Finance

MEMA offers insights on debt ceiling, Repair Act

With the United States just days from defaulting on its debts and a resolution agreed to but not yet voted upon, tensions are high in Washington, D.C., this week.

May 30, 2023

U.S. Capitol building image from the ground

Will debt ceiling drama be avoided?

The U.S. owes more than $31 trillion. Just like many households have mortgages, car notes and credit cards, the U.S. government also carries debts that allow it to pay for programs and services for Americans.

May 26, 2023

Political battle over debt ceiling

Webinar addressing dealership valuations set for May 18

Performance Brokerage Services, Morgan Stanley and KEA Advisors will hold a joint webinar on Thursday, May 18, titled "Understanding the Value of Your Commercial Truck Dealership."

May 10, 2023

Customer shaking hands with sales person

Jasper announces ESOP milestone

Jasper Holdings announced record holdings for associate owner shareholders in the company's Employee Stock Ownership Plan (ESOP) during a presentation last week.

April 28, 2023

TRALA panel addresses collection tactics

The 2023 TRALA Annual Meeting featured a helpful panel discussion Monday offering best practices for communicating with past due customers and how to initiate a repossession when a customer's situation becomes dire.

April 3, 2023

Truck being towed away

Deadline looming to take advantage of Employee Retention Credit

There are only two weeks remaining for taxpayers to file amended tax returns and take advantage of the Employee Retention Credit for the 2020 fiscal year.

March 29, 2023

Mature man at computer frustrated

Bipartisan bill to repeal FET reintroduced in Congress

The American Truck Dealers (ATD) announced Thursday support for the “Modern, Clean, and Safe Trucks Act of 2023,” a bill reintroduced in both chambers of Congress Wednesday that would repeal the Federal Excise Tax (FET) on medium- and heavy-duty trucks.

March 9, 2023

Mack Anthem drives over a bridge

Lion Electric announces financing partnership with Engs Commercial Finance

The Lion Electric Company has entered into an agreement with Engs Commercial Finance Co. to provide financing solutions to Lion school bus and truck customers in the United States and Canada.

February 13, 2023

Lion Electric eChassis introduction

PACCAR nets record annual revenues, net income

"PACCAR's excellent results reflect the strong demand for premium quality DAF, Peterbilt and Kenworth new truck models worldwide, record aftermarket parts profits and strong financial services performance," says Preston Feight, CEO of PACCAR.

January 25, 2023

A white Peterbilt 579 EV Class 8 truck with a trailer that reads 'Leading the Charge.'

Volvo invests in Waabi to develop autonomous trucking technology

"We are impressed by what they have accomplished and see that Volvo Group can add considerable strategic value to the development of their business,” says Martin Witt, president of Volvo Group Venture Capital.

January 18, 2023

New Year brings new incentives, regulations

A roundup of new incentives, laws and code adjustments for 2023.

January 5, 2023

A hand poised over a calculator and spreadsheet.

Xos chooses National Truck Protection as extended warranty provider

Battery electric truck maker Xos announced on Tuesday an extended service contract offering in partnership with National Truck Protection Co. (NTP).

October 25, 2022

NTDA business sessions address parts and service profitability, dealer financing

A mini business section on improving parts and service profitability was a highlight Thursday at the National Trailer Dealers Association (NTDA) Convention in Colorado Springs, Colo.

October 14, 2022

KEA Advisors' Allen Phibbs

Battle Motors partners with Engs Commercial Finance

Battle Motors Capital was created to support the sale of Battle Motors’s heavy-duty diesel, CNG (Compressed Natural Gas) and EV (Electric Vehicle) work trucks into the refuse, construction, utility, and general freight segments, the company says.

October 13, 2022

Guidance regarding excise tax exemptions for specialty trailers

Tim Reynolds, CPA from DHW, offered a tutorial on federal excise tax (FET) specialty trailer exemptions for National Trailer Dealers Association (NTDA) members last Wednesday.

September 25, 2022

Man working on finances

CLA webinar to offer guidance on transitioning ownership of a business

"How you transition from your business can mean the difference between proudly leaving a powerful legacy while fulfilling your personal and financial goals — or leaving behind a business that falls far short of your expectations," the company says.

September 22, 2022

Two men talking next to a truck

Parsonex Capital Partners launches credit enhancement facility with Class 8 leasing firm

Parsonex Capital Partners announced the launch of a credit enhancement facility to Class 8 truck lease origination company Traction Capital and Leasing.

August 9, 2022

Class 8 truck driving down the road.

ATD holding exclusive webinar to offer expertise regarding dealership sales

The American Truck Dealers (ATD) will hold an exclusive webinar with Performance Brokerage Services on Aug. 17, to offer guidance for commercial truck dealers who are considering buying or selling a dealership business.

August 3, 2022

Men shaking hands after business deal

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White and red trucks in a lot

MEMA survey shows supplier concerns regarding 2024 forecasts

Truck makers ordering more product than industry forecasts believe necessary is beginning to cause consternation for heavy-duty suppliers, reported MEMA during the association’s monthly Pulse webinar Wednesday.

Political battle over debt ceiling

Will debt ceiling drama be avoided?

Award trophy image

Nomination period for the Successful Dealer, Trailblazer Awards closing soon

Connected vehicle technology

What fleets are saying about remote diagnostics

Download the Heavy Duty Maintenance Checklist

Download the Heavy Duty Maintenance Checklist

Learn how to move your used trucks faster

With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.

Used Truck Guide Cover

Heavy-Duty Maintenance Checklist

Maintenance is a critical part of vehicle upkeep—we’re preaching to the choir here, but you know what? It doesn’t hurt to repeat it at times. Check out our latest downloadable maintenance checklist and give it a whirl!