Fleet Financing Resources Origination Volume Up 52% in First Half of 2016
AUG 8, 2016 - 5:57 am
Fleet Financing Resources reported total funded volume of $35 million for the first six months ending June 30, 2016, up 52% over same period last year.
In addition, sales volume was up 35% and net income up 32% compared to last year’s first half results.
“We began the year with very strong performances in repeat and replacement business from our fleet customer base. Low delinquency and successful remarketing of recovered inventory, on top of strong new business growth, has also served as key drivers of an increase in both our funding volume and revenue,” said Dave Reynolds, president and CEO of Fleet Financing Resources. “All has been accomplished through offering/marketing the broadest and most flexible funding platform combining value added services with consultative expertise.”
Fleet Financing Resources offers financing and leasing for all new and used titled transportation equipment, specializing in buses of all sizes.
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