Equipment FinanceIndustry Trends

Québec joins coalition to accelerate marketing zero-emission heavy-duty vehicles in North America

NEW YORK, NY–The Government of Québec is taking part in the work of the Multi-State ZEV Task Force, a coalition of 16 U.S. states that will work together to accelerate the electrification of medium- and heavy-duty vehicles in their territories. Benoit Charette, Minister of the Environment and the Fight against Climate …

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Equipment Finance

12,600+ bidders register for US$57+ million Ritchie Bros. auction in Fort Worth, TX

RICHMOND, BC–Ritchie Bros.’ latest Texas auction attracted 12,600+ online bidders from 64 countries to compete for 4,300+ items consigned by 600+ sellers. As a result of this unprecedented demand, Ritchie Bros.’ Fort Worth auction generated US$57+ million in gross transaction value.       “We continue to drive record-breaking demand, with bidders …

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Equipment FinanceMergers & AcquisitionsVehicle Finance

Westcap invests in Rocky Mountain Equipment

SASKATOON, SK–Westcap Mgt. Ltd. has made an investment in Rocky Mountain Equipment. The transaction was completed in syndication between Westcap MBO II Investment LP and Golden Opportunities Fund Inc., Saskatchewan’s longest-standing provincial Retail Venture Capital (RVC) Fund, both funds are managed by Westcap. RME is Canada’s largest independent agriculture equipment …

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Equipment FinanceIndustry NewsIndustry Trends

Confidence Increases in U.S. Equipment Finance Industry: Foundation

WASHINGTON, DC–There is growing cautious optimism in the future of the American equipment finance market, once the contentious U.S. election is sorted out but amidst the COVID-19 pandemic. The Equipment Leasing & Finance Foundation (the Foundation) has released the November 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), …

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Equipment FinanceIndustry NewsTransportation

White Clarke Group Launches Customer Direct Finance Application Portal

LONDON, UK–White Clarke Group has launched a new version of the CALMS Customer Direct module, developed to support finance companies in the process of digitalizing their online finance services. The module simplifies and automates the end-to-end finance application journey, from initial finance calculations and data capture, identity verification and credit …

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Equipment FinanceIndustry News

Business Environment for U.S. Equipment Finance Firms More Favourable in 2021: Foundation

WASHINGTON, DC–Although the outlook for the U.S. economy is uncertain, equipment finance industry leaders expect moderate portfolio growth in 2021. But performance will vary by sector. These findings and others are according to a new study, Equipment Finance in 2020: Special COVID-19 Impact Issue, released by the Equipment Leasing & Finance Foundation (Foundation). …

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Equipment Finance

Ritchie Bros. latest Market Trends report shows slowly climbing prices

VANCOUVER, BC–With billions of dollars of equipment transacting via multiple sales channels each year, Ritchie Bros. has the data and in-house expertise to provide unmatched insight into industry trends. The company shares these insights via its Market Trends module within its Ritchie Bros. Asset Solutions suite of tools. Market Trends …

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Equipment FinanceIndustry News

September U.S. Equipment Financing Down Year to-Year, To Date, But Up Month-to-Month

WASHINGTON, DC—There is both bad and good news in the latest Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25). It showed that the overall new business volume for the American equipment finance sector in September 2020 was $8.7 billion, down 13 percent year-over-year from new business …

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Equipment FinanceIndustry News

U.S. Equipment Leasing and Finance Industry Confidence Eases But Signs of Improvement

WASHINGTON, DC–The Equipment Leasing & Finance Foundation (the Foundation) has released the October 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $900 billion equipment …

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Equipment FinanceFleet ManagementIndustry News

Fleet Complete Offers Free Service until July 31st to Customers with GM Vehicles

To help with the impact of COVID-19 on businesses in North America; offer aims to help fleet owners establish remote fleet management operations and comply with guidelines TORONTO, ON–Fleet Complete, the fastest-growing global provider of connected vehicle solutions, today announced its fleet assistance program with free service until July 31, …

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