Expanded Equipment Finance Connect agenda focuses on best practices for finance operations
Royal Media’s newly expanded agenda for the 2023 Equipment Finance Connect emphasizes educational sessions on best practices for finance operations. Equipment Finance Connect, taking place Feb. 27 and 28 at the Westin Charlotte, includes engaging workshops, roundtable discussions and professional networking
THOR inks deal for Starlink internet in RVs
THOR Industries is entering into an agreement with spacecraft manufacturer SpaceX's Starlink to provide internet to select recreational vehicles. THOR-manufactured Airstream, Entegra Coach, Jayco and Tiffin RVs will have the option of a factory-installed Starlink, which provides low-latency, high-speed internet
Equipment companies turn to bundling, SaaS solutions
Equipment companies are bundling products and services including maintenance and warranties to create turnkey solutions for customers. A growing trend in the equipment industry is the shift to an “as-a-service” approach, with companies wanting one provider that can do everything, equipment
Leasing, rentals gain traction on high-tech assets
Equipment companies are turning to rentals and leases for assets featuring advanced technology that carries a shorter lifespan. “One of the trends that we're seeing lately is that there is a preference to rent or lease items that are higher technology
PACCAR Financial Services profits soar in Q4
PACCAR Financial Services, the finance arm of truck manufacturer PACCAR, posted record profits driven by elevated prices and used-truck sales. PFS’ new business volume clocked in at $6.2 billion for the full year 2022, according to the Q4 earnings release. Growth
Homebuilder confidence rebounds after record declines
The new-home housing market is showing signs this month of a rebound, reversing a record 12 consecutive months of declines spurred by mounting mortgage rates, increasing construction costs and record inflation. January’s seasonally adjusted market index — which measures perceptions of
Equipment finance industry confidence rebounds in January
Confidence among executives in the equipment finance industry continues to grow after a two-year low in November 2022, despite concerns about inflation and a possible recession. The Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) — an assessment of current
Fed: Equipment supply chain, commercial lending mixed
Equipment supply chain disruptions have eased, but several regions are still experiencing challenges that drive up costs as commercial lending demand slows. The Federal Reserve System Wednesday released the January edition of its Beige Book, based on data collected as of
Limited systems integration stunts captives’ innovation
Captive finance organizations are critical to the success of the equipment financing industry, but limited systems integration with parent organizations is creating a barrier to innovation. For captives and their parent companies, connecting the digital ecosystems of both organizations is the
PNC pledges $30B to finance green construction
PNC Financial Services Group has increased its environmental financing commitment to $30 billion as part of its ongoing support of clients transitioning to a low-carbon economy. The pledge is a $10 billion boost from PNC’s initial commitment in August 2021