Finance

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

Daimler Truck partners with Zoot

The partnership with Zoot, a global provider of advanced origination, acquisition, fraud prevention and decision management solutions, provides Daimler Truck Financial with the technology necessary to offer data-driven, innovative, solutions.

July 13, 2022

Freightliner tractor on a road

ATD lauds bipartisan FET repeal bill in House

The American Truck Dealers (ATD) vocally announced its support for the “Modern, Clean and Safe Trucks Act of 2022,” bill, recently introduced in the House of Representatives by Rep. Doug LaMalfa (R-Calif.) and Rep. Chris Pappas (D-N.H.).

June 16, 2022

Equipment sales constraints showcase importance of F&I penetration for dealers

With capacity limits on new equipment production and used equipment supply so low, never has there been a better time for dealers to prioritize finance penetration in their equipment sales.

April 6, 2022

Two people going over documents at a desk

Engs Commercial Finance to support Nikola truck sales

Nikola Corporation and Engs Commercial Finance Co., on Tuesday announced a signed agreement to facilitate sales of Class 8 Nikola Tre battery-electric vehicles (BEVs) and Nikola Tre hydrogen fuel-cell electric vehicles (FCEVs).

March 30, 2022

CliftonLarsonAllen details tax breaks that ended in 2021

CliftonLarsonAllen (CLA) has posted a new report addressing 40 tax breaks that phased out during 2021 and the impact they may have on small and large businesses when filing current and future taxes.

February 23, 2022

40 tax breaks ended in 2021

Meritor posts positive Q1 earnings, led by commercial truck business

Meritor on Thursday announced positive financial results for its first fiscal quarter that ended Dec. 31, 2021.

February 3, 2022

Kenworth EV Grant Initiative connects customers to funding

Kenworth electric vehicle grants help customers find and secure funding assistance toward the purchase of certain Kenworth BEVs and charging equipment.

December 13, 2021

Kenworth K270E and T680E battery electric trucks.

CLA article offers guidance on PPP loan forgiveness timing

CliftonLarsonAllen (CLA) has released a new article addressing the three recently issued revenue procedures by the Internal Revenue Service (IRS) providing guidance with respect to the timing of tax-exempt income from PPP loan forgiveness.

December 1, 2021

New PPP loan forgiveness guidelines released

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White truck going down long hill

Used truck depreciation intensified in December

With new trucks finally hitting highways en masse and dealers eager to get out from under excessive inventory by year end, the used truck market saw a large dip in price last month, J.D. Power reported in its January 2023 Commercial Truck Guidelines.

Mergers and acquisitions roundup

Dealers and aftermarket groups busy in new year

Cummins-Meritor better together slide

Cummins offers update on Meritor integration

GenNext has opened nomination period for its 4 Under 40 Awards

Weldon Parts wins 2022 TPS Distributor of the Year

Weldon Parts earns 2022 Distributor of the Year Award

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

Learn about Turbo Solutions All Makes Turbocharger Program

Turbochargers for all engine applications. Click to learn more!