To close a deal quickly there are many administrative processes that need to be completed. When these procedures are performed seamlessly, customers are more likely to receive the financing they need in an expeditious, fluid manner. One vital procedure that can influence funding time – titling.
Certainly, the technology powering electric trucks like the Volvo VNR Electric is intriguing and there’s no doubt that driving an electric truck breathes new, electric life into the hard-working occupation. But what about charging infrastructure and upfront investment costs? Those can be big hurdles for fleets to overcome.
These 10 US States Have America's Best Economies in 2024
Leasing News
It is the proverbial election year mantra: “It’s the economy, stupid.” But when it comes to attracting business to a state, the economy doesn’t only matter every four years. Companies want to locate in states with strong growth, stable finances, and a healthy housing market. They also like a diverse economy with lots of big corporations to partner with and a healthy flow of international investment.
Digitization in Equipment Finance – Moving Contracts from Paper to Digital
Equipment Finance Advisor
Over the last several years, many equipment finance companies have made important investments in their own digital transformation strategies for the business side of their operations. This was highlighted during the pandemic when organizations needed to digitize their back-office processes to become more efficient, especially with paper-based contracts and documents.
CLFP Foundation Makes Significant Updates and Releases New Resources for the Industry
The Monitor Daily
The Certified Lease & Finance Professional (CLFP) Foundation released the 10th edition of the handbook, which has been updated to reflect the profound impact of the COVID-19 pandemic on the industry and the expansion of the Uniform Commercial Code. The updated handbook now comes with an audiobook version, narrated by Leonard Lane, CLFP, available on Google Play.
Class 8 Sales Continue Trending Below Year-Ago Period
Transport Topics
U.S. Class 8 retail sales in June experienced their 11th consecutive month of year-over-year declines, according to data from Wards Intelligence. Sales decreased 24.7% to 18,134 units from 24,085 in June 2023. They also fell 8.2% from 19,764 units reported in May. Year-to-date sales are down 16.4% to 113,529 units from 135,802. Five of the seven major brands saw lower sales year-over-year in June.
