Cat Financial originations down 11% YoY
Cat Financial originations declined in the first quarter due to high interest rates leading to more cash deals and increased competition from banks. Cat Financial, the finance subsidiary of equipment manufacturer Caterpillar, posted $2.5 billion in Q1 originations, a decline of
Cat Financial revenues jump despite drop in new business volume
Cat Financial, the finance subsidiary of equipment manufacturer Caterpillar, posted increased revenues despite declining new business volume thanks to favorable interest rates. For the full year, Cat Financial posted $11.4 billion in originations, a decline of 13.3% from 2021, according to
Former Yamaha Finance exec jumps to commercial vehicle finance
Yamaha Financial Services’ former Chief Risk and Chief Strategy Officer Vijay Patil departed the lender in July, 2021 to helm a new venture that brings the indirect lending model to commercial vehicle finance. Patil is the co-founder and chief operating officer
