Mitsubishi HC Capital America’s work truck finance division reached a milestone of $1 billion in originations this week. The company reached this achievement with record volume of $112 million in the quarter ending June 30 while also receiving the most credit applications in its history.

“These record results are due to executing on our value proposition, our experience and the commitment from every member of the work truck finance organization, every day,” Dave Herring, vice president and general manager of Mitsubishi HC Capital America’s work truck finance division, said. “We are winning the business because of our service. We answer the phone, we call you back and we provide the information and flexibility dealers need to sell their work trucks.”

According to Herring, the quest to reach $1 billion in originations has been a team target since October 2019, when the division began to focus solely on commercial work trucks.

With the strongest start of the year in its more than 20-year history of financing trucks, Herring is optimistic for future performance, as the division is actively doing business with more than 300 work truck dealers on average throughout the United States.

“How we respond to customers with our consultative, relationship-based approach and our expertise in this space are game changers for work truck dealers,” Herring said. “I’m very excited about what our team has accomplished and am looking forward to celebrating more monumental accomplishments with this team in the future.”