Why John Deere plans to buy satcom services
WASHINGTON— Agriculture equipment manufacturer John Deere wants to add more satellite connectivity solutions to its equipment that can help farmers work more efficiently. The company is assessing a slew of satcom proposals from multiple vendors as it looks to connect its machines and
Equipment finance executives evaluate importance of vetting financing partners
Equipment dealers must evaluate their vetting process for third-party financing partners to stop bad actors and prevent misinformation. Dealers who do not have a process for sales personnel to vet financing partners put themselves at risk, said RJ Grimshaw, president and
Dealer rentals to grow as bonus depreciation phases out
CHARLOTTE – Rental business at dealerships is poised to gain traction in the coming years as depreciation tax benefits on equipment begins to phase out. Rentals are already gaining traction on equipment with advanced technology, and more segments of the equipment
Automation, standardization increase aftermarket product attachment
CHARLOTTE — Automation is key for equipment dealers looking to sell aftermarket products as it will help increase attachment rates and streamline their integration into the sales cycle. “What I’ve found visiting dealers is that, on the front end, there’s no
Mitsubishi HC Capital Canada to finance Lion Electric EVs
Mitsubishi HC Capital Canada and ENGS Commercial Finance are providing financing to electric vehicle manufacturer Lion Electric for the company’s school bus and truck customers in the United States and Canada. Mitsubishi HC Capital America is set to absorb ENGS Commercial
Watch for these 3 key themes at Equipment Finance Connect
CHARLOTTE — The equipment finance industry is seeing a period of growth despite hawkish monetary policy and lingering supply chain constraints, with vendors and lenders looking to capitalize on the opportunity to streamline their finance and insurance operations. In fact, new
Chicago Fed’s Lavelle joins Equipment Finance Connect speaker faculty
Martin Lavelle, senior business economist at the Federal Reserve Bank of Chicago, will take the stage to discuss the Fed's view on current economic trends within equipment finance at 10 a.m. on Feb. 28 during the 2023 Equipment Finance Connect
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
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
