Finance

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

DFS Solutions introduces certified commercial finance program

The Certified Commercial Finance Managers Association's mission is to provide consistent standards for the commercial finance industry by establishing the benchmark for education, oversight, and a code of ethics, DFS says.

November 5, 2021

TopMark Funding announces highest-performing quarter

The company credits its performance in part because of its commitment to attracting and retaining top senior sales talent.

October 19, 2021

Image of spreadsheet and pen

TopMark Funding expands capabilities of DealerLinc platform

TopMark Funding has implemented additional features to its DealerLinc technology to better serve its growing dealership client base.

October 7, 2021

Inventory management

Centralizing purchasing offers substantial cost savings for parts distributors

By taking time now to analyze and optimize purchasing tactics, dealers and distributors can increase their bottom line and add valuable capital to grow while the market is good or save as reserves for when it eventually changes course.

August 15, 2021

hands holding a tablet with graphs in the of a warehouse

SelecTrucks updates Buyer's Assurance program

SelecTrucks has expanded component coverage and a new warranty concierge program, administered by Fleetrock, to enhance its industry-leading 60-Day Buyer’s Assurance coverage.

August 10, 2021

Freightliner tractor

Truck dealers

"On behalf of the trucking industry, we thank Sen. Young and Sen. Cardin for their legislation to repeal the FET, which will result in cleaner safer trucks on the road," says Steve Bassett, ATD chairman and dealer principal.

July 23, 2021

Growth strategies

TruckSuite becomes founding affiliate for new Repair ACES

TruckSuite and Repair ACES (The Association for Commercial Equipment Solutions) announced their partnership and that TruckSuite is a founding ACES affiliate.

July 12, 2021

ATD's annual report on dealer channel shows depth of COVID-19 sales losses

ATD reports in Data that the average commercial truck dealership recorded approximately $35.7 million in total sales in 2020, down more than 27 percent from 2019.

June 22, 2021

ATD Chair 'now is the time to get serious' about repealing FET

Replacing FET with other funding measures won't be easy, but legislators are starting to understand that FET's inconsistent funding nature isn't a reliable tool either, nor is it helping to modernize the nation's trucking fleet.

June 21, 2021

TopMark Funding has record-setting month as trucking industry booms

TopMark Funding is on a hot streak. After recording the strongest month in company history in March, TopMark immediately surpassed that total in April, adding to the company's record-setting first quarter momentum.

May 20, 2021

Topmark Funding Building

Mack Financial Services introduces special financing rates

Mack Trucks announced Wednesday its all-new Mack MD Series models now have special financing options available from Mack Financial Services (MFS) for customers in the U.S. and Canada.

May 19, 2021

TLG Peterbilt updates branding for financial services

The Larson Group (TLG) Peterbilt recently announced a brand and name update for its finance company. Capital Lending will now be known as TLG Financial.

April 27, 2021

Tlg Financial Logo1

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Electricity from wheel ends routing to batteries

Regenerative braking: Catch up on the future of slowing down

As hybrid and electric truck adoption rates continue to grow, dealers and aftermarket operations soon will be exposed to a lot of unfamiliar systems and technologies they’ll be expected to maintain. One of those innovations is regenerative braking.

Freightliner eCascadia truck

Freightliner unveils new electric eCascadia

Goodyear soybean-oil developed tires

Goodyear integrating soybean oil compound into transit bus tires

Employees looking at computer monitor in warehouse

The importance of e-commerce sites during a parts shortage

Jim Allen's truck at Karmak HQ

Karmak CEO Jim Allen’s unique approach to customer service and engagement

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!