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
Registration now open for equipment F&I strategies webinar
Equipment Finance Connect, a new event from Auto Finance News’ parent company Royal Media, is pleased to present the free webinar, “Strategies for equipment finance and insurance (F&I) for a better 2023,” on Tuesday, Jan. 24, at 1 p.m. ET. Economic
DLL enters financing partnership with Waev
DLL has become the preferred financing partner for electric vehicle manufacturer Waev’s GEM and Taylor-Dunn brands in the United States. DLL will offer both floorplan and end-user financing for Anaheim, Calif.-based Waev dealers, according to a release from the Netherlands-based global
2022 equipment ABS volume increased 14% YoY
Equipment asset-backed securities issuance volume in 2022 outpaced the last three years as the structured finance segment continues its growth trajectory. Equipment ABS volume landed at $22.3 billion, an increase of 14% YoY, according to JPMorgan Securities. By comparison, volumes landed
Ocala Tractor’s Steve Spivey joins Equipment Finance Connect
Steve Spivey, director of finance at Ocala Tractor, will join the panel discussion “Positioning F&I for Success in the Coming Year” on Monday, Feb. 27, at 1:15 p.m. ET at the Westin Charlotte during the Equipment Finance Connect event. Equipment Finance
Homebuilder confidence continues historic decline
Rising mortgage rates, construction costs and inflation continue to stymy the new-home housing market, leading to the longest-running decline in confidence among homebuilders since the mid-1980s. Housing starts — a leading economic indicator — remain sidelined as consumers pull back on
Digital ecosystems critical to asset finance’s future
Building new digital ecosystems is key to meeting the future needs of the asset finance industry. Systems built through the collaboration of companies rather than by individual organizations offer an opportunity to deliver the best technology possible, according to the report
