Finance: Page 2

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.

Mergers & Acquisitions

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

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

Page 2 of 3

Truck on interstate driving

Late-model depreciation gently slowing for used trucks

"One month is not a trend, but any relaxation of depreciation would logically show up first in newer trucks, so cautious optimism is not out of the question," J.D. Power reports.

Kriete Group chargers

How electric trucks may transform dealer revenue streams

The image on the left shows a sign being taken down and the image on the right shows a new FleetPride sign in its place.

Rebranding demands strategy, communication

J.D. Power's Chris Visser speaking at UTA Convention

Used truck depreciation slowing but price unlikely to turn until 2024

Download The Comprehensive Guide on In-House vs Outsourced Maintenance

Download The Comprehensive Guide on In-House vs Outsourced Maintenance

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

In-House or Outsourced

Download The Comprehensive Guide on In-House vs Outsourced Maintenance