3 best practices for navigating rising interest rates
As interest rates continue to rise and cash flows tighten, equipment dealers must find the best ways to navigate today’s hawkish interest rate environment to ensure access to funds. Equipment dealers of all sizes must manage rising interest rates to meet
Opinions mixed on finalized CFPB section 1071 Dodd-Frank rulemaking
Opinions are mixed on the Consumer Financial Protection Bureau’s finalized rule that requires small businesses such as equipment dealers to collect information from customers, as financial institutions prepare for new small business lending reporting requirements. The CFPB issued a final rule
Lindsay revenues decline as ag industry normalizes
Irrigation and infrastructure OEM and technology provider Lindsay Corp. posted declining year-over-year irrigation revenue as unit volume returns to normal seasonality. Lindsay’s North American irrigation revenue for the second quarter of 2023 were $90.4 million, down 10.2% from Q2 last year,
Teleo expands semi-autonomous capabilities
Teleo, a heavy equipment technology company, is expanding its customer base and dealer network as the company looks to implement its semi-autonomous technology. OEMs such as Honda and Bobcat plan to expand into autonomous vehicles, but their products are in the
New orders for core capital goods inch up in February
New orders for core capital goods increased slightly for the second straight month as companies continued to navigate rising interest rates. The seasonally adjusted value of core capital goods orders, which excludes aircraft and defense equipment, landed at $75.2 billion, an
Equipment finance industry confidence declines in March
Confidence in the equipment finance industry declined slightly in March following three months of growing confidence as recession and inflation woes continue. The Monthly Confidence Index for the Equipment Finance Industry landed at 50.3 for March, down from 51.8 in February
Honda, Bobcat unveil autonomous vehicles as labor, safety solutions
Original equipment manufacturers Honda, Moog Construction and Bobcat are working on autonomous vehicles as potential solutions to labor and safety concerns in the equipment industry. The three companies unveiled their vehicles on March 14, the first day of CONEXPO. Honda Honda has unveiled
Partnerships, workforce development key to addressing manufacturer, dealer labor shortages, US rep says
Equipment and congressional leaders are emphasizing the need for infrastructure funding and workforce development to support the equipment industry. U.S. Rep. Dina Titus (D-Nev.) ended her tour of CONEXPO 2023 in Las Vegas last week by speaking with the media, along
New Holland homes in on electric rentals
LAS VEGAS — New Holland Construction, a subsidiary of CNH Industrial, aims to capitalize on equipment rental opportunities via new electric vehicles. “As far as ease-ability and serviceability [of EVs], that’s a big advantage for a lot of our customers, especially
US equipment industry eyes electrification
LAS VEGAS — Electrification in the equipment industry is building slowly in the United States but trails years behind Europe, which outpaces U.S. EV sales by about 2.5 million vehicles. “The biggest trend right now is electrification,” DLL Head of Regional
