epiq Bankruptcy, including an 83% increase in Chapter 11 filings. read more

MAR 6, 2023 - 7:14 am

ACT Research’s 68th seminar, Driving Decarbonization: The Future of Commercial Vehicles, welcomed transportation industry professionals like Brent Yeagy, president and CEO of Wabash, to continue the discussion on decarbonization and how it is reshaping the industry. read more

MAR 6, 2023 - 7:09 am

Biz2Credit will release its annual women-owned business study on International Women’s Day (March 8). Biz2Credit will also host an online forum with U.S. Rep. Sharice Davids from 2-3 p.m. EST. read more

MAR 3, 2023 - 7:03 am

According to ACT Research, preliminary North American Class 8 net orders in February were 23,600 units, up 13% year over year and 27% month to month, while Classes 5-7 net orders were 17,500 units. read more

MAR 3, 2023 - 6:59 am

According to Solifi’s 2023 Global Leasing Report, there was a promising 9.3% increase in new business volume in the leasing industry in 2021. The report also showed the leasing industry has grown 84% in the past decade. read more

MAR 2, 2023 - 7:25 am

According to ACT Research, used Class 8 retail volumes (same dealer sales) increased 12% month to month in January. Average mileage increased 8% month to month, with average price down 7% and age up 1%. read more

MAR 2, 2023 - 7:11 am

According to ACT Research, supply chain concerns still linger, with some manufacturers sharing that they see no short-term improvement in sight. Most trailer makers expect demand to continue exceeding capacity through the end of 2023. read more

MAR 1, 2023 - 7:04 am

The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for January was $8.8 billion, up 6% year over year from new business volume in January 2022. read more

FEB 24, 2023 - 7:13 am

Volvo Trucks has sold more than 4,300 electric trucks globally in more than 38 countries. In Europe, Volvo Trucks has a 32% share of the market for heavy electric trucks, and in North America, nearly half of all heavy electric trucks registered in 2022 were Volvo trucks. read more

FEB 23, 2023 - 7:14 am

Ritchie Bros. attracted more than 14,500 bidders to compete for more than 6,500 items, generating more than $61 million in gross transaction value at its first Houston site auction of the year. read more

FEB 21, 2023 - 7:05 am

Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by Alliance Funding Group ABS I, (AFG 2023-1), which represents the first equipment ABS transaction to be sponsored by Alliance Funding Group. read more

FEB 21, 2023 - 7:03 am

According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, January heavy-duty orders were relatively weak, but it remains to be seen whether this represented a pause after robust year-end orders, or the beginning of a more broad-based pullback in demand. read more

FEB 21, 2023 - 7:00 am